The banks will be in a quandary and I think unlikely to want to apply the squeeze too hard... their security over assets means that they are relying not just on the value of the land, but also on the value of the vines themselves to cover the debt.
A quick sale of assets might be risky for them at this point. Would certainly have to be sold as a going concern vineyard to be able to cover the debt.
- Forums
- ASX - By Stock
- CWT
- cwt unit price falls
cwt unit price falls, page-5
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin