hi Ya - BBP still has debt of about $3.2 billion all up - drawn down BBPF, BNB debt, Redbank debt and their share of the Oakey debt-After Kwinana and Neerabup settle.
The replacement value of these remaining assets is about $4.5 billion . This is simple to calculate just multiply the remaining KW of generators by about $1200per KW for gas and $1500 for coal, add in the Alinta retail and the Westfarmers LPG contract.
IMO opinion we obviously won't get the full value and a simple cash offer is unlikely. It is also possible that BBP may trade on if a good price is paid for the Energy markets division.
Now what sells for what and to whom is anybodies guess from here. As Relaxan has pointed out previously they also hedged their interest rates when they were higher and these swaps have to be acccounted for also.
BBP Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held
