Place ya bets..., page-44

100% correct. And they have shaved their operational costs significantly. The margins that have been quoted this morning are historic margins. Their prospective margins look good. I'd be worried if I was on the payroll, however, as there are looming redundancies. But, as a shareholder, that means better margins (after stripping out one-off costs).
I'm happy to sit on these with a reduced dividend. even assuming the lower payout ratio for 2H17 dividend payment, I estimate the FY dividend will be around 5c per share (or 5.9% yield). It's not a bad option to leave some money parked here for a year or so and collect a bit of capital growth as well.