Well, I haven't mentioned about the closing down of the local...

Well, I haven't mentioned about the closing down of the local manufacturing which is supposed to save about $150 million per annum.What has really changed for this company who used to have almost $2.7 billion capitalisation to one of only $100 million?

The $900 million debts have not changed at all, but it does look sickening when compare to the current capitalisation. When the company's capitalisation was $2.7 billion, it look reasonable and not too much debts. When the SP of this company improves and the capitalization increases, the debts equity ratio will improve which will bring back respectbility to PBG.

The company mentioned about capital management of paying only a dividend of 3c for interim and 3c final. I supposed it is prudent now from last year which was paying 8.5c for interim and 8.5c for the final dividend.The 6c franked dividend is equal to 8.57c.On a share price of 77c this equals to 11.13% dividend yield.

I have been accused of having fallen in love with PBG, I haven't but I have research this quite well.

caveat emptor for those looking to buy PBG.