I cant believe it would stay at current levels. I went into Billabong head store in burleigh this week and when paying asked if the staff were worried about losing their jobs in light of recent events. It was a definite NO. Staff have been told that plans are in place, that the brand isnt going anywhere and that the demolition of the SP is a good chance to load up. I can't imagine why TPG wouldn't at least make a cheeky bid of 33c, a 10% cost compared to their original $3.30 bid. A bargain for them I would have thought.
BBG Price at posting:
15.8¢ Sentiment: None Disclosure: Held