Pmunt your very selective in interpreting the companies...

Pmunt your very selective in interpreting the companies quartlerly update and I seriously hope that they continue to pay divvys but the following comments from management contained in the quarterly report dont instill me with confidence.
The company makes the statement that"we beleive it is best to remove,for the time being,our earnings guidance for the full 2009 financial year".

Secondly the company states that"as a result of the prevailing economic environment,returns of capital to shareholders are most likely to begin in 2 to 3 years time".

Its quite clear that the companies earnings guidance at its 2008 annual meeting of 10 cents per share has proven misguided and if your happy with the companies current guidance on the dividend payout....good luck.

Read the attachment that outlines where the company has its exposure.The continuing global recession over the next 6 months is not going to be a plus for KBC.

Cheers