BBP 0.00% 9.5¢ babcock & brown power

time to buy in?

  1. 238 Posts.
    it's been nearly a month now at over 8c creating a much needed support level.
    recent news: icr lowered, contract with bhp for 2 years is in place(possibility of being extended), gas tariff increased , they sold a 125mill lossing contract to origin.
    NTA is much higher than current sp. possibilty of take over or recovery in earnings.
    All steps in the right direction. Risk reward ratio, risk has been significantly decreased and all news considered and future prospects In my opinion its time to buy in. I am in for 1.8mill at avg of 8.4

    Just my opinion

    DYOR.


 
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