well to say i am disappointed is a massive under statement.
to know that management were happy to confirm a $0.09 pa div a few months back and then see this, i am very disappointed.
while i agree that divs should be paid from cash flow i would have prefered that they cut the div earlier, then we would have given them some credibility for making the hard decisions. they way they handled this is shocking, talk about piss poor corporate govenance.
lets see how many of their supports keep investing funds in their APN funds management platform? after this effort i will be selling the managed investments they look after for me. lets see how they like that!!!
not even worth wasting a phone call to the tossers.
well to say i am disappointed is a massive under statement.to...
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