16 cent stock with 8 cents of dividends per annum .....Crikey,...

16 cent stock with 8 cents of dividends per annum .....

Crikey, the world has gone completely nuts .

Company guidance in annual report is to retain div at 8 cents per share.

The dividend could however be halved and still bring in a 25% yeild (obviously).

Current interest cover is over 3 times .

The troubled UBS are no longer a substantial holder and that is down from over 12% of stock originally held .

I am truely amazed . Surely it has to be a buy .