I do agree with your logic, both from admin experience and personal as a borrower. But when I then think of Alan Bond and the rest of that story, there are always risks in both directions.
Notwithstanding, I do take some comfort from the funding.
Based on the information WE have, I don't think the deal would occur. ...but it did. Their DD will have been managed appropriately.
I think it is another plus that they have agreed to bring forward payments as well.
I hope that means that whenever a big announced would have been planned, that it could now come forward a similar amount.
Just have to wait and see.
UNS Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held