The report looks positive and:"In the current environment, the...

The report looks positive and:

"In the current environment, the Directors will not be declaring an interim dividend for the December half year. Despite this, we remain committed to the ongoing payment of dividends. The level of such dividends will be reviewed but is expected to be equal to approximately 50% of earnings."

and:

"At its 2008 annual general meeting in October, the Company provided guidance that, in the absence of further significant deterioration in conditions, earnings per share in the 12 months to June 2009 should be around 10 cents.
We have remained comfortable, within materiality tolerances, with this guidance, however the short to medium term outlook for asset and credit markets remains uncertain and there is a risk that further asset write-downs may be required in the future."

So! A ffd of 5 cents in 6 months time when the sp is currently 11.5 cents, a very conservative Board and share holder funds of $250M or $1-45 a share, long term debt to asset of 46% and bad debt provision of 3%..."all bad news" debdeb? I do not think so...how about some sensible comment on this stock would be useful.