ive said for a while now that Beppa holders should be happy instead of complaining and my reason is basically this:
would you prefer 43c now, or to see Beppa(falling) potentially trading at 15c again but left to mature into $1 in 2012?
its not a rhetorical question. different people have different investment stratergies and timeframes. personally i want/prefer the 43c now. i know many are adament they are entitled to $1 and would prefer that option.
that is the real dilemna we face. vote yes = 43+ likely.
vote no, and possibly rbs make an alternate play. it may see beppa fall, how far is unkonwn, but you will get $1 in 2012.
its really going to come down to how many beppa rbs have.
i wouldnt be surprised if bam make another sweetner though time is running out with votes already being cast. not sure who need the sweetning more beppa or bbi.
rbs deal = beppa worse short term(but better long term), BBI better short term(but worse long term)
i guess beppa need it more because 75% is harder than 50% and if rbs have a large holding bam will need all others onside. also rbs would probable vote YES themselves if the deal is too good to refuse.
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