BBP babcock & brown power

There is only 1 question to be answered folks and I only want...

  1. 4,510 Posts.
    There is only 1 question to be answered folks and I only want replies on this question on this string.

    "Is BBP in breach of its banking covenants?" yes or no?

    If it is, heaven help you all.

    If it is not, well there is a chance they can make it.

    I have to say I had a truly MASSIVE LOL when I read the "longer-term work through option" comment. That to me means says they are scr3wed in the short term and are at therefore at the mercy of the banks. I am not sure where everyone has been of late, but anything at the mercy of the banks during the GFC is dog tucker. I hope this is not the case.

    I am not a holder, but I have certainly been through just about every hoop you can think of with both BNB and BBI, so I know this territory.

    Good luck holders.
 
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