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0.00% $3.98 babcock & brown infrastructure group

Well, I reckon the BBI detractors would be pleasantly surprised...

  1. ppup
    262 Posts.
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    12/08/09
    09:53
    Post #: 5496062
    Well, I reckon the BBI detractors would be pleasantly surprised by the impairment amount.

    Takes about 35c off the NAV per BBI by my calcs. Beppa still un-touched.

    This should be as bad as it gets regarding impairment. Covenants are not tied to asset values AFIK, so bank situation should remain the same.

    I think this may surprise the market to the up-side.
    BBI Price at posting: 7.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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