BBI 0.00% $3.98 babcock & brown infrastructure group

Starting a new thread on thisLuckymjohnson advised from memory...

  1. 459 Posts.
    Starting a new thread on this

    Luckymjohnson advised from memory approx 213m in favour, 10m against with a heck of a lot outstanding.

    Interestingly, 2/3rds of about 66m open proxies were *not* held by BBI. Someone had a few votes in their pocket.

    I therefore undertook the following analysis:

    ~ 30% of all BEPPA are for

    ~ 1.5% against

    ~ 5.5% in the proxy's pocket - going whichever way?

    and ~ 63% outstanding.....

    And 75% of votes received needed for the vote to be carried

    interestingly the 5.5% in the pocket represents ~ 19% of the votes received.

    So if they vote against then 19% + 1.5% getting close to 25% of votes received to defeat the vote.

    If the pocket votes go against then this will be very, very close.

    Any other insights?
 
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