bbi cap raise? - afr, page-107

well pete, I would prefer then for BBI to keep their PD Ports position and not wipe out their equity. They would be better off to sell something else.

Wiping out equity for the sake of losing asset level debt isn't going to help anyone. They may as well keep it, esp as you say the new Tesco terminal opens later in the year.

They need to sell DBCT, or get some sort of restructuring/rights issue together, maybe even both of these. The big problem is getting the prefs situation sorted.