Tag Archives: BrisConnections
BrisConnections Disconnenct Part X
A Mess Is A Mess Is A Mess After ASIC went and got the verdict it wanted against the Hardie board of directors, I’m sort of wondering when they will go after the financial engineers who engineered BrisConnections. Here’s the … Continue reading
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BrisConnectons Update
Auction Sees No Takers Are we even surprised? Troubled developer Brisconnections has failed to sell any of its defaulted partly paid units put up for auction. The manager of Brisbane’s Airport Link toll road had offered more than 70 per … Continue reading
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BrisConnection Blues… I Mean News
No.1: They’re Tunneling Work has begun on digging this tunnel. BrisConnections have announced the start of 24-hour tunnelling on the multi-billion dollar Airport Link and Northern Busway project. Two 15-metre long roadheaders – huge rock cutting machines – are underground … Continue reading
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BrisConnections News
Recycling Trash The defaulted BrisConnections securities are going to be packaged up and sold again. Nearly 280 million Brisconnections securities – more than 70 per cent of the group’s issued capital – will be auctioned next month after they were … Continue reading
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More BrisConnections News
Comfortably Dumb I missed this one by the way, what with all the excitement going on. THE BrisConnections debacle will make its Sydney courthouse debut this morning, where the banned company director Jim Byrnes will launch his $1.3 billion claim … Continue reading
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BrisConnections Chaos Continues
Mac Bank Earns World Of Trouble Of course it’s not going to help the sense of chaos that characterises the whole BrisConnections venture. Now, the second largest shareholder has decided to go for management control. The company’s second-largest shareholder, represented … Continue reading
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Nick Bolton Speaks
Nobody’s White Knight It was interesting while it lasted, but a man tends to look after his own interests first and Nick Bolton seems to fit the identikit of a classic corporate operator. Here’s an article in the SMH. “I … Continue reading
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BrisConnections Disconnect
Nick Bolton Sells Out It turns out that Nick Bolton sold out of his position in BrisConnections to the Leightons Group for the sum of $4.5m. The rebel shareholder who pushed for a meeting of unitholders that had been expected … Continue reading
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Today’s BrisConnection News
BrisConnections Underwriters Seek Payment Deal Ever since this circus started making headlines, I’ve been blogging this thing for fun. I have to confess I have no stake in any of this, except more amusement, which must make me a terrible … Continue reading
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More Interesting News For Business Types
The American Economy As Basketcase A couple of weeks ago, I did point out that oligarchies do have their merits in stabilising systems. They’re uncompetitive, and perhaps even anti-competitive, but a stable economy seems to be built on oligarchic sharing … Continue reading
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