RE:DividendThey have debt issues...and that supercedes the dividend in term of urgency of what to do with the cash. Believe me, debt holders had something to do with the cutting of the dividend because they don't care about the value of the equity and the shareholders but they're definetely worried about their repayments. Cutting it was the right move, just too little too late IMO.
Adam001 wrote: Cant get the point of cutting Dividend , this is worst decision made by mgt which drives price lower .
They dont understand that so many long term retired investors depend on these Dividend big time like pension !!!
if on the next ER they announce to resume Dividend payout . stock price will be flying cause dividend suspension gives an indication of cash flow issue . They have to prove that they dont have insolvency .