Business

Jan 25, 2008

Babcock’s ties to the teetering trio

The stockmarket is continuing its recovery but there’s still plenty of action amongst the teetering trio of MFS, Centro and Allco with Babcock & Brown now getting dragged into some of the action, writes Stephen Mayne.

The stockmarket is continuing its recovery but there’s still plenty of action amongst the teetering trio of MFS, Centro and Allco with Babcock & Brown now getting dragged into some of the action.

Babcock & Brown Communities, the old Primelife which is our biggest listed retirement village company, today announced that two MFS associates had yesterday dumped 23 million shares yesterday at what looked like a fire sale price of 58c.

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