babcock on a tightrope, with net, page-5

Hi Stocks168,

I just checked my post, sorry that was a typo. That should be 4.0c Average (not 40c.)

I first bought BBP on 27th May 08, for $1.13 but didn’t hold them, sold them once opportunity came in June.

Since then I am monitoring this stock everyday. Bought and sold few more times in between :-)

With present situation, I got a felling that it may go down further (2.4 or even 2 c) with the bad news from BNB. I’ll top up as much as I can that time & will wait for takeover offer to come, which most of the people here agreed will be at least 20c P/S.

But for that we need patience ………. Which most of us don’t have …..

The link you gave us this afternoon, it says

“Ben Bolot, Jason Steed and two other former Babcock&Brown and Babcock&Brown satellite staff have joined forces to set up corporate advisory group Minerva Partners, which is currently working with UBS on Babcock&Brown Power asset sales”


Doesn’t it look like they are quite desperate for the sale? Good luck to all holders.

Again these are my views only, Please DYOR & patience