From a previous announcemwnt looks like there is no divi coming this half. I am impressed by the number of increased holdings announcments in the last 3 months, and only the 1 decrease from Westpac who still hold a heep. It looks to me like something else is up.
Im going to guess its a profit upgrade because they have -
1. The downgraded profit due to SARS. This threat is all but gone.
2. Directors taking a 15% pay cut. Nice gesture.
3. Sale of the Sydney Hotel for 15.5 mil.
4. Servicing debt instead of paying dividend.
Would appreciate any comments on their financials ..
Also does anyone know if SARS is a seasonal disease or have we seen the end of it.
GHG
grand hotel group
