beppa facts

The simple fact is that right now, the NAV of BBI is roughly $2.4Bn. That includes a book value of 1.9Bn for DBCT. If we plug in a sale price of $2.7Bn for DBCT, an additional $800M hits the NAV. That brings it to $3.2Bn.
For BEPPA holders to receive nothing in administration liquidation, there has to be impairment of $4Bn over all their assets. On my figures, I just cannot see where impairment would come to anything like $4Bn.
BBI can take a hit on Euroports, PD Ports and Westnet Rail and still have enough equity for BBI holders and BEPPA holders. Remember, BEPPA holders receive $1.04+ interest before BBI holders receive one cent.

Dubrovnik is just magic at this time of year. macrae12fluffynymphselect, you should get here one day. Broaden your horizons good buddy.