1) Mgmt may decide to cut or suspend the distribution to ensure that LVR is not breached
2) Investors are worried that LVR will be breached if vineyards are reduced in value. Note that in Australia management believe that the vineyards are 'over rented'... i.e. the current rents are above market rents and as such a valuer may discount vineyards long term valuations as a result.
I'm also a MA subscriber and bought on the morning for 30.5c and sold later that day for 42c intending to get back in a couple of weeks later at a lower price... however, with recent half year report I'll wait to see if distributions are suspended or not...
Cheers John
CWT Price at posting:
32.0¢ Sentiment: None Disclosure: Not Held