Sorry Dis, but this is one of the sillier posts I have seen in a while.
Alot has changed from yesterday.
1. No Beppa Conversion. Provides more certainty around the fact that the name change/break from BNB management fees does not mean a conversion event.
2. No extra hidden writedowns. Big players would have been worried about further writedowns coming out of left field.
3. Westnet Rail buiness EBITDA up 10%. Great news for the transport buiness.
4. Further debt repayments made. They only need to find a few hundred million for debt this year. Partly paid from Cashflow, and the rest from asset sales.
These are only some of the points.
If you think nothing has changed, you don't understand the market very well. $35M in shares changed hands today and up 65% seems to back this up/
BBI Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
