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0.00% $3.98 babcock & brown infrastructure group

annoucenment?, page-51

  1. melua
    14,880 Posts.
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    10/03/09
    12:14
    Post #: 4885019
    I think the answer to that is the banks are clearly in the driver's seat here. They have obviously told BBI all free cash flow is to go to paying corporate debt. They have the cash to pay out SPARCS so the fact that cash is not an option as per today's announcement tells us they under strict instructions from the banks.
    If ever one should be in BEPPA rather than BBI, today confirmed it.
    BBI Price at posting: 3.4¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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