Interest rates are plummeting worldwide so BBI's cost of debt should also start to fall.
On the subject of a shareholder vote to punt BNB as manager, I suspect its not that easy. Do we know for sure that there are no costs associated with voting BNB out as manager? Do BNB have preemptive rights over the assets? If it were as easy as a 50% vote surely there wouldn't be any reason to extend the review process?? Sounds like there's something in the management agreement we don't know about. And if BNB gets punted can BBI easily replace the management and admin structures currently performed by BNB?
Just my humble opinion, not investment bible.
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