BBI 0.00% $3.98 babcock & brown infrastructure group

today's meeting, page-32

  1. 14,880 Posts.
    lightbulb Created with Sketch. 479
    GeorgeNZ said : "So, if nothing has materially changed why the sudden suspension in the dividend?"

    George,
    It's the global credit freeze. If you had a business and generated 240M profit to distribute to shareholders but had the ability to reduce debt, wouldn't you suspend the dividend and pay down debt?
    I agree they probably should have said a month earlier that it was on the cards that the dividend could be suspended. They didn't handle that well I admit and that caused a shock with a certain analyst. His SELL then started a snowball.
    It was the prudent thing to do. I agree with the decision 100%.
 
watchlist Created with Sketch. Add BBI (ASX) to my watchlist

Currently unlisted public company.

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