That still doesn't account for where all the money went from boom times. Petrol prices in the US were still cheap compared to the rest of the world.
Like i said, i think it's a bit of ...cry poor and get free $$$$$
That still doesn't account for where all the money went from boom times. Petrol prices in the US were still cheap compared to the rest of the world.
Like i said, i think it's a bit of ...cry poor and get free $$$$$
If only we knew as much about BBI as we do about the problems in the US economy.
I notice that BEPPA has started to fall back a little in later trade.
Some problems started emerging when petrol prices rocketed and people started seeking out smaller more efficient cars (again usually from Asia). American car makers have traditionally made larger, family cars, trucks, 4wds, etc. They then had to play catch up by making cars that consumers wanted. Then the GFC hit and they could no longer rely on the buyers who were only buying because of cheap credit.
The company is paying out more in distributions than it makes.
Since the company is paying out all profits and thus does not reinvest anything back in the business.
Funny that!
Now tell us something new. Why on earth would company directors not own Gazilions of shares and pay themselves good money? We all know that when a company goes belly-up and there is no money left to pay creditors, the share holders get zilch, so those directors have to get that money into their family trusts before belly-up day comes!
Just telling it like it is!
Banksa
When DBCT is shown in that light, it's almost a shame to sell it.
Perhaps a 50%sale of DBCT and some bits and pieces of other assets would be better for BBI's long term future?
The asset is fully regulated by the Queensland Competition Authority and the contracts with mining companies are "take or pay". With demand apparently double DBCT's current capacity, it's irrelevant at the moment, but the mining companies need to pay the same amount whether they use the terminal or not.[/I]
How exactly does "take or pay" work?
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