Yeah Ironmonkey, this morning on my web search all I saw was “Small Investors lose out again.
It appears that Babcock & Brown Power is still living in the days of grandeur and megalomania.”
So I had the same thought about you until I read the megalomania and grandeur part and knew they weren’t talking about admin.
Hopefully we find out more this week as the agm is next week. I think that 15-20 cent range doesn’t sound far off Hope, but hopefully we could be pleasantly surprised with more. If you consider that the NA (inc intangibles) was $1.30ish, then even if that falls by half and the share traded at say 40-50cents, then shareholders have taken a haircut along with the others. I would also not be surprised after this to see a share consolidation to get it trading at over $1.
BBP Price at posting:
7.6¢ Sentiment: None Disclosure: Held
