Phil Green used to sell stuff at Paddy's market
the thinking is "ok what is there out there that people would love to buy?"
candles, gozelum, plants...anything green and makes money railways, wind farms
they also need to appear to make money
trouble is these things cost a lot of money
next step where will I get it?
I'll borrow from the banks. As long as I can make the payment on time I'll be ok
Quick sale blown by complications
Back
Date: 15/9/2008
Author: Danny John
Source: The Sydney Morning Herald --- Page: 21
Australian-listed investment banking and infrastructure funds management firmBabcock & Brown (B&B) is suffering delays in planned asset sales. Tohelp it service debts of $A3.6bn, the company is divesting several wind powergeneration ventures in Europe. However, it is now unlikely to be able toannounce the sale of even the first of these assets before the third quarter2008 is over. Part of the complications encountered relates to the separateoffloading by satellite fund B&B Wind Partners of parts of its portfolio. On12 September 2008 B&B stock closed $A0.10 lower at $A1.90
OLD HABITS DIEHARD.
It's back to paddy's market, I guess.
BNB
babcock & brown limited
