notice of merger closure, page-7

Hi emc2 and Blues,

There were some short term arbitrage plays outlined on some US websites prior to the merger, buy PIH at 4.80 AUD or less, then short BIP at 21.00. I think these plays need to work there way out of the system before it stabilises.

Brookfields property (BPO) arm is becoming very active with some excellent strategic sales and purchases recently so BIP could be being vacated in order to jump onto BPO.

I am beginning to think that Brookfield has a quite active following of opportunistic hawks, might make sense if you consider the vulture aspect, the hawk activity is reflected in the SP imv.

The other aspect of BIP SP declining is that some of these hawks have been waiting for a feed since last November so may be ready to fly off and circle again.

I think BAM couldn't care much about hawks either way, things are going pretty much the way they intended anyway, fewer larger holders that are more likely to be agreeable, smaller holders muzzled, other peoples money doing the mop work, plenty of available cash for acquisitions.

My strategy is to hold some BAM as well as BIP, the more I know about Brookfield, the happier I become about holding.


ifandwhen