Pete, they reduced the interim divvy from 12 cents last year to 7 cents for 2017. The good thing is this year is fully franked.
It is getting more sustainable and probably is giving them the space to reduce debt (or at least not increase it).
They have concluded big investments in the casino complex and some restaurants and they took some debt for it but now its over and they expect increased revs. They had a bad half year 2017 but I dont think this will continue or its anything structural!
Even with 14 cents for the whole 2017 its about 6% div yield fully franked. Not bad.
Greetings from a fellow investor from Greece!
News: RCT Reef Casino Trust gives update on operating results, page-11
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