BNB babcock & brown limited

rene, 5m shares for sale 12 months ago would have been a huge...

  1. 3,267 Posts.
    rene, 5m shares for sale 12 months ago would have been a huge exit but at these prices ( as opposed to the $28 share price), whilst it's still about $1m worth of shares, is not that big in the scheme of things ( with about 367m shares on issue) and given the large day trading that's been transacted recently. The fact that all of the 5m was taken up ( and some) indicates there are a lot of buyers prepared to take on some of the risk/reward opportunity. ( not me yet). Sentiment on BNB and the short time frame on the short term interim debt funding is reflected in the share price trading down. BBI has suffered the associated sentiment but doesn't seem to have to drag the same trailing concrete block.
 
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