MD made clear (OpenBrief) that the purpose to conserve cash is to invest in infrastructure project(S!) for future benefits. This will make a good question at AGM: if market remains the same (flat) and company does same (or slight better), will they pay div or still keep cash for project(S!)?
Wonder why these people all suddenly see the need of these projects when time is bad. Good time (when cash is abundant) they never see this.
Still remember Diana Eilert as MD, similar approach.
CND Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
