PMP is looking to challenge Geon and Blue Star in the New Zealand sheetfed market following the $2.4m (NZ$3m) investment in the country's first 10-colour Heidelberg Speedmaster SM 102 with CutStar this was back in may
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PMP is looking to challenge Geon and Blue Star in the New Zealand sheetfed market following the $2.4m (NZ$3m) investment in the country's first 10-colour Heidelberg Speedmaster SM 102 with CutStar this was back in may
it appears the its only worth $16 million not $40 million
While the total number of bond holders was in decrease now 70 people (68 last year and 63 in 2008) hold 100,001+ bonds each, accounting for 39% of total bonds.
It seems that small bond holders tend to give up and large holders stick with, believing or hoping Blue Star would recover in the future.
For those who recently bought bonds at 20 cents there is little to worry about. Getting 20 cents back would not be difficult if Blue Star goes to receivership because writing off its intangible assets would still see assets = liability.
yet another print company bites the dust Goanna Print is the latest print company to fail
a wise man once told me if you sell a $1 for 95c you will go broke
Private Equity CHAMP (Blue Star Group's ultimate parent) sold "Study Group" in July 2010 for $660 m. It was bought in September 2006 at $176 m.
Giving the stabilisation of economy and printing business in Australia and NZ, I would think the chance of getting money back from BLU020 bonds is definitely greater than winning a lottery. Indeed, the bonds are traded at $0.28 today, compaed with $0.18 a few weeks ago!