Friday, Jun 20, 2008
Err, that's all right then....(?)
Times online: House builders rally on reports of Barratt loan agreement
House builders were the biggest risers in the FTSE 100 this morning after reports that Barratt Developments’ banks are willing to waive its loan covenants if the company were to breach them.
{probably had no other option - but to let then go to the wall...., which is likely to happen anyway}.
Posted by rental john @ 04:31 PM (221 views) Add Comment
1 Comment
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1. Ash4781 said...
"Experts have suggested that the company now looks to be operating on a private equity style high leverage model, that despite the risk, could lead to large shareholder gains"
lol