reasons why fund manager is selling, page-12

My view,

why buy BBI and the issues it faces to regain value. If you have significant funds buy into the asset direct and go to the source of the cashflow without the headache. This is why I believe assets will sell at book or above.

QIC is a wholesale funds manager and they saw this. Private equity will want the asset. Big boys have big money and want to go direct.

Unfortuantely I don't have this type of money, so I have to wear the headache and hope management does the right thing.

My views only above, but this is my take on the fundamentals.