NAV is AFTER debt. Cash flow as per the October Investor Pack more than covers debt interest. The October investor Pack is an essential read. 75% of total income is regulated. Amazing assets, protected by regulation. They are cash cows with protection. DBCT is an asset that does not come up for sale often. It will attract a very good price above book value as the potential buyers know this is probably their only chance to acquire an asset of this quality. We know there are multiple serious buyers for DBCT. It is just a matter of time before a sale is confirmed. Once that happens, BBI are safe from administration and I don't think you will be buying BBI under 10c.
BBI Price at posting:
2.8¢ Sentiment: LT Buy Disclosure: Held
