ejd99 wrote: " The three biggest issues facing BBI right now (IMO) are: 1. Name contains Babcock & Brown 2. Management fees to BNB for little in return (IMO) 3. Approx $60M / year to service BEPPA shareholders"
In My opinion,
1. Cosmetic change only if they did it.... a name change will not change sentiment in the short term
2. "Someone" has to manage the assets. Ports, rail networks,gas and electricity supply etc don't run themselves. BBI has negotiated a very fair deal going forward. BNB fees are "market" rate now. Great outcome from Hamill and the BBI Board.
3. Will comment further on Point 3 after tomorrows meeting.
BBI Price at posting:
7.5¢ Sentiment: LT Buy Disclosure: Held
