Could someone with access to The Financial Review article please post it?
I'm glad our questions have made it to main stream media and further that the share price has reacted accordingly negatively to the article. This has put a kind of pressure on the company/directors to respond that we never could have.
Further I am glad that SBB has given immediate response to the interest question, even if there are still some question marks around why finance expenses have increased as debt has decreased (there are plenty of reasons this could have happened of course).
Lastly and most importantly, the articles main query is regarding our dividend mystery. Answering the interest question shows that SBB are listening and are willing to respond. Therefore I think it is likely they will respond to the dividend question too. Only they are not ready to give a full answer yet as their P&L is still being determined/audited - the interest was a cash thing so they could easily put together an immediate response.
Surely SBB are debating internally how they will respond to The Financial Reviews dividend questions. I wouldn't be surprised if we saw a statement next week clearing up some questions i.e. what the current dividend policy is. Not saying this will happen but the response to the interest question gives me hope.
I still expect to see an April dividend as it makes the most logical sense given the financial year and timing of last dividend. We have taken on a lot of risk buying into this company, if all is legit you would expect some reward for that risk.
SBB Price at posting:
6.6¢ Sentiment: None Disclosure: Held