BNB babcock & brown limited

debt facility, page-2

  1. 315 Posts.
    >Is there a possibility that BNB can go straight into
    > voluntary administration overnight?

    Yes, about the same probability of the Loch Ness monster, dropping from a UFO, hitting Elvis, causing him to cancel his comeback tour.

    I strongly suggest that you take a look at the Interim financial statements ... pay close attention to the cashflow analysis ...

    This is a vast and complex company. It is currently under reorganisation. Survival, in my view, is highly probable ...

    There are risks ... but the "failure mode" risk of massive asset writedowns seems very improbable.
 
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