BUL 7.14% 5.2¢ blue energy limited

chimaera financial group:anz:bul

  1. 94 Posts.
    Sharesrfun and eddie-will, I would be more concerned with the financial health of Chimeara Financial Group who are a Melbourne Margin Lending Company. Nick Sretch the chairman of Blue Energy is also Exec Director of Chimarra Financial Group and they seem to use ANZ Nominees for their holdings. Read the 2 articles in the Fin Review 16/4/08 on pages 52 and 61."Companies linked with Chimaera had negotiated a $500 million charge with ANZ in March"
    I am a long term holder of BUL but have been burnt by 2 other holdings that Chimaera are involved with LSL and AAS.
    I am a believer in the CBM story but am worried about the share overhang if Chimaera Financial Group becomes the next Opus Prime.
    This is my own research and would welcome any comments as I do hold BUL.

    CREDIT(Not to be confused with my Uncle CREDIT CRISES)
 
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