re: worth keeping a eye on I think those who are saying negative equity are getting confused about NTA and NA. as mentioned in this forum previously the bbp business has transformed with the alinta acquisition from a pure TANGIBLE asset holder to a mixed physical and non physical asset holder.
I think cash flow in the short and meduim term better describe the potential of bbp.
I do agree that the 'potential' sale of physical assets should NOT take precedence over longer term cash generation, specifically the new plant in WA, they have a severe shortfall in generation capacity.
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