Morning, reported in AFR today that RBS plan to make a revival bid.
Given that: 1)maturities due next month can be dealt and not in bank's interest to invoke provisions which would lead to company's collapse 2) more than a couple of major parties are interested in assets of BBI and fees associated 3) companies like BHP are betting on a sustained resource boom which means assets Dalrymple Bay (with proposed capacity expansion)wil be become far more valuable 4)DOW and ASX on fire
shouldn't this be a reason to reject Brookfield offer and possibly see sp back where it could be above 20c
any thoughts?
BBI Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held