BBI
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0.00% $3.98 babcock & brown infrastructure group

max conversion good for beppa?, page-24

  1. kiril
    2,892 Posts.
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    11/03/09
    20:50
    Post #: 4892367
    So Dargie is at 15-20%, and Melua at 19%.

    If you consider the profile of the investor who would have been drawn to the issue in the first place, I do not believe they will be prepared to swap their debt for equity...especially in this environment.

    I do not believe we will see even 5% conversion.

    Kiril
    BBI Price at posting: 3.4¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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