Ann: BBI EPS - Redemption on Change of Control , page-21

re: Ann: BBI EPS - Redemption on Change of Co... Dreads,

given the way I now look at Beppa, it would be a great buy for a SMSF in pension phase (this is not financial advice). Believing BBI will survive, say you bought Beppa at 15 cents. Assume cash indicator rate falls to 3.75%. Margin on Beppa I believe is 1.25% above the indicator rate.

Therefore, assume 5% return on a face value of $1, with $1 repayment in 2012. I won't do the sums but yeid per year on the above assumptions is in excess of 30%. Not a bad risk/reward play, as no tax in the pension environment. Also no tax on 2012 redemption at face value of $1.

All my views and in no way financial advice.