prepare for speculation barrage

We should prepare for a media barrage.

If you are going to takeover a company. You can negotiate the debts like the BBIL debts with a discount. But as far as I understand, you do not need to pay them off in full. They just transfer to your books after takeover. The lenders sell debts could be use to claim as bad debts and for tax purpose for last year.

Who bought those debts will be very interesting.

If we can not sell the whole lot. Just sell some of our assets and trade on. With reduce debts and gearing. Our stock will rise as a result.

With our full year earnings of 288 millions and only trading at 6.4c is ridiculously cheap.