who cares what bbi opens at, page-2

you would ASSUME BBI will be longterm sell. Nav now=66c, so even before dilution i wouldnt be expecting $1 in 5years.

factor in dilution of Nav to 22c(ie issuing $400mil) could be more or less. with a nav circa 22c and infinite shares on issue any writeup will be neligible . long term at best it will approach nav.

if you recieved 4xbbi for 1beppa, you would have to view the current sp in say 1weeks time and compare it with circa 20c in 5years time.

so iff BBI was 12c, you could lock in 4x12=48c now or wait 5years to get 4x22c=88x. i'd sell now.

cheers