RE: Punchy Cash Flow Forecast25 Jan 2026 15:23
May I ask a dumb question, as a relatively inexperienced investor in Harbour? Why did they allow the div to get to such a high level (maybe not amongst peers, but it's high) if they carried so much debt? Any really significant reduction in March will see the sp smashed. Many retail will sell, hedge fund shorters will pile in and US banks, instis will take advantage and throw in some punches as well. Am i exaggerating the risk? I just can't see Mr Market seeing it as sensible even though it is. For the record, I'm ok with debt first, div later. Maybe a buying opp but it has taken ages for Harbour to crawl to even this grossly undervalued level.