RE:RE:RE:Sustainable mathMy guess is they'll cut the dividend by 25% sometime in the next year (best guess? 6 months), although they should probably be cutting it by 50%.
I never looked at the statements. I knew it was a bit of a dog but believed that they were good for it (the dividend) and that it was being paid from profits.
I never imagined that a substantial portion of the dividend was in effect being paid by borrowing.