trading fpara, page-4

With no final div, and nothing for 2010......and maybe even longer there is not much to be happy about that I can see.

Only good points are - Now safe from going under. Haier making a take over play.

Share price going to flat line until one of the two become possible.

I got my parcel which reduce my average price, now thinking about selling up and moving onto something else that will make money. The thought of leaving my money tied up here doing zip is not a nice thought. The market has really jumped this week.....except for this one, not even a slight bump.

Under the renegotiated debt facilities the Group is not
permitted to make distributions to shareholders until
the $235 million Amortising Facility has been repaid in
full and the Company has satisfied certain conditions
(including that the total leverage ratio is less than 3 times).
The Amortising Facility is scheduled to be repaid in full by
30 April 2010. Accordingly, there will be no final dividend
for the year ended 31 March 2009. The total dividend for
the year ended 31 March 2009 remains at 5 cents per
share (18 cents for the previous corresponding period),
being the amount of the interim dividend which was paid
on 19 December 2008.
The Directors do not expect to pay a dividend during
FY2010. Following the full repayment of the Amortising
Facility and provided the total leverage ratio is less
than 3 times, the Directors intend to reinstate dividend
payments at a time they consider prudent in light of the
Company’s profitability and balance sheet position.