all brokers say buy, page-9

to trade warrants you need to sign the warrant agreement form from e*trade. if there is no ask maybe ABN AMRO have stopped issuing them.

go to the ASX website and then type in the BBI code, you can then do a search on all of the ASX listed warrants. i suggest SFI's as they are the best for a buy and hold strategy.

The BBISZB were good because the BBI price had come down and the leverage on the SFI had increased. The SFI had a loan amount of $0.70 something and if you are paying $0.30 for the SFI your capital outlay is only $0.30 while you get maximum exposure to the price. If BBI goes bust you only lose the $0.30. All the divs BBI get each year reduce the loan.

A loan amount of $0.70 @9% will cost $0.063 pa in interest that would be added to the loan amount. The best part of this is that BBi pays $0.16 pa in divs. So each year the loan will go down by $0.16-$0.063= $0.097. So in around 5 yrs you will then get the fully paid BBI share. By then you would expect BBI to be around $2 and it would have only cost you $0.30!!

The other plus is that most of the income from BBI is tax deffered, meaning that you also get to claim the $0.063 as a tax deduction but have no assessable income from the divs.

The only downside to this is that over time the cost base of the BBI shares will be lower because the tax deferred divs are treated as a return of capital.

Good luck, i brought quite a few BBISZB over the past few days.