BBI babcock & brown infrastructure group

sparcs conversion figures due on friday, page-45

  1. 4,510 Posts.
    The 20 day VWAP period starts on 20 April. One day of trades would not make a big difference, although if they bought large volumes it would definitely affect your weighted average, especially is someone sold them back and forth to one another in large quantities at a reasonable price.

    Still, the chances of BNB and DB organising anything like that would be completely NIL. And I suspect DB has completely sold out now anyhow, given the very large volumes the last 2 weeks.

    The comment above that the long term health of BBi should outwiegh any short term actions is absolutely spot on. However, whether that will stop traders making a quite buck by converting their SPARCS into shares and dumping the shares, well let's hope that is not the case.

    'Nostradargie' - nice touch otakou. Happy to be of service to all posters on this string. I know the workings of these bonds pretty well.
 
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