You could be right Sid, but I doubt it!Things only started to go...

You could be right Sid, but I doubt it!

Things only started to go wrong when they suspended their distributions. The statement to the market the other day stated that the business is operating as per previous guidance. So if something is going wrong, it it obviously on a treasury basis. i.e. capital management.

However, as has been stated before, there are no known obvious harbingers of debt/income stress, which is the basis of its debt covenants, and that there are no obvious impairment charges to be brought down.

So, all I can say is that the market is factoring in the demise of BNB, which would convert BEPPA to BBI and hence dilute BBI shareholders. However, as per Melua's detailed post yesterday, this is will not be the case as the responsible entity is independent and can be sold of to another organisation.

Markets don't always get it right. BBI went up a lot yesterday on big volume, and it went down a lot today on big volume. Look at AIO, market rumours can not always be precise.

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