Hi
I dont know about the share price but NTA of $6.20 is still to high and doesnt reflect market to market, if they used this method, or when they sell assets this figure will be well south of $6.20......many more writedowns to come..considering that the a main earnings driver of the business, Managment fees is being sold off in BBC, and now BBP is looking to do the same, all the funds are going to get in on the act, that will help BNB reduce debt but its earnings after that are going to be really poor, NTA is guaranteed to be lower as well as future earning when you strip out all the profits from managment agreement sales IMO....I dont think it is going to hold thy 2.50 mark much longer...and given the sell off last night, I think it will be around $2 by the close Monday....
BNB
babcock & brown limited
