Anything that gets DM removed from the company would be a good...

First 54 Last

Share
Profile

Follow
nobaggage

581 Posts.

73

13/04/22

16:29

Post #: 60836414
Share

Originally posted by Janarran ↑

I don't see appointment of receivers as being a complete negative or necessarily an "end" of the company.

From the announcement:
"The Receivers were not appointed to any of BUD’s operating subsidiaries, as listed in Schedule 1 (“Subsidiaries”, and together with BUD, the “Group”, which are the primary operating entities within the Group. PFG has indicated it does not presently intend to take any enforcement action against the Subsidiaries.
In addition, PFG has provided BUD with a limited funding facility to allow the Group to continue to trade in the short term during the receivership period. It is the Receivers’ intention to draw down against this facility as and when required and to provide those funds to the Subsidiaries so that day-to-day obligations can be met at that level."

Furthermore,
"The Receivers will shortly commence a process seeking offers for a sale or recapitalisation of the Group (“Transaction Process”."

I believe that Receivership is probably our best hope to get the company out of the hands of the management that drove it into the ground, and potentially into a position, via sale of the group, into the hands of smart forward thinkers who can move the company forward again.

It may not work out that way, but at least it is a possibility. Way better to be in the hands of receivers, than the hands of liquidators.

I have a considerable holding of BUD shares, so I do have a vested interest in the company and in the discussion surrounding it. I'm a bit astonished to read so many posts suggesting that this is the complete and utter end. Maybe not! Chin up! This could be one of the best things that's happened to BUD in a while.

Expand

Anything that gets DM removed from the company would be a good thing.
Ex holder . Got out with a small profit long time ago when l realized DM was useless.
Hope existing holders havent taken too big a hit and they can keep things going. Long suffering holders deserve it.

BUD Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

As Nvidia cools, we're looking to Aussie AI

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

CBA breaks trading record on strong day for Aussie financials

There are more pages in this discussion • 79 more messages in this thread...

First 54 Last

Add BUD (ASX) to my watchlist

Anything that gets DM removed from the company would be a good...

Top Stories

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

As Nvidia cools, we're looking to Aussie AI

Shekel Brainweigh investor presentation webinar – the future of retail automation

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

CBA breaks trading record on strong day for Aussie financials

Featured News