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BEPPA

Printed From: BullCharts Forum
Category: Market Discussion
Forum Name: Stock Chat
Forum Discription: Discussion about stocks and markets.
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=543
Printed Date: 02 May 2024 at 10:12pm
Software Version: Web Wiz Forums 9.69 - http://www.webwizforums.com


Topic: BEPPA
Posted By: magpie
Subject: BEPPA
Date Posted: 15 Feb 2009 at 4:47pm
This a pref. share of BBI.If BBI stays afloat (7out of 8 brokers rate it a hold or better) the pref.shares are a bargain.They will pay 1.15% above 90 day bill rate until 2012.At todays price of 9.5 cents that's more than 4.0 cents pa---and in 2012 bbi will buy back for $1.00 or give you $1.00s worth of BBI shares.That equals another 25% each year.To repeat it all depends on BBI not going bankrupt,though even then you may get something back.
Speculative but a possible multibagger.


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