"The Trusts major asset is a loan receivable from its co-stapled relative Babcock & Brown Power Limited (BBPL
or the Company) of $450,000,000. BBPT is therefore reliant on the continued solvency of BBPL to enable the
full loan receivable balance to be realised. The Directors have performed an assessment of the amount that BBPT
would recover from BBPL in the unlikely event of BBPL being required to realise its assets in a liquidation scenario.The range of likely outcomes will be more than sufficient to realise any outstanding obligations of BBPT both at 30 June 2009 and as forecast in the foreseeable future."
Please read the last sentence. Roughly equal to low 60c per share of debt to us.
- Forums
- ASX - By Stock
- AEJ
- alinta owe $450 milions to shareholders
alinta owe $450 milions to shareholders
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AEJ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online