As I understand from the recent posts the preference dividend has not yet been suspended but is under review by the directors. However there is a fair deal of pressure coming from the institutions to continue paying it including threat of legal action.
I also understand the dividend is 10.175 cents which at current prices of say 74 cents makes a very attractive potential dividend of 13.75%.
With the share at pretty well rock bottom, the portential for this divi, and the Matrix about to hit the screens this one might be worth a punt.
Maybe someone can correct me if I have got it wrong
VRL Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Not Held
