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They gave the green light, but only if the board agreed to suspend the final dividend to shareholders. It did.
Playing the stock market has it's ups and downs. Shareholders should not be paid out at the expense of everything else, so, I entirely think it was a fair decision by the board. How can debentures be paid out anyway if the company is running with a loss on the table. Albeit the loss is on the profits from the year before and by all accounts the year before too.
It annoys me when people who play the stock market complain because they don't get paid out if a company goes bust e.g banks. They seem quite happy with the risks when they are in their favour but not when they aren't. IMO you should never put money into stocks & shares unless you can afford to loose it.
It would appear even with the overdraft facility still in place they are going to struggle. Unless of course the whole country has to go WAV and pretty damn soon and of course providing they have a suitable vehicle. The dft consultation could be a miracle in disguise for companies like this one
