brought at 138 out at 30, page-7

Happy to hold at avg 40c.

There is no specific time frame on the reduction of gearing levels - overall it's manageable.

NJ


“Babcock & Brown remains committed to reducing its corporate level gearing through an orderly asset sale process, " Mr Larkin said.
"There remains no specific time frame on the reduction of gearing levels and we will continue to seek to maximise returns from the asset sale process.”
http://www.businessspectator.com.au/bs.nsf/Article/Babcock--Brown-completes-Enersis-sale-LFQLU?OpenDocument