Yes, but being in this market at all is a gamble, and we all try to mitigate the risk based on our views as predictions as to price, management, global factors, lending policies etc. Globally govnerments are committeed to increasing lending and liquidity and that must make it more likely than it was say 2 months ago that BNB will be able to achieve funding.
It will of course pay a premium over base rates, commesurate with risk, but the collective companies also have an interest in ensuring that it is funded to allow orderly partial sale of assets and full repayment of any financing.
It is looking to be a company with 1/2 it staff, so about 600 staff and substantial infratructure assets. That will still leave a good company. In comparision, there are many specs currently who would not get bridging type or any extra funding. BNB now has till Feb to make progress and if you view is, as mine is, that they are more likely than not to do so, then it is a good gamble. No-one got rich but buying at the top and this may just be a chance to do well from the bottom.
- Forums
- ASX - By Stock
- BNB
- to those that were brave enough
BNB
babcock & brown limited
to those that were brave enough, page-7
Featured News
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.
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online