the underlying business in contracting is sound and if they make the cost cuts it will be very profitable .bdl have been spending far to much on the pcf r and d something they say is now been addressed .paterson ord valued bdl at .45 a share on the contracting business and hartleys had the contracting business valued at .47 a share.the commonwealth bank obviously wants some of the debt reduced .asset sales will go some way towards it but it looks like more is needed .a 1 for 4 at .15 would raise about 3.5 mil and that would be my guess . if they survive at all .wrongway
BDL Price at posting:
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