BB, I think we are about the only ones who consider there is some chance for BNB to continue trading.
I have posted my detailed reasons for why I believe BNB should survive on Sharescen3.
In summary:
With BNB trading, the banks have one problem - BNB. With BNB in receivership, the banks have many problems - BNB, BBP, BBC, etc.
/disclosure: I have a position in the subordinated notes and the NZ debt - not the ords.
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babcock & brown limited
i cannot see the pin pulled on this one, page-4
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