BBI babcock & brown infrastructure group
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massive wall being built, page-44

  1. dargie
    4,510 Posts.
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    03/08/09
    12:32
    Post #: 5461827
    They most certainly need asset sales to survive.

    If they do not pay off their corporate debt due in Feb 2010 of 85M pounds, then they will go into covenant breach.

    Cashflow will not be enough to raise this amount. Especially as the sweep facility only allows them to hold A$50M in cash.
    BBI Price at posting: 7.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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