No i havent missed any points your opinion mirrers mine and yes banks do not care what they lend money on but they do care about getting there money back.
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BRICKS, wtf are you talking about?
a) You have not offered 1 reason as to why you think RBD as cheap, and simply get defensive when anyone asks you a question
b) past business decisions, especially re capital mgmt/gearing/capex can have effects LONG into the future.
It's all very well saying ignore anything that doesn't help your story, but unfortunately you are offering very little in the way of value add.
nor should you.
BRICKS has been having a lovely time sniping away at the BARGAIN stock RBD of late but turnover is low KIWI`s don't want to lose there money and are holding on in hope of a TAKER OVER which could happen but its an income STOCK.. that's best and BRICKS has to soon return to OZ 4 FEB holiday almost over..
BRICKS, you are a real character. Fancy you winding up poor old JMKC. He took the bait.. LOL Classic!
Hope you had a good holiday Bricks but i think a take over is your only hope of making money with RBD. A dividend yeild of 7.23 in a share that has gone down in share value 24.54% in twelve months is not to good a look. I would say if they owned their premises and got their act into gear you might be right. However all they own is a name plus a few kitchen utensils which hardly makes it a bargain or a safe haven for anyones money especially looking at past performances. macdunk