Something's wrong18 Nov 2015 10:28
The share price performance in the last few months has been dismal. Either the market doesn't believe in the Company's strategy or they don't believe that the management can implement the strategy. Yield is now over 11% which is fine if it can be sustained but a yield at this level usually means that a cut is in the offing. I can't make up my mind. I'm showing a big loss on paper which I'm reluctant to crystallise. If the Board would indicate that they intend to take the scrip dividend for the December interim that would be an encouraging sign. They mostly took the scrip dividend for the 2 previous interims.