BBI babcock & brown infrastructure group

bbn020 bonds being bought back again, page-3

  1. 972 Posts.
    Figuratively speaking I doubt that BBI would blow their whole wad of surplus cash on the buyback. Hence I suspect they have a fair bit of dough stashed on the side, thus allowing them to carry out these small but significant buybacks.

    IMO looks like green shoots of progress in the BBI camp.

    A side note:

    If BBI are spending money, then perhaps, just perhaps they are comfortable with what is going to happen or is about to happen with PD ports, given that if it were to turn bad they would have to refund the deposit.

    I wouldnt be spending cash if I had a possible deposit to pay back.


 
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