The main risk with IMP is that IMP might sell its stake in BMX.
Then your stuck with some cash and the old net tech directors.
That's the main risk, IMP looks cheap as long as they don't sell IMP, they might not do this, but you don't have control over this risk factor if you invest in IMP compared to BMX.
You can margin BMX now, so why take the risk?
selldown, page-15
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