G'day Snuff, I think those days are gone. Settlement of the sale I think is end of month. This company is now being accumulated as blue-chip by funds and others. The major obstacle was the gearing level. Nothing is certain in life but the days below 70c are over as far as I can see.
I am surprised that only 90mill will be used from proceeds of sale to repay debt. What will they do with the rest of the 1.26bill??? ANy ideas
BPC
burns, philp & company limited