very low dividend, page-6

interest rate cuts are not going to save them, they are exposed in countries where the economy is going down the toilet.
and yet the board are still spending money setting up mega stores in central europe??
after squandering wealth on the clive eters and rick hart decisions.
there is a reason why the SP is struggling and its not all to do with the current market conditions, its 'cause investors can see a large public company that is run by an old and out of touch man, with a capitulating board unable to stand up to Gerry and a dimishing income stream as the franchises are squeezed so much any one with any retail nouse leaves or gets pushed if they try to question the word form on high....
basically, 'the emperor has no clothes'
this company will be in line for a takeover soo if the ties are not cut with the loss making side f their business.
and thats if they dont suffer massive write downs on the property portfolio. which still has not been accounted for.
so Sales down, Profit margins down big time, property values soon to be down, european investments soon to be closed (if they have sense)
not a blue sky for big Gerry no matter how much he tries to suggest an interest rate cut will help him.