BBP 0.00% 9.5¢ babcock & brown power

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  1. 1,503 Posts.
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    Paulie you stated:

    "The big difference is that BBP doesn't have the Sparcs or Beppa issue that BBI had. Beppa holders who purchased at the 8-15cent mark made a profit when it jumped to 40cents and Sparcs holders got paid out in full. All these payments took money away from ordinary holders. BBP is different."

    The reality is that BBI ords took money away from BEPPA & SPARCS as these were preference shares.
    BEPPA should have got $1+ before BBI got 0.000001c, but a deal was done to get the vote over the line.

    You are correct that BBP is different and I believe it is a lost cause - Great assets, poor management and heaps of debt creates a recipe for others to bleed it to death.
    I have followed BBP since the Alinta deal and exited my BBP holding many months ago due to lack of information by BBP management on one too many occasions.
    I wish all the best to holders.



 
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