babcocks slippery slope, page-37

Hahaha..

no offense lp2 but I really doubt more than 30% of the people in BNB will even consider pulling out at these prices.

Those 30% of the people are probably the ones that don't understand their sponsored assets well enough either.

I have no current position in BNB but at these extremely low prices, I may consider changing my mind.

I think you need to look at some fundamentals and in the business of project finance, probably, the simplest fundamental to look at is the ability of the assets to provide sustainable cash flows.

Yes, 50% of the drop in price from $16 to $8 is probably warranted given the revaluation of REITs (which have been hammered in Northern America and Europe and possibly further in Australia) but any further drop in my opinion has to be due purely to market uncertainty and jittery investors.

Agree with the comment above that Macquarie personnel are probably laughing. Macquarie in this regards understood the fundamental theory of risk management - diversification of income generators.