BCS 0.00% 40.0¢ brisconnections unit trusts

Ann: Trading Halt , page-4

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  1. 2,689 Posts.
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    I think only Macquarie and Deutche bank are biggest shareholders.

    They said private-public partnership has failed. I think the best way to work is government (could be even federal, State and council combined) offers to pay for interest on project debt for the first 2-5yrs depends on traffic picking up.

    In exchange, government gets free shares (eg 40% of shares). If you look at $65m/quarter interest payment, take that out of quarterly cash-flow BCS is making profit to cover cost and able to pay down debt slowly while waiting for traffic to pick up. Once debt is down, then govern sell off those free shares to recover interest paid.

    Alternatively, government can offer loan to BCS at interest-free for 2-5yrs in excahnge for free shares. If BCS collapse, creditor (ie govern) owns the project and wait for traffic to pick up, then sell the project off once in good profit.
 
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