The problem is Becton want to recapitalise, they told the market that. And Directors interests are not aligned with shareholders as they do not own enough shares (Matthew with ~$1500), their interests are in getting their $500,000+ p.a. salaries.
So if things do pick up and value is returned to the balance sheet through revaluations the first thing they are going to do is to recapitalise, most likely at a discount to the current market price. I maintain that Becton ordinaries are not worth buying until after a recap has been priced and completed.
I did notice that comment on note interest Ferryman, I think it was a ploy intended to scare noteholders and make them think they got a good deal when they really got royally screwed. Made it easier to get the vote through the first time.
- Forums
- ASX - By Stock
- BEC
- more good news
more good news, page-9
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)