I would like to see them sell 100% of it if they get a decent offer.
At the right price, the leftover cash would really sort it once and for all for BBI.
There is absolutely no chance of a capital raising. Such a raising would be massively dilutory and very painful to existing ordinary shareholders. The correct thing to do is to sell an asset and use that cash to repair the company's balance sheet and gearing levels.
What I would really like to see is for them to put themselves into a position to buy back BEPPA's and cancel them.
BBI Price at posting:
8.7¢ Sentiment: None Disclosure: Held