BNB loans will be reassessed by banks at 2 or 2.5bil market cap.
That equates to something like 7-8 dollars i think.
This looks alot like an allco all over again. Albeit management at BNB is much smarter and company _seems_ better positioned.
Last 12 months have shown a company is only worth as much as the market wants it to be worth....and highly leveraged companies are easy targets for the hedge funds to bring down.
I wouldnt be buying right now because the market has lost faith in BNB business model and management and until its satalite funds start performing BNB wont.
BNB
babcock & brown limited
chance of a bottom here, page-2
Add to My Watchlist
What is My Watchlist?