They often call selling roadkill on the stock market as offering a share shouldn’t be better called a dead or dying parrot. Remember Howard’s 2nd tranche of Telstra shares?
The giant coal port Dalrymple Bay is up for sale. The financial engineering wizards from Brookfield want out. Brookfield’s debt is humungous, and green hydrogen is looming as a mortal threat to coking coal. They can’t offload it to professional investors, so they are now targeting the mums and dads for a float on the ASX, while even angling for a bail-out by the Queensland Government. Michael West reports on one of the trickiest financial juggling acts you will ever see.Desperate Dalrymple: Brookfield dumps coal port on mums and dads in ASX float as Queensland moots bail-out – Michael West