Recent content by Tiles

I would like to add my thanks to BB. His analysis and commitment to BBI caused me to reverse my pessimism. I had given up on the company. After reviewing the assets and prospects for the company I decided to buy more to reduce my overall average price. I'm now less poor (on paper), thanks to...

Thanks, seasprite. Interesting presentation with the commentary. SAE does seem to have upside potential and having been a shareholder since its REL days, I'm looking forward to 2009 and more good news.

I think because I saw it as the end of the line rather than a possible new beginning. I must admit that I was really tempted, especially when I saw your commitment. But having seen two of my investments go down the gurgler when I had averaged down, I was a bit shell-shocked. A lost opportunity...

At least there is some positive news for investors. After the decline to 2.5c I had given up. Maybe a further punt is justified.

Substantial sharehoder notice today by an American investor who has disposed of 5.1 million shares. Mystery solved?

I wonder why I'm still bothering. It's now below 3c - what did you mean by a "trading halt" and who would give it an extension?

The market appears to have decided on BBI's potential to reduce its debt burden with sellers down to 3c. Moody's have also taken a dim view, reducing its rating. BBI probably stands for "bye bye investment" some might feel it means "buy buy it'scheap". I'm waving it away.

It might indicate that they are having problems selling the other assets they have put on the block. Having broken the 5c barrier, they might attract some buyers but the question is, who is selling at these prices?

You could be right. BBI is now at 6.8c but has been down to 5.7c. Why would the BNB credit rating impact on BBI? Isn't the latter independently financed or is there some tie up?

I was a bit premature. Last price at the moment looks like 8 c and volume over 58,000,000 but price has been below this level. The same questions apply.

BBI have gone down to 8.5c today with volume of 50,000,000. What don't we know? Who is selling at that price?

Well, at least the Powerco sale has gone through. Pity about the dividends. The board seem to be looking to long term viability, which is a plus. I'll continue to hold em.

...only when the market is running out of steam. Or is that when it is becoming less liquid?

Interesting quarterly return posted yesterday: http://www.asx.com.au/asx/statistics/announcementSearch.do?method=searchByCode&issuerCode=sae&timeFrameSearchType=D&releasedDuringCode=W

I got on to the forum because I am surfing web sites on shares while in recovery mode after having a plate and screw repair on my broken collar bone. I was following a mate down a steep hill when he lost control and I collected his bike. The fall resulted in broken ribs, collapsed lung and...