to sirvive they need equity and dividend cut

Australia's 2nd biggest innvestment bank needs to act quickly now that they have just discovered a 15-40% loss....

with 46Billion in debt just in its listed funds, resent purchases still on its balance sheet, (angel and Dominion) falling asset prices and shareholder equity BNB need EQUITY and Fast... Managment need to act before 21st August, they also need to be seen, no more deals Green, stabilise what is there first before you move forward........

I think they will cut the diviend in BNB to Nil to preserve Capital in a market where asset prices are uncertain...If they can they should raise significant equity...If they dont a rating agency will downgrade them due to a plumetting asset/equity ratio, and if this happens the cost of debt will skyrocket..... The problem is Green and other own 40% so they dont want to sell, problem is if they dont they may end up with 40% of nothing

Further, if they dont raise equity and lower debt they will be seen as a forced seller of assets,,,,,,,, buyers dont pay premiums when they know the vendor is suffering, its better to wait till the banks forclose and they pick up the asset later much cheaper.....

That being said some of the listed funds may be a great play for a takeover as they seem to have the assets which are now in demand....BBW and BBI........

BNB doesnt have any suitors, MQG decided not to move as they thought it would trash their share price, private equity KKR has never been heard of since the bounce at 4.70 and quite frankly that much debt in this market is not sexy....

How else can they save it?