Obviously the market has smashed the BBP share price for various reasons mainly the potential problems with re-financing and of course the association with BNB. You can't over estimated the fear for share holders that the entity may fail completely - hence the fact that the price got down to a few cents in recent times. Amazing considering the assets BBP have.
I have first hand knowledge of many of the BBP Power Generation assets and have no doubt these will be very sought after by the likes of AGL and Origin. And I suspect the Alinta Retail assets will be just as attractive. AGL have bucket loads of cash currently.
So for now we wait while the prospective acquirers 'kick the tyres' big-time and the action starts.
BBP Price at posting:
9.9¢ Sentiment: None Disclosure: Held