ann: dbct, page-19

I see this as positive reinforcement of the view that BBI are distancing themselves from BNB, having hired Macquarie to run the process.

A sale of DBCT at a good price will see the s.p. shoot up however this is a few months away at least and should not be the reason for the current price jump.

It seems that the prices of the NZ bonds, SPARCS, BBI and BEPPA all drag each other this way or that (and BBP's s.p. too for no real reason) - if BBI are buying back bonds on market this would be a positive sign however I'm still undecided if this current ramp up is justified, I'm not topping up yet as it will probably drop again before an asset sale is announced.