To be fair to BLY management, it was actually Macquarie, by pulling the: privatise, pump it up with massive debt, extract fees and equity cash, then re-list it loaded to the gunnels with borrowings, trick wot did in BLY.
There are any number of companies and trusts around the world choking on that particularly cynical strategy, at the moment.
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- absolutely shameful
To be fair to BLY management, it was actually Macquarie, by...
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