BBG billabong international limited

Thanks Doctor.What I have been unable to understand is how...

  1. 116 Posts.
    lightbulb Created with Sketch. 3
    Thanks Doctor.

    What I have been unable to understand is how selling assets helps the shareholders. What you get from the asset sales will probably go to reduce debts, leaving shareholders in no better position. And if what assets you are left with (especially if it is mostly goodwill by then), are of no great value, SP can't get any better. SP will only improve if you sell some assets for more than what they are worth, which is difficult if you are conducting a fire sale with banks or creditors breathing down your neck. I hope this is not the scenario we are in, but I am not too confident.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.