Cash backing is around $2.48.
Management team is very experienced led by robert en NDY ceo.
Why was bcmca created...because bnb is only allowed to invest up to 100 mill into 1 project and bcmca is allowed to invest a lot more.
BNB have or had 2 projects in the pipeline both in real estate in the UK and in Japan...they needed bnb capital so they could get these investments...thats why the rush to get the float through.
This stock should be at least trading at cash backing plus a premium for management.
Expect at least one announcement in the short term eg week.
This is the big brother of BNB imo.
Good luck
BNB
babcock & brown limited
