With the 50% sale of MS
* dividends are only ~55% covered with cash now
* after a 3.3.m fee to the manager sale was below current carrying value although above construction cost
* proceeds will probably be used to pay divs., repay maturing short term facilities and maybe a small buyback.
How are future dividends going to be covered and debt repaid?
It is like watching someone's pocket being picked in slow motion.
- Forums
- ASX - By Stock
- NEW
- Insanely cheap
Insanely cheap, page-55
-
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NEW (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online