i say they HAVE received offers for the company, but these were low ball (20-30c, or 140-210 million nta)
the key issues are trust...they ARE making money, ebitda of 405-415 is great, and should improve next financial year
the banks would be shooting themselves in the foot - they already pay circa 9% interest margin on their loan...we just need one half of the portfolio to be sold for a decent price
the majority of their portfolio are GAS fired stations, the energy of the future
BBP Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
