BBP 0.00% 9.5¢ babcock & brown power

net asset backing..., page-14

  1. 1,464 Posts.
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    To me this sell down of BBP is just ridicules; I mean this is a good company in my opinion; they are doing the best they can by selling power stations to pay off dept.

    What would the share price be now if they had not sold the power station in Tasmania?
    I thought that is what we all wanted, so they got $42million less for it well I think yesterdays and today�fs share price falls have wept more than that from the value of the company!? I just can�ft believe what I am seeing.

    In my opinion shorters are taking advantage of the market conditions and by selling large amounts of share are coursing a panic in the market; this is still the same company it was last week! In all truthfulness I don�ft know where BBP is headed because I thought that this was oversold yesterday.
 
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Currently unlisted public company.

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