more cash, page-3

Both BAM and BIP are up since this takeover/merger/pie gulping.

BAM 25%, and BIP 15% which is near highest SP since inception so hard to tell what value is put on it as a LT returns haven.

also take into consideration the USA mood for offshore investments atm due to present currency changes, so my take is that this tempers the apparent benefit of Oz investors to remain invested in these assets in USA dollars, plus the cap gain event, again, (sigh,) plus future currency movements. Obama wants to double USA exports in two years, devaluing the USA currency helps USA bigtime at the moment so cannot see any trend reversal for a while. China is very annoyed by it naturally enough.

Real value difference between selling now and selling BIP's later has declined to approximately 7% and that is looking very dependent on future $ movements.

A well timed move by BAM to shake stock into friendly hands.

It is almost getting to the stage where industrial risk may exceed Infrastructure stability over the near term, due to the more money syndrome. No wonder BAM want to wrap this up quickly.

Still the friendlies have a big appetite for Pies still, so with suspected AUD5.08 plus 20% value per PIH plus 7% difference noted above, maximum still is just enough to keep me interested, but more watchful.