bbi eps limited, page-17

The silence IS deafening...

It is plain as day for persistentone who has seen it all before and made the call that BAM would strip the assets and leave BBI as a shell to cope with the remaining reduced debt.

All the figures quoted wherever you look are as vague as can be yet allow all the possibilities to exist.

7b asset sales, now that IS an interesting one.

2.5b equity, a bit on the bright side.

1.5b cap raising, getting more realistic.

80% expansion DBCT, wow that sounds good (for this months purposes)

BBI's looked after with twists and turns (BNB do have a holding after all)

Beppas not a peep..... (debt is a four letter word)

Sparcs, standby while we arrange to force you ...bend..

The banks would have been very nervous post BNB, and were very dubious of BAM deal, hence my call that the banks were urging RBS to keep bidding. Banks have been finally bought IMHO, surprised ??.. what with...
Not a peep about RBS in April, "sales negotiations are continuing and we expect finalisation in two to three months." that is non-disclosure, no doubt about it.
Kendrew had to kick RBS out of way to give BAM a chance, that was his job interview process, now the nice salary.

RBS is still interested, **that is the amazing part.**

Nathan's call RBS have built a Beppa holding, not sure about that but if they have there is no reason to buy stock in BAM's placement. They don't need to :) or want to :)

RBS just kept the bastards honest, to a degree..

OOPS there goes PD PORTS, how did that slip out...

Hurry up, Holdco will send us into Administration and if that happens, more likely RBS offer gets up. At least Administration will disclose the deal terms before it is all sold company pre-pack.

RBS offer needed negotiating not slamming, sit next to Sparcs, not on top of them. ~93m of Sparcs left, not a big problem.
Beppas can be forced to convert now at whatever rate BBI thinks fit to provide room for RBS debt/equity ratio. (30-40% value now and then buy them back on market over next five+ years for peanuts) No mass conversion in 2012 at BBI discretion, staggered instead, promotes buyback on market. No legal problems, no votes, locked up and shut up. Capital saved at least 30-40 % absolute minimum. Very minimal BBI dilution.
Assets not sold at GFC prices, cashflow intact, 500m from RBS and still have 500m Insto Placement and 200m SPP = 1.2b cap raising and all assets saved for another day post GFC.

Instos are saying of BAM deal, "but you don't have 100% ownership of your main assets, why should we put in for BAM deal.? AIO own 100% of theirs, they are the better positioned investment in your field... what have you been doing ??

The less insto money that comes in, the more sales there will be SOONER rather than later and the less likely the money DOES come in when the placements are made.

Just wondering when the 7b sales (to BAM) ticks over and what they will be..

best of luck to all holders

ifandwhen