why is bbp more than bbi, page-20

I think BBI are being hit due to the"guilt by association" tag which is unfortunate.

I belive BNB will retrade Monday and this will provide an opportunity for anyone wishing to sell out of BNB or BBI to do so.

The fact BNb will open again tels me that the banks have negotiated to allow the company to continue trading while selling assets.

I simply see no point in the banks taking on the company to inevitable just sell off the assets.......however same could be said for AFG ABS MFS but didnt.

The issue is if BNB do not trade again BBI just may be put into a TH for an extended period until the legalities are worked out on legal relationship or and the restructure or options between BEPPA, BNB and BBI should BNB go into recievership.


Obviously noone wants their funds tied up in any suspension of trading for an extended period and I belive this is reflected in the SP of late.

Now this is not to say BNB fall over and BBI will go into a TH automatically.......but BBI management may not have a choice until they can get legal opinions on the outcome of BNB falling over should it do so.


Dont listen to me its just my views not professional advice.

FWIW if BNB come out of TH Monday I will be buying BBI