BBP 0.00% 9.5¢ babcock & brown power

chart chat, page-2

  1. 2,629 Posts.
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    Hi ape,

    Agree. We have closed above the 21 day moving average for the last 6 trading days and on good volume with momentum building since mid March. If the "BOTs" will stop playing games it looks like we may have a break-out.

    Also management is delivering on the sell of assets.

    Also tomorrow we start Q4 FY09.

    From the BBP 2009 Interim Result and Investor Presentation 27 Feb 2009 :



  2. At this stage we do not envisage an outcome which can be presented to security holders before Q4 FY09.

    General economic conditions are highly challenging with potential to impact bidders.

    Alternative options are being considered including longer term work through.

    Management review of business forecasts has reaffirmed expected growth in cash and earnings post FY10, which will assist the sale process and alternatives//


    All looks good ATM. Time will tell...

    Happy to buy and hold for the "Up-side".

    EODYOR&DD

    Cheers,
    Brantley



 
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