Well. I just read the report. Basically they have 6 million in profit reserves spare, of which they have used 15 million to pay this last dividend in coming weeks. They had a nice profit reserve luckily but now they will need to return to profit to keep the dividends at this rate.
In saying that, they have already had some good gains in MQG MLB and AIO and also Facebook and some other international shares. I'd expect a profit this year if we grind up to 5600 to 5800 on the ASX.
My reason for holding is simple. They are positioned for a fall in AU dollar, which will happen once US gets real about raising rates. Also, they trade on technicals, which is something different! They will bounce back i think
CDM Price at posting:
$1.25 Sentiment: Buy Disclosure: Held
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