NEW 0.00% 6.3¢ new energy solar limited

Insanely cheap, page-55

  1. 940 Posts.
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    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.

 
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