{"id":8105,"date":"2009-05-17T17:20:26","date_gmt":"2009-05-18T00:20:26","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=8105"},"modified":"2009-05-18T08:11:08","modified_gmt":"2009-05-18T15:11:08","slug":"billabong-goes-to-market-blames-america","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=8105","title":{"rendered":"Billabong Goes To Market, Blames America"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/01\/billabong-log.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/01\/billabong-log.jpg','popup','width=202,height=120,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/05\/billabong-log-tm1.jpg\" height=\"118\" width=\"200\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Billabong-Log\" \/><\/a>Looks like <strong><a href=\"http:\/\/www.boardistan.com\/?p=8013\" target=\"_blank\">analysts were right both ways<\/a><\/strong> when they guessed last week that <strong><a href=\"http:\/\/www.billabong.com\/\" target=\"_blank\">Billabong<\/a><\/strong> was either looking to raise more money or going to announce a lower profit outlook thanks to the flailing American clothing market, according to a stories on <strong><a href=\"http:\/\/www.reuters.com\/article\/rbssConsumerGoodsAndRetailNews\/idUSSYU00654320090517\" target=\"_blank\">Reuters<\/a><\/strong>, <a href=\"http:\/\/www.theaustralian.news.com.au\/story\/0,25197,25503468-643,00.html\" target=\"_blank\">The Australian<\/a> and <strong><em><a href=\"http:\/\/business.smh.com.au\/business\/american-wipeout-bruises-billabong-20090518-bcq2.html\" target=\"_blank\">The Sydney Morning Herald<\/a><\/em><\/strong>.<\/p>\n<blockquote><p>Australian surfwear retailer Billabong International (BBG.AX) is looking to raise A$290 million ($217.6 million) to pay down debt, with a share sale priced at a 29 percent discount to its last trade. . . Billabong said on Monday it was raising the money through a fully underwritten 2-for-11 rights offer to institutions, at A$7.50 a share, worth A$200 million, and a matching offer to retail shareholders, which would raise up to A$90 million. . . The company has adopted a six-month freeze on hiring new staff across all markets and will not replace staff who leave the company. <\/p><\/blockquote>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.reuters.com\/article\/rbssConsumerGoodsAndRetailNews\/idUSSYU00654320090517\" target=\"_blank\">Reuters<\/a><\/strong> and <strong><a href=\"http:\/\/www.theaustralian.news.com.au\/story\/0,25197,25503468-643,00.html\" target=\"_blank\">The Australian<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looks like analysts were right both ways when they guessed last week that Billabong was either looking to raise more money or going to announce a lower profit outlook thanks to the flailing American clothing market, according to a stories on Reuters, The Australian and The Sydney Morning Herald. Australian surfwear retailer Billabong International (BBG.AX) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/8105"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8105"}],"version-history":[{"count":4,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/8105\/revisions"}],"predecessor-version":[{"id":8124,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/8105\/revisions\/8124"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8105"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}