It sounds like the performance fee cash is staying with JBL until shareholders vote, if they ever do, with JBL paying 11.5% interest in the meantime. I do wonder what JBL's capacity to pay is given the need for them to be loaning money from BHD and HML? I haven't looked at the JBL accounts - well I couldn't anyway, they haven't been released haha.
I thought this was interesting but to be honest I'm not entirely sure how these things work
"Returns over 9%pa. on the banknotes are retained by JBFX as a fee for trading the banknotes on behalf of the Company."
Does that mean JBFX get a free kick on the returns while BHD shareholders where all of the currency risk for just 9%pa?
BHD Price at posting:
71.0¢ Sentiment: Sell Disclosure: Held
