Hi Mam,
I'm back... cheers. Bear
Elaine <[EMAIL PROTECTED]> wrote: short
Elaine
On Wed, Jun 4, 2008 at 2:50 PM, Joe Grunk <[EMAIL PROTECTED]> wrote:
- Rumors are going the round that BNBR, the 35% owner of BUMI might do
a sell-down of a 3% stake in BUMI to raise money.
- BNBR is still trying to fund around USD 800m through either a bank-loan,
debt,
> or in the worst case situation a sell-down in assets.
> - Our analyst view is that they should be able to finance that through
loans or
> debt, and that a sell-down is not necessary.
> - Coal plays, including BUMI, have been weak this morning as sentiment
> has turned thanks to the Chinese coal names.
> - If there is any selling on fears of a placement, it is creating a
> buying
oppor
> tunity.
>
> ----------------------------------------------------------------------
> ----
-----
> The content of this communication is subject to CLSA's Legal and
Regulatory Notices,which can be viewed at
https://www.clsa.com/disclaimer.html or sent to you
> upon request.
