BBP 0.00% 9.5¢ babcock & brown power

external impact

  1. 4,481 Posts.
    News on wires today indicate that banks are seriously contemplating bnb demise (poss Admin)

    http://www.brw.com.au/viewer.aspx?ATL://1231828330203&fid=81&s=1&t=9&title=Babcock+out+for+count


    Piece I am very interested in is

    "That means an orderly sale of b&b owned assets, at the same time as cutting loose its satellite funds to stand alone. The satellites have asset sales programs of their own underway to help achieve that."

    Article cant be cut and pasted so you will have to check it out for yourself. To add to this centro is expecting to get its D4E swap in writing by tomorrow.

    What impact should we expect on BBP as a result of these external forces. Will confidence be seriously dented here or will we have confidence restored if its more likely we can stand alone.
 
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