BNB babcock & brown limited

On etrade today"Please note, effective Wednesday 17 September...

  1. Beffa
    1,116 Posts.
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    15/09/08
    12:11
    Post #: 4265671
    On etrade today

    "Please note, effective Wednesday 17 September 2008, changes will be made on the ANZ E*TRADE Share Investment Loan Approved Securities List*, which will affect the Loan to Value Ratios (LVR’s) for Babcock and Brown and its related companies. This includes the reduction of the standard LVR to zero. These changes will reduce the security value of your loan. For more information please go to www.anz.com/marginlending or contact ANZ Client Services Team on 1800 016 869.

    *Approved Securities List is subject to change without notice."

    That reads to me
    Sell now or face margin call on Wednesday. May explain some of price moves today in BNB and satellites.

    BNB Price at posting: $1.61 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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