This is all a bank caused problem. It is the bankers who are stuffing up, not BBI. If the silly bankers try to be smart arses they will end up backing themselves over a cliff. Interest cover is very good and these BBI assets are utilities. If the bankers dont think thats good enough, what would be? Better give up the business, bankers and find youself a nice park bench and some old newspapers. Maccas is hiring. The Norwegian government is very interested in Teesports by the way. They have been dropping hints for a long time. Poor Australian retirees. Do the right thing all those years scrimp save and invest in utilities and then what?
BBI Price at posting:
2.8¢ Sentiment: None Disclosure: Held
