Based on the fact that an infrastructure company like BBI, that has high debt but fairly reliable income stream, is expected to have a div yield of around 8%,....maybe 9% in this market.Then given BBI's present circumstances of a fairly well protected diverse multi currency income stream with a current yield close to 18% , you would have to conclude that the sp should rise to close to double what it is now.Unfortunately the market has seriously overreacted to debt funded infrastructure companies. As more investors become aware of BBI's longterm prospects the sp should rise. Obviously somebody has figured it out and has been accumulating large volumes recently. I couldnt resist myself and picked some more up at 70cents.
Occam
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Currently unlisted public company.
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