my bbi valuation / dbct sale flows, page-80

Ty for correction Melua.

I disagree Dargie.

If you change 2010 EBITA for DBCT to 224M, IEG to 10.5, PD Ports to a conservative 10 (I want more like 11, but.), Westnet Rail to a very conservative 9, Alinta to 10.5, NGPL to 11.7...

Certainly *reasonable* expectations, in this current market...you get $0.93 per share.

Now, fast forward to a years time. Look at market conditions. Wonder why the hell we are using EBITA multiples of 10 for Euro Ports, or PD Ports even. Smile. adjust equity value accordingly. BBI could CERTAINLY be up around 50c time within 3 years!!!! If the economy is going good in 3 years time.

If BBI has a net asset value per share of $0.93 at 29th May 2009.... imagine the NAV/share in 3 years time!

You really think 50c in > 3 years time is unbelievable?... wait, make that "can never"...