exactly potgut.....management are talking about 'our forward plans for 2010 etc' but they know damn well this thing will be sold....
i think that, assuming AGL/origin/arcapita plays hardball and get a 20% reduction, assuming management agreements with BNB go for 50 million (BBW went for 30 odd million) we are looking at 50c a share complete takeover
its in bnb's interest to get a good price for BBP as they are also holders......think about it, if you were AGL sitting on 6 billion...why the hell wouldn't you buy this to be the premier listed power entity in australia...power prices are only going one way...up
BBP Price at posting:
3.6¢ Sentiment: ST Buy Disclosure: Held