Hard to say really, but when BBI can get $400m for 50% of a NZ asset, and that was above book value, then I wonder how much they could acheive for wonderful assets like DBCT (jewel in the crown IMO), westnet and gas pipelines in Oz. Add in European ports etc... and we are talking about a serious infrastructure player.
Cetainly in this market BBI have proven they can get better than book value, the NZ asset sale was equal to 15 cents/share I believe.
It really depends on the demand for the assets, and the assets BBI owns are not second rate.
I do know that it is well above 9 cents a share!
DYOR.
Cheers, Tony.
BBI Price at posting:
9.0¢ Sentiment: LT Buy Disclosure: Held