BWP TRUST FY2020 DISTRIBUTION GUIDANCE WITHDRAWAL
The Board of BWP Management Limited, the responsible entity for the BWP Trust (“BWP” or the
“Trust”), announced today that, given the uncertainty in relation to the duration and impact of the
COVID-19 pandemic, it is appropriate to withdraw its distribution guidance for the financial year
ending 30 June 2020.
Additionally, any forward-looking statements are withdrawn.
BWP’s balance sheet and debt position continues to remain robust and the Trust is well-positioned
with $129 million of cash and committed undrawn bank facilities available and gearing levels of
18.0 per cent as at 31 December 2019. BWP has no debt maturing in the next 12 months, with the
next facility maturing on 30 April 2022.
BWP’s Managing Director, Michael Wedgwood said “As the impacts of the COVID-19 pandemic
continue to escalate across our community and economy, we are acting swiftly, to not only protect
our employees and stakeholders, but to ensure our business is financially robust, for what could be a
sustained period of disruption”.
We will continue to provide updates as and when appropriate.
courtesy of Bell Direct
( DYOR )
i hold BWP
will this trigger a top-up opportunity
about $2.20 would have me reaching for my calculator ( but am guessing my target price would not be above $2 )