BBI 0.00% $3.98 babcock & brown infrastructure group

this now a sell, page-22

  1. 14,880 Posts.
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    I agree I don't think the stock price is being manipulated. I know one shareholder who today sold 300,000 BBI at average 15c. He bought at 95c. I asked him why he was bailing out now.
    His answer was simply he does not wish to own any shares that do not pay dividends. He is not interested in waiting for capital growth in this environment. Now I would imagine there are many stapled security holders just like him. This is causing short term pressure along with the All Ords getting caned. We are not seeing manipulation, just a sell off on the back of no distribution for the foreseeable future.
    I think we will see a rally by year's end on the back of another asset sale or two. That will signal BBI is out of danger.
 
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