10c a distant memory by year end, page-7

There are always risks, If those numbers where that simple BBI would not be trading anywhere near current levels. Fear, forced selling, uninformed investors only misprice a stock so far for so long. If BBI got wound up now (i do not believe it is at that stage, as they have good assets, mostly regulated) There would be a fire sale of assets and i would be doubtful that 13 bil would be realised.

BBIs value will come about by the sale of a couple of assets (1-3) pay down corporate debt and reinforce to the market that they have a sustainable model, reintate divi on bbi and beppa.

Rumours have been flying around brokers late afternoon re the iminent collapse of BNB (possibly announced tomorrow). With BNB out of the way hopefully and a couple of asset sales we will see BBI rerated. But do not believe there are no risks involved that would be very nieve