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BBP - Babcock and Brown Power

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i still hold bbp shares. from 23 cents! not happy.

i can't find any real research on them from my brokers UBS and Citi, but Citi still are hopefull on BBW, and the likelyhood of them getting back to a position that they were in before the GFC started. could only be good news for BBP.

having noted that. if BBP get back to 23 cents, i will be selling. way too much risk on that book!
 
n5032245 said:
i still hold bbp shares. from 23 cents! not happy.

i can't find any real research on them from my brokers UBS and Citi, but Citi still are hopefull on BBW, and the likelyhood of them getting back to a position that they were in before the GFC started. could only be good news for BBP.

having noted that. if BBP get back to 23 cents, i will be selling. way too much risk on that book!
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LOL. I hold from $2.70ish.

You got nothing on me :banghead:

Why do I still have it? Not worth selling for lunch money.
 
So there is some life out there for BBP, at least two other people out there who still check this thread. My cost base for the stock is 11c, so I guess I am better off than you guys with cost bases of 23c and $2.70 respectively.

The only research you can get on BBP is the sort that costs in the form of broker reports and analyst reports. I gather that just about everyone would sell their entire BBP holding at cost base if it ever reaches such a price in the future. I have confidence that it will at least reach 11c and maybe even 23c in the near term, but $2.70 is a long-term proposition.

Brokers and analysts seem to be of the opinion that BBP will fail to get an investment grade credit rating, and will breach loan covenants which will trigger a review event which they then think will lead the banking syndicate to call in the loans leaving nothing for unitholders after all is said and done.

Yet it remains to be seen whether BBP will be taken over and effectively rescued by a white knight in shining armour which could reduce BBP's debt and provide it with a development pipeline which it needs for future growth. At this stage it seems like most people, brokers and analysts included, think BBP will not get any attractive offers yet that seems to go against the grain of BBP's high-quality and highly sought after assets.

I fully expect BBP to be make it through the GFC under new management following a takeover in the near future. I cannot imagine for one second that the bigger players out there are not eyeing these assets and that they won't try to outbid each other. I fully expect that they are and that they will do so for what is a once in a lifetime opportunity for them. Less certain is the behaviour of the banks re: review events and even the federal government should Arcapita or another overseas-based buyer emerge with everything going on with foreign investment in Australian companies of strategic importance right now.

Depending on how many units you own in BBP there is significant risk-reward here. If BBP do survive, recover and grow, then investments in this company bought at such cheap prices could be worth a lot of money in the future both in terms of capital gain and income from future distributions whilst $2.70 is definitely on the cards long-term if you can hold and forget about the stock in the short and medium terms. We just need someone to come and pick them up in an attractive takeover bid, but it seems like I am the only one out there who even thinks this is a possibility yet alone a likely outcome.
 
By the look of the latest announcements Deutsche Bank are churning shares and the price has jumped on increasing volume.
 
I do believe BBP will reach beyond 10c in next week and have a good prospect in a long term. May 0.5 dollar will not be a dream .Let us pray together.:)
 
SUNYA2006 said:
I do believe BBP will reach beyond 10c in next week and have a good prospect in a long term. May 0.5 dollar will not be a dream .Let us pray together.:)
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I pray fervently that you stop ramping and that you take on board your recent infraction for ramping, particularly the part where I reminded you that "all price targets must be accompanied by some supporting analysis."

:)
 
Joe Blow said:
I pray fervently that you stop ramping and that you take on board your recent infraction for ramping, particularly the part where I reminded you that "all price targets must be accompanied by some supporting analysis."

:)
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Clearly his comments should have been backed up....

You are CERTAINLY right in that regard.

*BUT* he called for 10c, in a week...
And, it's now 8 days later and it's 11c... and it opened at 10.5c (sorry, I CBF checking to see if it closed at 10c yesterday, 1 week after he said it, but with an open of 10.5c, i can't see it closing lower than 10c yesterday)
 
:mad:Why did administration delete my comment? Sometimes investing in share market can not depend on calculation and analysis only ,most inportant factor is your interst and strong feeling. Next monday BBP will surpass 0.12-0.125 at beginning of trade, maybe we can see its reachment in 15c next week. See the curve of BBI, usually their price gap will be 0-1.5c approximately ,but I do believe BBP has a better prospective than BBI ultimately.
 
SUNYA2006 said:
:mad:Why did administration delete my comment? Sometimes investing in share market can not depend on calculation and analysis only ,most inportant factor is your interst and strong feeling. Next monday BBP will surpass 0.12-0.125 at beginning of trade, maybe we can see its reachment in 15c next week. See the curve of BBI, usually their price gap will be 0-1.5c approximately ,but I do believe BBP has a better prospective than BBI ultimately.
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I also hold BBP but I do not agree with your last comment. BBP is restricted to one asset class in one country whereas BBI is diversified across different asset classes in different geographic locations. BBI's assets are far more defensive.
I believe BBP is very undervalued but BBI has far more upside long term.
 
banska bystrica said:
I also hold BBP but I do not agree with your last comment. BBP is restricted to one asset class in one country whereas BBI is diversified across different asset classes in different geographic locations. BBI's assets are far more defensive.
I believe BBP is very undervalued but BBI has far more upside long term.
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Power plant usually has a stable income origination and a good improvement prospect especially in energy shortage market. If BBP solve it debt problem or is purchased by foreign investor successfully, it will resore its real value quickly. Please see historic price of BBP in comparison with BBI, you can make a real conclusion.
 
SUNYA2006 said:
Power plant usually has a stable income origination and a good improvement prospect especially in energy shortage market. If BBP solve it debt problem or is purchased by foreign investor successfully, it will resore its real value quickly. Please see historic price of BBP in comparison with BBI, you can make a real conclusion.
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Mate,

When you rant with random future price quotes you do sound like a ramping looney,

lets talk the facts. Pros, Cons, strengths, weaknesses etc etc.
 
Trading halt, I hope it's bad because I just sold literally 25 minutes before it went into trading halt..

Does anybody have any idea what it might be about?
 
Struzball said:
Trading halt, I hope it's bad because I just sold literally 25 minutes before it went into trading halt..

Does anybody have any idea what it might be about?
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A couple of Brisbane brokers have heard that it's a takeover bid. At what price is anyone's guess. I only hold a very small parcel. We will know more by Friday.
 
I have not looked at or followed BBP before seeing as it is in a trading halt for what could be a take over or some other positive announcement.

Has BBP suffered because of its debt levels and link to the B&B group? if yes how would its position compare to BBI? eg more/less debt, better/worse assets
 
I have a friend who works for an insolvency firm, and BBP asked them to do a report as to what this firm would do if BBP went into liquidation. That report was completed about a month ago and he has not heard anything since.

Obviously it was only a prelim report, but it could be a possible warning sign.
 
I wish Banksa information is correct and hopefully its a take over bid.
Even at 20 cents would be cheap. If it was a takeover bid surely info would have leaked and BBP would be going north rather south before trading halt.
On the contrary Iam wont be surprised if the Banks have pulled the pin like BNB.
With BBI coming with series of bad news this week I hope BBP comes with a good one for a change.
 
The wording BBP used in that announcement did not read well. I am hoping that the takeover rumour has some credence but after reading that announcement I am now expecting bad news. I hope I am wrong because bad news from BBP will impact BBI. Sentiment will be rock bottom.
I have a small holding in BBP and a much larger holding in BBI/BEPPA.
 
I just read BBPs request for the trading halt.

It does not sound positive at all.

Hopefully its not too bad and/or has already been priced in to a large extent.
 
banska bystrica said:
The wording BBP used in that announcement did not read well. I am hoping that the takeover rumour has some credence but after reading that announcement I am now expecting bad news. I hope I am wrong because bad news from BBP will impact BBI. Sentiment will be rock bottom.
I have a small holding in BBP and a much larger holding in BBI/BEPPA.
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investorpaul said:
I just read BBPs request for the trading halt.

It does not sound positive at all.

Hopefully its not too bad and/or has already been priced in to a large extent.
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As i have said, i know insolvency firms were preparing reports as to what actions they would take. Of course that doesnt mean they will fold, but its probably not a good sign...
 
banska bystrica said:
The wording BBP used in that announcement did not read well. I am hoping that the takeover rumour has some credence but after reading that announcement I am now expecting bad news. I hope I am wrong because bad news from BBP will impact BBI. Sentiment will be rock bottom.
I have a small holding in BBP and a much larger holding in BBI/BEPPA.
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I hope it's good news too. I don't own any BBP but my father owns a few that he paid 26c and my brother in law has some at 11c.

By the wording of the annoucement it does sound like it could go either way.
 
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