Comsec have bought heavily but also sold heavily. The biggest net buyers have been JB Were, Westpac(broking) and UBS. Very interesting indeed. One would think a re-structure of BBI/BEPPA is a near certainty once DBCT is sold.
I said previously I thought BBI would hit 7c and BEPPA 11c. I may be right on BBI but I am wrong on BEPPA. It is my opinion that we will not see 11c for BEPPA again and 16c will be very cheap. I made a small mistake selling a small amount of BEPPA the other day. Such is life. I still own more than enough. I put the extra funds into IRN at 49c so the net result is ok.
BBI Price at posting:
7.2¢ Sentiment: Hold Disclosure: Held