uk cuts rates by 150bpts ecb to follow, page-2

A reduction in the interest from the incredibly crappy deal they needed to take on their working capital helps a bit, but the extra interest they are paying is WAY more of a negative than the small increase they get from rent.

To be honest though, they did say not long ago 'we are confident we will return 6.11 cents a year as a MINIMUM'.

But I did sell my shares in these guys because I have no idea how to judge what is happening in some shopping center in the back waters of Europe. Will they suddenly end up at 90% occupancy with lower rent. Will the property values fall 20% causing other Banks to screw them.

I love how the Royal Bank of Screwland did their best to put the screws in.

Did you read the terms of the loan. The Bank even gets .25% on the money they DONT lend. Ha, ha. How would you like to borrow 30k for a car and the bank says after you have paid it off, you need to still pay interest on the part you paid off.

The fact the directors needed to take such a screw job tells me that it it pretty darn tough out their on the streets and any weakness shown will have banks closing doors and enforcing covenants at the drop of a hat.