Three Australian companies have collapsed within 24 hours amid a chilling warning that a wave of insolvencies across the country could be worse than during the global financial crisis of 2008.
Some of the issues causing the failures of those companies (amongst others):
multiple adverse economic factors including bad weather, project issues, trouble finding workers and cost pressures.
What exact factors is BNL facing is partly subject to speculation, hinted at but even though unconfirmed, unfortunately has merit due to delays and not at all helped by director selling. Project issues sounds familiar. Sure hope BNL not to be added to a list such as above.
BNL Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
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