MQG results look too mixed in the outlook for 09.
BNB needs to give some visibility.
MQG raised $24b last yr. Impressive but hard to repeat in these credit markets. Outlook is non transparent.BNB stock is cheap on like for like.
The Guru loves a trade in TSE now if anyone is interested. Sold QAN and am in TSE at $9.61.
This stock can bounce very very hard and will in next few days back to 11 or even 12 or 13. TSE would be a prize catch for Hutchinson Whampoa who are in town at the moment. They like Power assets and with the shares beaten up could build a minority position.
Its trading at half the value of Leightons which is rallying well.
My major position in BNB is reducing today.
Peace.
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bnb has limitations here...look at tse at 9.61
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