>what do you mean it bpp fault .. bbp share holder want to >get rid of the "management fee" that you are charging us.
BBP owes BBN $400million
The management fee is a completely different matter.
>In light of the company's large debt load and its
>dependence on the satellite stocks for some 90% of its >income a comeback from here is unlikely, though possible. >What is highly improbable is survival in the medium term
Have you actually looked at the latest accounts for BBN, BBI, BBP, BBW and even the smaller listed and soon to be unlisted units? I have ... I have spent the better part of a week trying to understand the structure and the pain points.
I rate the disclosure in these financials as being very high quality. However, the structures are very complex.
One thing is certain ... the Aussie financial journalists DO NOT HAVE A CLUE. I would strongly advise basic first principles research on these companies ... and not to parrot silly uninformed opinion.
BNB
babcock & brown limited
