probably CBA saw the writing on the wall and wanted to get its money back before any other unsecured creditors, especially to get in ahead of ZFB's put option, which BWX had no way to fund.
BWX digital had about $32mm revenue if i remember correctly? if they sold it could be on a multiple of anywhere between 0.5 - 0.8x revenue, so maybe CBA got back 16-25m of their ~100m liabilities. still a long way to go to be fully repaid though. hopefully the rest of the business is worth over $100m to someone
- Forums
- ASX - By Stock
- BWX
- Ann: Business Update
Ann: Business Update, page-39
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)