BBW told us today they have sold 420 Megawatts of wind farms for 3.4 million per megawatt or $1.42B
They still have 2030 megawatts after sale. At this price that equates to 7 Billion worth of assetts.
There total debt prior to sale was $3.279B if they attribute the sale proceeds to reduce debt (say 1B) net debt= $2.8B
Share price 1.08 by 848 000 000 shares = Market cap $900m
Can anyone tell me why 7 billion worth of assets minus 2.8 billion debt = 4.2b equity yet market cap $900m why is it discounted to the tune of 3.3b!
BBW
babcock & brown wind partners group
BBW told us today they have sold 420 Megawatts of wind farms for...
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