:scared: no dividend , the board made the right tough decision considering there racing to free up badly needed cashflow
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2 billions assets....at 1/4 worth of the share price. Might as well sell and delist from NZX and pay all the shareholders at $1
At least market n traders could back off a bit now ... knowing no CR
terrible report anyway like i said mth's ago margin squeeze was coming and in this report you can see it. major margin pressure and high gearing no wonder there cancelling the div and selling of every non core asset they can find :scared:
lucky sales holding up
NTA now roughly double the market cap, buying 2 for 1 not bad. Cashflow, debt headroom and gearing showing no need for CR, further boosted by appropriate suspension of dividend. Site sales progressing.
Hardly the horrific update many were putting forth.
Just bad report for bull.....n traders...lol
Big increase in sales not reflected in rather dismal financial performance.
Brett seems to have left out a fair bit if info in presentation that in past been included …hmm