BBP babcock & brown power
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interest coverage

  1. SITM
    204 Posts.
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    24/08/09
    22:11
    Post #: 5549117
    Could someone explain to me why BBP is having trouble paying its interest bill - see recent ICR announcement.

    It is one thing to breach loan covs because your assets decline in value - but you should still be able to pay the interest on the loans.

    Did management mess up on the "bid case"?
    BBP Price at posting: 6.1¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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