Well the range of opinions certainly shows that the analysts are mightily confused.
However given some people do listen to analysts one must take some notice of it as it is probably driving some of the current selling. Many of their points are worth noting as BBP is definitely not without it's risks.
It would take a brave analyst to go against the grain and give a target price well above the current share price. Many analysts would of been burned with CNP, AFG, RHG and also BNB and it's satellites previously. Many would have had clients calling them and giving them an earful for having recommended those stocks. So the analysts will be erring on the side of caution for the sake of their jobs and reputations.
Falling interest rates will help BBP. Not so much with current interest payments, but more so with their efforts to refinance.
We should hopefully see some buying tomorrow when the RBA makes it's expected move.
BBP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
