pep 11 comparative values at 2 november 2010, page-13

Agree with your figures DDzx

Up until the announcement of the forthcoming consolidation of BPH and further issue of shares, there was very little difference in the "Value" of GBA v BPH in respect of their exposure to PEP 11
But now, GBA is clearly the stock of choise.


But wait, there's more!!!

Other considerations.
1/

Starting prices:
Not entirely logical I know, but punters do prefer to buy cheap stock.

2/

Shares on issue.( and many of these are tied up in cross holdings)
Liquidity, and the ability to buy/sell reasonable parcels.

3/

The tax free status for capital gains for MMR

4/

The trading halt occuring with BPH.
(FWIW I dont see this as a problem because they will be out of the trading halt before the well spuds, and it is at this time that the real focus/excitement will begin)
.................................................

MMR, GBA, BPH .... ?????????????????

It does my head in trying to come up with the "right answer"

CONCLUSION:

Buy ANY of the 3.

Im a simple sort of bloke, so I thought alphabetically, and I bought BPH :>)

As has been already been discussed, BUY is a great stock with OTHER interests as well, but specifically in terms of exposure to PEP 11, is not the stock of choise.

But if its a "gas", the whole FOUR shares will do well.


Disclosure:
BPH..major holding.
MMR..minor holding.
GBA..no position.
BUY..no position.

Caveat emptor

Bendigo