BBI 0.00% $3.98 babcock & brown infrastructure group

ann out!, page-68

  1. 7,746 Posts.
    Unfortunately i dont have the link either, i only have the hardcopy at home, but i think an electronic version was posted at the time.

    but in essence billbu link says enough:

    "And that is before the cornerstone investor injects additional equity in return for what is likely to be a majority stake in the company. After that, existing holders would own less than 9 per cent of the company, which would then have more than 29 billion shares on issue"

    ie as i have said all along, existing holder will be left with about 10%. thats a BIG difference to "the csi will own 90%". look at the 29bil quote, that includes existing BBI and BEPPA conversion and csi.ie about 14bil to csi, 11.5bil BEppa and 2.5bil to BBI. its constantly changing as the sp moves.

    your right that also $300mil was to be raised from DBCT sale and a further $600mil from a rights issue for BBI/Beppa holders.

    But does that all point towards the same thing? BBI>5c and certainly not 1c!

 
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