BPC burns, philp & company limited

G'day Snuff, I think those days are gone. Settlement of the sale...

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    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
 
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