Heard today NHC has around $50M loaned to BCB and previous rumours of NHC taking a look under the hood at BCB at the time of the $300M deal being done. Wondering if there is something at play here especially when you look at BCB's share price tumbling with debt concerns. As I pointed out in the BCB thread, the volume is huge suggesting it's not retail holders selling and BUYING. The money spent for buying would have some strategy around it to consider the risk of BCB going into administration. Just imagine the discussions sought for capital spend approval to purchase stock in BCB given the recent SP performance and debt concerns. Maybe it's NHC taking a bite?
NHC Price at posting:
$4.25 Sentiment: Hold Disclosure: Held
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