Bought another 300,000 BEPPA this morning. If the total writedowns are less than $1Bn, that is about $500M better than my worst case scenario and one would think the Jan 1 - Jun 30 period would have been the worst of the GFC.
NAV would appear to be circa 54c now.
BEPPA: Strong BUY
BBI: Long Term BUY (on a restructured basis)
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