Agree with your figures DDzxUp until the announcement of the...

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