You seem to have missed the point completely. RBD could have borrowed money from the bank using their property as security at a much cheaper rate than any other means. They sold the property to lease back which is much more costly in the end which was a great mistake. They then spent millions renovating those properties which only highlighted the first mistake. If i want to borrow money for any reason at all i borrow it from the bank using property as security. The bank couldnt care less what the reason is for me borrowing. When you see glaring blunders like that unless management gets changed RBD remains a high risk company. Macdunk
No i havent missed any points your opinion mirrers mine and yes banks do not care what they lend money on but they do care about getting there money back.
No i havent missed any points your opinion mirrers mine and yes banks do not care what they lend money on but they do care about getting there money back.
JUST "keepitsimple" and drop the past look at today BIZ...
BRICKS has been having a lovely time sniping away at the BARGAIN stock RBD of late but turnover is low KIWI`s don't want to lose there money and are holding on in hope of a TAKER OVER which could happen but its an income STOCK.. that's best and BRICKS has to soon return to OZ 4 FEB holiday almost over..
BRICKS, you are a real character. Fancy you winding up poor old JMKC. He took the bait.. LOL Classic!
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
BRICKS has been having a lovely time sniping away at the BARGAIN stock RBD of late but turnover is low KIWI`s don't want to lose there money and are holding on in hope of a TAKER OVER which could happen but its an income STOCK.. that's best and BRICKS has to soon return to OZ 4 FEB holiday almost over..
Hope you had a good holiday Bricks but i think a take over is your only hope of making money with RBD. A dividend yeild of 7.23 in a share that has gone down in share value 24.54% in twelve months is not to good a look. I would say if they owned their premises and got their act into gear you might be right. However all they own is a name plus a few kitchen utensils which hardly makes it a bargain or a safe haven for anyones money especially looking at past performances. macdunk
Hope you had a good holiday Bricks but i think a take over is your only hope of making money with RBD. A dividend yeild of 7.23 in a share that has gone down in share value 24.54% in twelve months is not to good a look. I would say if they owned their premises and got their act into gear you might be right. However all they own is a name plus a few kitchen utensils which hardly makes it a bargain or a safe haven for anyones money especially looking at past performances. macdunk
YOU have told me many times but BRICKS holding is not a loser its the current price and don't give a DAM about the PAST and the div`s are GOOD..
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