The financials produced on friday were awful.
2 big loans....bbpf and bnb loan
falling revenue to 262m ebitda
It would be highly unlikely that the bnb administrators will extend the bnb 398m loan beyond march 2010...and interest is acruing
i think this loan is the most problematic...
i think bbp should sell braemar and oakey to agl/origin....they might be able to fully pay off the bnb loan from proceeds of this sale, and both have the cash
why the heck this rallied on results last week is beyond me
what bbp need to do
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