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BBW - Babcock & Brown Wind Partners Group

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What's in a name?

Well, if it's got Babcock in it - then people are going to set the boot in everytime BNB trips.

Yesterday was smash BBI, today it was smash BBW and as for BBP - well, that just deserves to be smashed anyway.

Interestingly BBW have no shareholdings or loans with BNB but get smashed anyway.

Personally I don't believe that BBI nor BBW deserve the current market treatment (correct me if I'm wrong). They hardly have anywhere near the financial problems that BBP have.

In any case, I have topped up on both BBI and BBW at these great prices.

BBP??? - wouldn't touch it with a rusty fence post!
 
I wonder if someone can tell me why selling an asset and making a great profit would prompt the SP fall as described on the Comsec website:

Babcock & Brown Wind (BBW) fell 22pct or 28.5c to $1.025 after the company announced it had agreed to sell its Spanish assets to Formento de Construcciones y Contratas for an estimated profit before costs of about $266 million. The installed capacity of 420.7 megawatts from 14 Spanish wind farms, represents a disposal of about 17pct of BBW�s total portfolio.


To me, if you buy something, then sell it at a good profit, then that's a great business outcome.

I did note that on close, BBW had over 6 million units bid at $1.15 at market close pre-open pushing the SP up $0.05 on close - obviously I wasn't the only one that thought BBW was oversold.
 
roland said:
What's in a name?

Well, if it's got Babcock in it - then people are going to set the boot in everytime BNB trips.

Yesterday was smash BBI, today it was smash BBW and as for BBP - well, that just deserves to be smashed anyway.

Interestingly BBW have no shareholdings or loans with BNB but get smashed anyway.

Personally I don't believe that BBI nor BBW deserve the current market treatment (correct me if I'm wrong). They hardly have anywhere near the financial problems that BBP have.

In any case, I have topped up on both BBI and BBW at these great prices.

BBP??? - wouldn't touch it with a rusty fence post!
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Sometimes being rational or rationalising a decision in an irrational marketplace can produce a dire outcome. Whilst it defies logic, sometimes it pays to follow the irrationality - in the short term, anyway.
 
BBW, like most of the market got smashed again.

However, the announced share buy back did stem the fall. I'm still feeling pretty good about BBW. Picked up some more at .92

The capital return due in the next couple of days will knock my average back by a few cents - so I am quite comfortable with the prospects.

I'm quite happy with the annoucement to buy back 10%
 
Children's Investment Fund of UK has increased stake to 5.29%

Now if that is not averaging down then nothing is.
 

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The Children's Investment Fund of UK has now increased their stake to 9.53% of BBW

Capital return came in today - pretty happy with all this so far :)
 

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and yet another increase in holdings for BBW - Kairos Fund Limited increased stake from 9.22 to 10.01%

mmm, never heard of them
 
Thought I would spread my misery around with all my holdings. Maybe my losses will brighten up someone else.

BBW -26.50%
 
Am I missing something?

BBW, Last Trade (Close) $1.085 up 3.828%

Low for the day was 1.015? (about -6.5% from days open)
 
depends on what your average cost is - mine is $1.4763 - so I am down 26.5%

currently have an unrealised loss of $7,473

have had some realised profits though - only $2,769, so syill looking at a $4K paper loss just on BBW
 
Cool. I get ya now after reading your post - its how much you are down on your holdings.

I panicked when I saw you post and thought it was the daily loss of BBW.
 
I've been doing some reading on the Children's Investment Fund.

Nice summary here:
http://en.wikipedia.org/wiki/The_Children's_Investment_Fund_Management

The head honcho has a rep for roughing things up ... perhaps they'll go for an attempt to sever the BNB parent?

Perhaps they'll go after the BNB parent to force them to sever ties?

Oh and to comfort Roland - BBW for me today is -45.86%.

89c close today. Interesting. But I'm already at my limit for investment in a single share, and I dare not break that rule (only done that twice - ZFX and BBP, and look where that's got me!).
 
By the way.

What happens to these little off shoots when babcock eventually goes bust?

.................................................
 
BBW Announcement - Initial Directors Interest Notice

Name of Director
Graham Kelly
Date of appointment
20 October 2008 for each of Babcock & Brown Wind Partners Limited, Babcock & Brown Wind Partners Services Limited and Babcock & Brown Wind Partners (Bermuda) Limited


Number & class of securities
10,000
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What a whimp - I've got twice as many !

- probably less than a months salary
 
Gday,
I was just wondering what will happen to BBW if babcock and brown go bust?
It doesnt look like a bad long term investment, as clean energy will be a thing of the future. It just depends if they can survive the current market conditions....
The fact they are paying their distributions out of debt worries me though.
Thanks in advance for your responses
Cheers
 
Looks like Babcock and Brown Wind are close to being unleashed.:

18 December 2008
TERMINATION OF MANAGEMENT & ADVISORY AGREEMENTS AND
INTERNALISATION OF BBW MANAGEMENT

Babcock & Brown Wind Partners (ASX: BBW) has today reached in principle
agreement with Babcock & Brown (ASX: BNB) to terminate the management
agreements and the exclusive financial advisory agreement and to internalise the management function of BBW for a total cash payment of A$40 million comprising:

• an upfront payment of A$35 million; and
• a deferred payment of A$5 million, payable on 30 June 2009.

As part of the initial phase of the internalisation, the management agreements between BBW and Babcock & Brown Wind Partners Management Pty Ltd (Manager) (a wholly owned subsidiary of B&B) will be terminated. The existing BBW management team, which is currently employed by the Manager, will continue in their operational roles and will be offered positions as direct employees of BBW, to commence on 1 January 2009. BBW will assume existing employee entitlements, including certain incentive amounts relating to previous employment with B&B.
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Pre-open looks good, unleash the gale!
 
I like them. Unleash the gale indeed.

I think a name change is inevitable and probably inement. With that there may be some announcements on the company. Nice charts as well. I have an average price of 88c on these so am looking to hold for the time being. Haven't moved much for the past week but have held strong.

Thanks
 
It seems TCI now want out but having bought in heavily last year at around $1.20, with an expected div of about 13c, they are now faced with a capital loss of around 25% and a future div of only 9 c. Their solution is to sell everything and hand out the cash to shareholders.

Personally I feel BBW has a pretty assured future with moderate growth prospects, basically a boring but reliable infrastructure with reliable dividends. They wont get my support.
 
Personally I feel BBW has a pretty assured future with moderate growth prospects, basically a boring but reliable infrastructure with reliable dividends
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I agree with you about the future of BBW and I for one would be very surprised if they wound the fund up given their long-term prospects.

I also think that BBW has strong growth prospects in the future, and I view the US as being the key to this. At present wind contributes 1% of the electricity needs of the US and it is widely projected to contribute 20% by the year 2030. If it gets anywhere near this figure not accounting for what may or may not happen in Australia and elsewhere, the future looks very bright for BBW indeed.

I would however be more convinced in BBW as an investment given the construction of transmission lines, the construction of offshore wind farms as distinct to onshore wind farms, and the implementation of some sort of storage technology which would solve wind power's intermittency problems.

I have yet to invest in BBW, but provided it remains listed I am likely to do so in the future, especially if the above issues are taken care of.
 
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