Looking beyond the dead fly on the windshield
Quote:
Originally Posted by
Roger
I still hold some but the truth is $145m pushes them right to the edge of their maximum self imposed leverage position (55%) and dramatically reduces the chances of a special dividend so fundamentally changes the forecast dividend yield and they are throwing trucks loads of our cash down green holes and black holes with little immediate prospect of any commercial payback but you can't see that anything has changed PT ? I can recommend a very good optometrist just up the road here...might even test tiger's eye's for all I know :)
The distinct prospect of further equity required to be injected is grounds for concern too. Any wonder prudent risk averse investors have been reviewing their positions quickly...
Opps so sorry, does that amount to further venting :blush:
So...
Who needs their eyes testing now Magoo?
Best Wishes
Paper Tiger