It's good too see that BSL is no longer the centre of attention of man and his dog. For the long term holders watch out for the following signs that will indicate potential bankruptcy or cessation of Aussie operations. 1. Loss of customers, or not winning new contracts. 2. Massive writedowns - already happened 3. Massive job cuts - already happened. 4. Asset sales to cover interest on debt. 5. Forclosure - Banking syndicates are owed a massive $1.35 billion. 6. The end!
The next major indicator is asset sales whether in Aussie or overseas once this happens you know the end is nigh. 1st $650M of debt is due in 2013. Can they/ will they refinance? Will the banks let them?
BSL Price at posting:
72.8¢ Sentiment: None Disclosure: Held
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