And now an update out... NIV falls from 61cps at half year to 51cps, ouch! The 7.3cpu cashflow and the approx 6cps retained to pay down debt is not going to cover the 10cps fall in value. Gearing rises from 52.3% to 56%, even after reducing debt.
No DRP this time.
On the positive side, valuations may have bottomed. On the negative side, op cashflow may not have.
And now an update out... NIV falls from 61cps at half year to...
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