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  1. #81
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    was thinking along the lines of...If there is no roadbuilding ..etc they have less work

  2. #82
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    Quote Originally Posted by mcdongle View Post
    was thinking along the lines of...If there is no roadbuilding ..etc they have less work
    They are preference shares, paying a dividend tied to certain interest rates. Preference over Downer ordinaries, that is. If less work for Downer results in lower dividends, it's the ords that cop the effect first. If the worst comes to the worst, the pref shares have "preference" over the ords in any distribution to shareholders.

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