re: announcement re new gas supply contract
DUE are a nice steady earner but watch the down side. 1. Incredible gearing. Any big movement in interest rates will wipe out any earnings 2 Paying dividends from capital. Just for the moment to maintain smooth distributions during restructure of DBGP 3 Maquarie have so many fees and performance grabs that any up-side is throtled to death. Try 20% of capital gain above a very ordinary benchmark. And 1% of net value. including borrowings....
Macqarie is not a millionare factory for nothing! Mums and Dads pay for it!
DUE Price at posting:
0.0¢ Sentiment: None Disclosure: Held