BBP 0.00% 9.5¢ babcock & brown power

talked to bbp, page-6

  1. 738 Posts.
    I think that BBP have talked to the banks....there are 2 things that would have been addressed...

    1. their actual accounting ebitda has increased, which at present would NOT put them in breach of any debt covernants, when the deal finalises in June...they might look to a long term work through option (imo they already pay 9% interest on their loans to the baks, but this would buy them time to realise greater value

    2. they HAVE recieved offers for the company, but they are well short of their NTA....should the banks not come up to the plate, they will announce a full or partial sale of the company asap, in consultation with the banks..this would result in lower value realised to shareholders

    Just my opinion, so cheers to all and all the best for tmw
 
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