bad news if true, page-13

i believe the number 1 rumour that caused the initial smashing of the share price (aside from the results that is)to be the whole debt convenant issue. This was a rumour wasnt it - well ABC did deny they had breached so i assume it is a rumour. I agree with the whole leverage issue. People getting too excited about growth and the whole debt is cheaper than equity principle.



I wonder if this will impact the airline industry as i assume they are very heavily leveraged too??? Not sure if they hedge interest exposures or have fixed lease agreements??