RE: quite risky9 Jan 2015 10:53
Personally I think the debt isn't that high and MNZS generate enough cash to cover the dividend. I'd be surprised if it's not maintained.
Heathrow was unfortunate but I see it as a one off rather than a trend. If they continue to disappoint then the best option is to sell. I've read estimates of 400mil in this case which indicates a SP of 650p.
in both the worst case (sale of the business) and best case (recovery) scenarios, this is undervalued.