I gather you lost some money in CLO, your emotional comments seem to indicate that.
CLO profit before tax was down, but after tax was up, doesn't sound too bad to me. Earnings per share down 1%, however, a year ago the shares were around 70c, now 45c.
Now I don't personally take summary figures to heart, as there are many details that need to be factored to understand summary results, however, if you are going to use that as your basis, then the figures haven't stacked up too bad at all in a very testing world economy.
I still don't understand croupier's comments. Croupier is suggesting illegal activity, or am I reading it incorrectly? Is there significance in most money being made from overseas?
Cheers
CLO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held