OK. Summary:
BBI's businesses are all still on budget as of right now. They are not seeing any downgrading of earnings. ZERO downgrading and 75% of income is regulated. Whether a ship leaves Bowen with coal or without coal, BBI get full payment. Same with Euroports.
2. Sale of at least two assets at a very advanced stage. Multiple offers on the table for at least two assets. There is a CHOICE here guys. Rather than no buyers, there are multiple confirmed offers on the table.
3. Very little chance of BEPPA converting to BBI if BNB goes belly up. The "entity" housing the management rights is seperate from BNB and the only way that seperate entity goes broke is if BBI do not pay their management fees. Will not happen.
4. Banks are completely comfortable with the quality of assets but unoffocially would like to see corporate debt reduced a bit. BBI confirmed that corporate debt can be completely erased sooner rather than later if the assets sales are finalised.
BUY of the century guys.
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