up 21 per cent today......, page-7

'think the fees were performance based and BEC hasnt performed so doubt it will change revenue much'

I think BEC also said that they're waiving fees at the moment, so it's the possible future potential that they would be worried about losing?

This move seems quite opportunistic, and if all Century can offer is the prospect of lower Bank interest and charges BEC may be able to hang in there.

On the other hand, if there are any re-cap possibilities around, this should flush them out.

I think what's spooked the sp is the thought that Century's move may scotch a re-cap, and public discussion about the possibility of BEC going bust.

Perhaps keep a very close watch on the notes. If there's a debacle they could fall, say, to the 20s, where I thin it could be worth picking a few up.