BRS
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0.00% $1.49 broadspectrum limited

Ann: Trading Halt-BRS.AX, page-10

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  1. g12m0
    1,632 Posts.
    lightbulb Created with Sketch. 52
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    28/04/16
    12:58
    Post #: 17620039
    I don't think Ferrovial liked this news that Manus Island detention Centre is closing down. Ferrovial might not attempt to take 100% of BRS as a result of this news from PNG.
    If Allan Gray thinks it is not an issue then they stand to lose over $50 m on their 90 million shares in BRS.
    In total, potentially, $300m will be wiped out from BRS if shareholders do not get $1.50 per share.
    BRS Price at posting: $1.12 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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