According to ABN Amro, the interest expense for 2009/10 will be $293M and that assumes no increase in margin when the banks look at their options. You only have to do the sums. It's not pretty. Downgrade after downgrade on a business that should be a steady consistent performer. Management have a lot to answer for and the CEO's salary package (in light of the company's performance) is highway robbery. I hold a few and if I'm wrong well and good but I am not hopeful. There is nothing we can do now anyway but wait.
BBP Price at posting:
10.0¢ Sentiment: Sell Disclosure: Held