Thanks jdarko, great post,in regards to your understanding of the BBI's boards intentions
"the sparcs and corporate debt this was my understanding from the BBI board briefs on how the monies would be spent. $ Mill Proceeds Powerco sale 350 Funds suspension of Divs 237 Payment for bal stake west net -80 Net proceeds available to pay down debt 507 mill
Use of funds Extinguish corporate bridge facility 100 due feb 2009 Extinguish corporate UK revoloving facil 202 due feb 2010 extinguish corporate NZ revolving facil 110 due Dec 2011
balance fund available $95 mill
plus 35 million Euro eurports deal. corporate level debt is gone."
In your opinion,If the above is indeed correct, and goes according to plan,does this leave BBI with the opportunity of fy 2010 a dividend might be reinstated ?
IMHO dividend reinstatement is the key to instos buying and subsequent sp rise,which then makes BEPPA in 2012 less of an issue.
Regarding bundi rum ,i always called it my bad friend. I loved its company, but it always got me into trouble.
I stick to good quality wine with excellent food these days,much smoother ride.
BBI Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held
