BBP 0.00% 9.5¢ babcock & brown power

any chances to survive, page-16

  1. 2,793 Posts.
    We have to wait for the announcement that comes after UBS have finished their review of all of BBP and have put their recommendations to the Board - one would expect that the Board will act quickly on one or more recommendations - importantly there has been a lot of speculations for months now about the true form of the management agreement with BNB, and values BBP placed on their goods - UBS will be the first major player who can settle the market by bringing their independent view of the accounts and the management agreement to the market - if the upshot is that there is no need for a fire sale, then the market should (we hope) place a premium on their analytic word, and hopefully lead us to an SP that is more in line with what BBP owns.

    When the series of announcement were made on 29 August we were told that UBS would finish their recommendation "within a few weeks" - that's not a 'couple' of weeks, but a 'few' - so one would surmise that we should expect some serious decisions being announced in the second half of September
 
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