BBP
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0.00% 9.5¢ babcock & brown power

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  1. apples
    5,569 Posts.
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    14/12/09
    08:39
    Post #: 6038700

    Banks do not want to own and administer power stations....BANKS ARE MONEY LENDERS...

    BBP's stable cash flow are the reason the banks will probably cut a deal and also the reason to invest one's hard-earned in an anticipated debt restructure.

    BTW.. even if the the Rudd ETS legislation had passed, BBP would have been compensated.

    Also the Babcock and Brown International debt for equity deal suggests strongly that BBP is close to finalising a debt restructure.Shareholders will be asked to vote on this on Friday it seems.
    BBP Price at posting: 7.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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