Maybe the divi is too good to be true over short/ medium...

Maybe the divi is too good to be true over short/ medium term.

Also of interest I read that the LVR headroom has deteriorated. On the two loans it is now only 13% and 8%.

Does this mean that if breached this will trigger a breach of lending covenant ???

If so... my guess is best case scenario is that interest rates and penalty fees will be significant (banks are being *ricks to business now)... worst case who knows ???

There maybe a good reason why the share price has come back from >40c to just 33c since the announcement...