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0.00% $3.98 babcock & brown infrastructure group

bbi cap raise? - afr, page-101

  1. dargie
    4,510 Posts.
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    07/07/09
    15:18
    Post #: 5365338
    I fail to see how selling PD Ports for just above debt outstanding can be a positive result for BBI?

    The more assets they sell off simply to repay debt and not return any equity, then surely the interest cover on the corporate debt is diminished. That's not what I would call good news myself.
    BBI Price at posting: 6.6¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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