BPC burns, philp & company limited

fire sale!!!

  1. 3,941 Posts.
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    Given the pattern of asset disposals in recent times by this co one can not help conclude that it's like a quasi
    fire sale/liquidation but the only difference here is that it's being handled internally

    the liquidation u have when u don't have a liquidation

    mgmt want to get debt down to 240m from current level
    of just over 300m but i stand to be corrected
    read the red stuff down the bottom

    i don't hold any stock in Arl and frankly can't care much
    for it's future of which at this rate seems like deminishing if the banks keep exerting pressure to sell assets in order to meet repayments
 
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