Post by
fjctboot on Dec 30, 2018 2:46pm
Dividend cut not likely
Last quarter they had over $4million of distributable cash. I add the losses on solar and figure in some minor margin improvement and reach the conclusion that the payout should come close to being covered this quarter. Cash and availability are about 30 million at the end of Q3 so if they need to borrow 2-3 million for the monthly distribution during the first quarter I believe the board will do it, just to keep their word to shareholders. Also nobody has discussed the fact that the banks just extended them new credit lines. I never knew bankers to make a loan without the deck being stacked in their favor. Crius will be fine and I conclude the stock will be above $4 American by the end of January. Regards to all fjctboot.
Comment by
Sadie222 on Dec 30, 2018 10:05pm
Maybe we’ll see what effect the DRIP has on cash flow.
Comment by
Sadie222 on Dec 31, 2018 12:41am
Don’t forget that there are still about $2m expenses expected for solar this quarter. That should be the end of it.
Comment by
sotypical on Dec 31, 2018 2:51pm
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