Well I can.only assume that the .195c divy will.be scaled back...

Well I can.only assume that the .195c divy will.be scaled back to billio to get them over this hump.

The last NTA was about. $ 1.60 from memory

Most of the debt has now been repaid therefore the finance expenses should be down significantly

They have cash in the bank so might be earning a small amount of coinage based on current interest rates.

The Geelong dock is well under utilised . Hope that the potential grain deal is still moving along.


We know that sales have been impacted by the Chinese but these things change over time. Always expect the unexpected.


The 2nd tranche of cash from the sale is due within about 60 days hopefully. Time will tell.

I have been burnt but at these levels but I still think it represents value at these levels even if the business is going through hard times.

Happy to follow my own convictions.


If they do payout .195 as a divy then the yield should not be bad at these levels. (I guess now the probability of this happening is Very Very small but your guess is as good as mine.)



DYOR