this is going to affect the income of the trust. a margin of 7% is around 400bpts above normal so i expect revenue will be around 2m Euro lower. im guessing for the full year distributable income will be down to around $28m AUD, or around $0.05 pa. so im half expecting another cut in dists, however if they can confirm a div of $0.05 pa and $0.025 for December i will be happy.
all we need now so asset sales and the gearing will get reduced and then the price will start to recover. im also looking for a buy back to start at some point.
im also half expecting some more buying by the directors, the MD is seriously underwater on the buys at $0.27 so he will probably average down at some point.
when are the vulture funds going to start to have a hard look at this, i notice that Becton is talking to other players so there is pretty good chance that these players are also looking at AEZ.
AEZ Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
