Mounties pension fund said to be sniffing around BBA Aviation - part 2

Readers might be wondering what has happened to the potential bid for London-listed BBA Aviation that I wrote about a couple of months ago.

In case you don't recall, back in early March I revealed that PSP Investments, a pension fund that looks after money for the Canadian mounted police, had been talking to potential partners about launching a bid for BBA Aviation, the aviation services company. Here is the link:

Back on Tip TV talking about BBA Aviation, Zodiac Aerospace and Weir Group

It's a Monday, so here is a link today's Tip TV session:

http://www.tiptv.co.uk/finance/ma-update-interest-in-wealth-management-arm-of-old-mutual-keep-an-eye-on-bats-and-lse-counter-bidders/

Mounties pension fund said to be sniffing around BBA Aviation - part 2

A rather nice person familiar with the matter has been in touch to point out that BBA Aviation's shares are only down about 20pc over the last twelve months if you take in the account the 6 for 5 rights issue that took place last September/October. Happy to set the record straight.

Here are the details of the rights issue:

http://www.investegate.co.uk/bba-aviation-plc--bba-/rns/announcement-re--rights-issue/201510120814479213B/

Mounties pension fund said to be sniffing around BBA Aviation

PSP Investments has been circling BBA Aviation.

Good sources tell me PSP, a massive Canadian pension fund that looks after money for the Canadian mounted police, is in the early stages of examining a purchase of BBA Aviation.