Hey Board!, page-10

I posted this on another thread

The issue for us divvy investors is , okay we get that it was only one divvy but we are fearful that for quite a long time ( 3-5 years or more) due the high debt profie if they purchase Anglo, the divvy yield is not going to be what it was. Confidence has gone. Sure, there will be an appreciating assett ( well, hopefully) but the divvy yield was the main game for many shareholders, and ithe superannuation income funds/instos. The latter must be seething at the moment. Such a dramatic reversal shakes confidence and the whole thing could have been managed much better in terms of underpinnibg the share price to some extent . A partial divvy would have helped. God knows what pitiful CR price they will now be looking at to get sufficient cash to bid for the assets. Management have scored an own goal. Would not surprise me if they reinstated a partial div in the short term to stabilize things. What a mess.
The dead cat bounce on this freefall has been and gone, todays share price continues the trajectory down. Is sub $5 likely I wonder. Its all about confidence now in decision making, not long term assett building in coal assets