2009 the year of the bbi rebound, page-19

Melua, I cannot see a situation where BBI will be paying a a dividend until:

1. The corporate debt facility is completely paid off.

2. They have enough cashflow/surplus cash to be able to spend to maintain/expand their existing assets.

3. There is a possibility they may need to conserve cash to physically pay off their BEPPA rather than letting them convert into shares, esp if the share price stays low.


Keep up the posts Melua. You are making a great contribution. Happy to debate the issues with you.