BBP 0.00% 9.5¢ babcock & brown power

massive volume, page-9

  1. 738 Posts.
    unusual announcement....they are saying that they are aware of debt covenant breaches (so is everyone else) but are in talks with the banks on what this means for bbp....the bank syndicate review of debt also triggers a review of bnb debt......i don't know about all this, i think the banks might do a debt for equity swap and punk shareholders, i pulled out at 8c average, after having bought from a very low base

    i think a takeover might still be on the cards, but it has been an awful long time....they toured the facilities early in the year

    i think management have heaps to answer for.....with all the debacles last year and with profit downgrades.....fancy reducing your earnings during the hottest summer for many a year, and i don't buy their excuses of unusual weather patterns

    I sincerely wish everyone all the best, i think that a takeover might be in the wings but management need to GET ON WITH IT but i am out for now
 
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