Seems to be way oversold and at 17c I'm in too. Even with the reduced dividend from 4.45c to 1c for December quarter isn't that bad considering the environment.
In this climate what company hasn't had pressure on their share dividend ?? And the future dividends at 10 % of average share price and paid per quarter seems good to me at this price..... do the sums.
Yes they do seem to have some debt issues but hopefully that can be controlled.
IMO only dyor
IIF Price at posting:
15.3¢ Sentiment: LT Buy Disclosure: Held
