BBI 0.00% $3.98 babcock & brown infrastructure group

today's meeting, page-58

  1. 2,123 Posts.
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    twin turbo
    The reasons BEPPA is better than BBI are as follows:
    - with BBI "maths", you have to assume a price scenario. If BBI survives, BEPPA will be worth $1.08 in July 2012. The return on BEPPA will be better than BBI in terms of multiple price appreciation
    - with BEPPA you have attractive couponm return (say 6.5 cents per annum, and if they freeze them, you get them all with late interest payable, in July 2012
    - in a wind up, BEPPA ranks ahead of BBI
    - if BBI is taken over or control changes, BEPPA has to be redeemed for cash (I think, may need to check this one);

    Cannot see how you think BBI is a better buy than BEPPA.
 
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Currently unlisted public company.

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