Christmas Cheer? - Iv'e been using Barclay's Stock tools to pic out companies with higher levels of debt than BFC - just to see how many more companies are going bust.
Under the hammer are:
British Biofuels - 233% gearing
WPP - 240% gearing
Aviva - 2659% (2005)
BAE Systems - 532%
British Airways - 538%
No, they can' all be going bust! Surely?
BFC posted turnover for this year as 28million in a patchy year - no startup till nearly half way through the year and then with various techinical problems. This is a struggling seedling, but sometimes they grow the to be the strongest!