MCG macquarie communications infrastructure group

MCG appears to be losing money according to my reading of...

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    MCG appears to be losing money according to my reading of financial statements

    Am I correct ?

    If it is losing money , the dividend is paid out of capital, not earnings

    Which is not good-almost misleading ?

    Could someone put the case why this is such a bargin
 
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Currently unlisted public company.

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