time to jump aboard

The Sale of the funds management business may well be the catalyst we have all been waiting for and open up the real potential in BEC

BEC made its name as one of the premier developers in the 90s , devloping a host of residential , student accomodation, office, shoppingcentre, and aged care developments accross the country.

The debt overhanging the business has been amplified by the funds business, and I expect the banks will now be at peace to support the core businesses .

The assets that it held within its own funds are now closer to cash , and gives the company greater options to reduce debt , pay back the notes in alternative ways, makes it a takeout target , and progress at a faster pace with project held in its land banks.

Today we might see weakness , but the reality in my opinion is that this move is fantastic for shareholders that see the bigger picture.