BNBs loading up its satelites with cash and advising on assets to buy and then taking afee on cash got for each satelite has meant that bonus payments flow to BNB from cash got and divs payable to shareholders rely on re valuated assets amd more borrowed money for payment.
Its in the interest of BNB to load up each satelite with debt and make sure each satelite can service that debt inclusive of the BNB fee and over paying for any asset class simply makes the fee BNB collect higher.
As BNB advised BBP to buy over priced assets (alinta) one might suggest they did this to benifit themselves as to the fees they collect and not the bargain they induced shareholders to belive in.
ie moms and dads took BNB for the divs on offer....not the fees BNB collect
BBP Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
