BBI 0.00% $3.98 babcock & brown infrastructure group

I mentioned before this report came out that my suspicion was...

  1. 647 Posts.
    I mentioned before this report came out that my suspicion was that all the "free" cash from not paying distributions would be lost in extra funding costs. I was encourage initially seeing 300M debt paid down but Melua is right, 99M free cash they are walking a tight rope.

    SP is irrelevant to value 1c can be expensive, NTA /price x number of shares. The big risk is number of shares is going to get out of control. SPARCS is a massive issue, forget 2012, 100M at 3-4c would be a disaster.

    I hold some BBI but wish I had got out at 13c, got greedy and put my sell in at 15c. At 9c I will hold on for the chance of a better outcome. Still happy to hold Beppa.
 
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