Goldman Sachs JBWere questions how secure Seven's(SEV) dividend...

Goldman Sachs JBWere questions how secure Seven's
(SEV) dividend is; believes company will need to reverse a A$480 million transfer
to retained earnings made in 2002 once new international accounting standards
take effect. Analyst says this could see Seven's retained earnings balance fall
to a negative amount; notes that while dividends can still be paid with negative
retained earnings balance, says such dividends can only be paid out of current
year profits. Short-term underperform recommendation maintained