Agreed, it's a very unusual scenario but as we've seen BBI's and BBP's share prices are highly correlated, despite the popular opinion that BBI is less risky and perhaps more undervalued. As such it's appropriate to analyse one and consider the results if applied to the other, especially as Deutsche Bank are or were major shareholders.
Assuming they're completely selling off their holdings, you would think they'd be able to implement a more effective strategy to do so. But given the credit crisis and more seemingly illogical behaviour by the banks and other financial institutions you never really know.
The share price has risen 100% in a few days on no real news, it's likely that there's some form of manipulation. Whether it's another player accumulating or some form of exit strategy from Deutsche Bank we have to wait and see.
- Forums
- ASX - By Stock
- BBI
- war
war, page-4
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BBI (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online