Bandalup, You need to understand the debt and security structure. It is not simply a case of reducing the debt to a managable position / gearing ratio as they have to pay BNB's $375m back and BNB only have second ranking security behind the banks. Thus if they were to manage to sell sufficient assets to reduce gearing ratios they then also have to convince the banks to allow them to pay back BNB ahead of them, that is no small task in the current market. Hopefully they are the same banks that are up the creek with BNB and therefore more inclined to agree.
I too think that a sale of Alinta is an absolute certainty, as this is the only retail business they have and is likely to attract a very high price.
Not concerned re the daily 2 cent movements these need to be put in context of a share which is meant to have a net asset backing well north of $1!
BBP Price at posting:
10.5¢ Sentiment: ST Buy Disclosure: Held
