agree apples...they just need to buy some more time, but its up to the banks now to allow them that time.......
ebitda guidance FY09 405-415 million, with normailised guidance down 260-270 million....therefore more cash flows due to release from onerous provisions
as i take it, this increase ebitda from the accounting side should be enough to keep the banks happy but the ball is in their court........this is a business that is still making money, and 400million plus should be more than enough to cover future interest
BBP Price at posting:
10.0¢ Sentiment: None Disclosure: Held