end of year bargain or bbi revisited, page-7

30 June has been and gone now, so the tax loss selling is over and the real buying can begin (or perhaps in reality already took place last week).

Someone did a great job walking this down and I am sure they mopped up a lot of stock. Plus I suspect there were a lot of natural tax loss sellers from the recap from earlier in the year with an entry point of $5+. Any of those instos who participated in the recap who have CGT issues would most certainly have been crystallising their losses for the current tax year just ended.

I would be very surprised if they dropped their dividend for the year of forecast 30cps. Bear in mind that although the NGPL profits may be down, I strongly suspect increased throughput at DBCT compared to same time last year is considerably more.

What I will be interested to see is a clean set of books at 30 June with all the past put behind them. Then we will get a proper view of how profitable this company is.