With major Asset sales BBI will most likely pay off the vast majority of its bank debt which is due over the next 3 years.
After this they will still leave a fair amount of money to pay of SPARCS & BEPPA together which will restore a lot of faith but they will not reinstate divs till they are earning stronger profits, but at this time the sp will reflect the faith that traders have in BBI even though no divs will be paid out. So the price should be quite good. This will only happen though if sometime horrendous does not happen to them.
BBI Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
