Day speculation aside Im not a big holder but Im quite satisfied with that result. Ok profit is down 25% but its still a profit and not a bad one.
The earner is mainly infastructure. Of course. Economics 101. In bad times infrastructure is the safest. People put off buying the car, the holiday, the new clothes but they still turn the heater on, use the roads and stay up late with all the lights on. Even if they dont they use the electric blanket.
BNB and BBI are quite defensive, especially BBI. If BNB can produce a result that good in an environment like this its OK. The banks? They are going to need solid clients like this to survive. Nice buying just now.
BNB coming to an end? Phooey.
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