RE: Sell20 Mar 2019 16:34
Brutal. Any institutions who sold large qtys today should be investigated assuming news tomo is bad.
That said, how bad can it be? Last update they committed to holding the divi. If this falls much lower that will make this 8% which you would expect to see on a distressed share which given the balance sheets and lack of net debt this is certainly not so whilst frustrating to see a paper loss this becomes a massive buy if we get to an 8% yield.
Of course, unless the leak is that divi is being cut in which case provides a bigger case for investigating today’s drop.
GLA