BBI babcock & brown infrastructure group
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sparcs conversion figures due on friday, page-57

  1. jonkey1995
    3,887 Posts.
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    28/03/09
    09:07
    Post #: 4954237
    Bear,

    problem is that BBI must nominate finally (this is binding) whether conversion or repayment will occur about 25 days before the conversion date. This is nowhere near enough time to complete an asset sale IMO. If if an asset sale was announced Monday, it would take months to settle.

    Cheers
    BBI Price at posting: 6.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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