BBP BNB

Ann: Renegotiation of Terms of Babcock and Brown , page-3

  1. Bandalup2
    1,134 Posts.
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    26/02/09
    16:20
    Post #: 4843575
    re: Ann: Renegotiation of Terms of Babcock an... Depends if you see the glass half empty or half full!

    If you're a pessimist - BBP can't pay or banks won't lend more/rollover so is seeking to buy time until it can.

    If you're an optimist - BNB (and BNB's bankers) see BBP as a low credit risk (risk of default) so are happy to extend the loan.

    Effectively a refinance though which is what the market wants.
    BBP Price at posting: 5.2¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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