here we go , page-142

Morningstar analyst Tim Jones said around 46 cents of the share price slide on Monday was attributable to the profit warning from last week.

He said the record low share price could attract takeover bids from private equity outfits such as TPG Capital, which had looked over the company earlier in the year.

"I think they'd be very tempted to come back and do another bid," Mr Jones said.

He said the Billabong board, including major shareholder and founder Gordon Merchant, needed to be accountable for its previous rejection of TPG's bids.

"A number of groups would be interested in purchasing it - private equity or even trade buyers as well as other international brand companies, particularly in the US," Mr Jones said.