Ann: Trading Halt , page-15

I am not at all at them keeping the div. actually I would be surprised if they did not. With the 20 odd million cash they r about to receive and an improving second half, div is absolutely on the cards. Particularly after the debt reduction the existing restrict on distribution from the lenders would mostly possibly removed too.

Looking at their operating result for the last 3 financial years, stripping out madman their core operation looks fair bit better than combined with madman when judged on ebitda margin and trend (don't have my spreadsheets now but from memory) so I say the valuation on the post madman sale basis should be better on FUN even before considering the 30% improvement in h2.

Looking forward to see how much madman dragged down the h1 result.