Management have stated, on numerous times, that they have recieved offers for the business, either in full or in part
But they keep on raising the possibility of a long term work through as an option
I would have thought that, by now, offers would have been put to shareholders on what others thought the business was worth
It is hard to see them continuing when interest payed will be much higher as a result of failure to obtain an investment grade rating in early June, in that the banks will demand a greater pound of flesh
So, where to from here??? I was holding until recently, having been stopped out...i like their assets, but they are crippled by their interest payments....management imo should bite the bullet and sell half or all of the business
Offers were received late last year...why haven't we been told what they were yet...it is half a year now
BBP Price at posting:
8.0¢ Sentiment: None Disclosure: Not Held
