Happy to hold at avg 40c.
There is no specific time frame on the reduction of gearing levels - overall it's manageable.
NJ
“Babcock & Brown remains committed to reducing its corporate level gearing through an orderly asset sale process, " Mr Larkin said.
"There remains no specific time frame on the reduction of gearing levels and we will continue to seek to maximise returns from the asset sale process.”
http://www.businessspectator.com.au/bs.nsf/Article/Babcock--Brown-completes-Enersis-sale-LFQLU?OpenDocument
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- brought at 138 out at 30
BNB
babcock & brown limited
brought at 138 out at 30, page-7
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