Dont know about anybody else but I was less than impressed with the results:
IMO this company will continue to need cash as it still has expenditure that requires more than what the operating entities provide whether or not any dividend is paid.
My cash flows don't allow for much repayment from July 2010 as the business has not delivered enough capital as shareholders for this type of investment level.
I also think you can have a DRP but not paying a dividend clearly shows that management has missed something.
Now had LCE waited for the results I think a lot more would have supported them in a changing of parts of the board.
IMO this company needs more capital and a plan to reduce working capital and as such it needs it now.
So after being positive I still am but need a few real plans not bluster to consider adding any more. Disappointed
PSH Price at posting:
78.6¢ Sentiment: ST Sell Disclosure: Held
