BBI 0.00% $3.98 babcock & brown infrastructure group

You don't have to be a rocket scientist to see that the main aim...

  1. 1,464 Posts.
    You don't have to be a rocket scientist to see that the main aim here is to get the VWAP up to approximating the 17.5 new reset minimum to attract instos at the last minute to vote for reset. Beppa is going up in Sympathy.

    To believe that this fast uprise is due only to an expected partial sale of DBCT is a wistful piece of hope.

    There have been bidders for the asset for months, settlement will not be for months yet and decisions will not be made by either the bidders or BBI as to percentages of sale until the end of June.

    The MAJOR reason for the upswing is to
    a. Try to ensure reset is agreed to because of the potential dilution
    b. Should reset fail to minimise the dilution.

    Believe what you will, that is the only explanation for the recent trading.

    I believe BBI will be cheaper on Monday week than they are today, they may go up next week however.
 
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