2009 the year of the bbi rebound, page-10

Powerco sale is still subject to regulatory approvals. Nothing is 100% until the cleared funds are in the bank.

The BBI Board is independent now.
It is also in BNB's interest for BBI to prosper. BNB own 8% of BBI and they receive a fee for managing the assets.

Nothing is risk free and BBI has very real risks. It depends on what you think a fair discount to net asset value should be taking into account the risks.
Personally, I would have thought a discount to NAV should be in the order of 70% maximum. That would imply a fair price of 37c. (ie.30% of NAV $1.25). Others thought the discount should be 98% when it was trading at 3c.
Once the risks are significantly lessened (by asset sales and paying down corporate debt), the discount should be less than 50% in my opinion. From that, you can see my target price in 2009/10 is around 60c+ if "APR" is successfully implemented.