http://www.businessspectator.com.au...arie-eyeing-Babcock--Brown-FA27U?OpenDocument
MQG bidding for BnB!! amazing!
MQG bidding for BnB!! amazing!
BNB - Babcock & Brown
- Thread starter Dakaz
- Start date
-
- Tags
- babcock & brown bnb
- Joined
- 28 September 2007
- Posts
- 1,472
- Reactions
- 8
gee, I don't know how you guys are managing to stay sane with holding BNB. I ditched at an average of $23 and still managed to lose $10K
I just got stung big time again with BBP - makes me wary of anything with Babcock in the name. I'm still, however, with BBP, since the dividend yield (if it holds) is pretty decent.
I've learnt something about my trading with BNB and BBP and it's not good ... I get emotionally attached, and it seems the bigger the investment, the harder it is to say enough is enough.
You also have to do the math, a 20% fall requires a 25% rise just to break even - food for thought.
On the other hand, the further BNB falls, the better value it becomes.
I wish all holders the best of luck, but keep in your head that protecting your capital is paramount ... you can always come and play another day
I just got stung big time again with BBP - makes me wary of anything with Babcock in the name. I'm still, however, with BBP, since the dividend yield (if it holds) is pretty decent.
I've learnt something about my trading with BNB and BBP and it's not good ... I get emotionally attached, and it seems the bigger the investment, the harder it is to say enough is enough.
You also have to do the math, a 20% fall requires a 25% rise just to break even - food for thought.
On the other hand, the further BNB falls, the better value it becomes.
I wish all holders the best of luck, but keep in your head that protecting your capital is paramount ... you can always come and play another day
I'm assuming people are getting margin called and hitting their stops.
Doesn't help when funds are shorting it.
I've been buying up quite a bit since low 12.s
- Joined
- 3 March 2007
- Posts
- 574
- Reactions
- 1
Hedge funds: Making retail investors miserable since 1999.
This company does not deserve to lose this much value, its a good business managed by good people.
The media are handing free ammo to the hedge funds, things are horrible out there in financial-land.
Me and my Dad thought we lost out on BNB two years ago when it was at $14.
This company does not deserve to lose this much value, its a good business managed by good people.
The media are handing free ammo to the hedge funds, things are horrible out there in financial-land.
Me and my Dad thought we lost out on BNB two years ago when it was at $14.
Stop blaming hedge funds & margin calls people.
Reality is that Mr Market has spoken, one does not argue with him.
BNB has engaged in some very dodgy practices. It lost substantial amounts of money on US real estate, yet pretends they have risen in value and puts it as a revenue item in their P & L.
The price keeps going down, Uncle Phil keeps telling us that there's nothing but blue skies. Staff keep taking huge bonuses.
It's an opaque, opaque structure.
Reality is that Mr Market has spoken, one does not argue with him.
BNB has engaged in some very dodgy practices. It lost substantial amounts of money on US real estate, yet pretends they have risen in value and puts it as a revenue item in their P & L.
The price keeps going down, Uncle Phil keeps telling us that there's nothing but blue skies. Staff keep taking huge bonuses.
It's an opaque, opaque structure.
- Joined
- 28 September 2007
- Posts
- 1,472
- Reactions
- 8
BNB getting smashed again. Below $10 for the first time since May '05 
Anyone want to have a go at picking the bottom ?
Anyone want to have a go at picking the bottom ?
My read. Based on the earlier triangle breakout, the target at or around 9.90 has been reached today intraday wise. The next possible low of 9.38 is based on the 2month+ channel breakout. Further down at 8.87 is the low made back in '05.
Depending on how the stock closes by eod, my take is the bottom is very very near. Moving forward there's a good chance that this stock will be making a base at around this price level 9.00-9.40.
ps: I don't hold this stock and I could be wrong.
Depending on how the stock closes by eod, my take is the bottom is very very near. Moving forward there's a good chance that this stock will be making a base at around this price level 9.00-9.40.
ps: I don't hold this stock and I could be wrong.
Attachments
If what is written below is true, the fair value of BNB stock is $0. Eventually all equity will be transferred from shareholders to employees through bonuses. In effect BNB has taken shareholder money to invest, with huge rewards for winning and little financial loss for losing.
http://business.smh.com.au/a-sense-of-irony-helps-at-babcock-20080303-1whm.html
March 3 2008
This year's bonus pool is $573 million to be divvied among 1200 employees.
The bank pays out around half of its gross profit to executives
If I was to describe BNB management in one word, it would be ARROGANCE.
Thank god I sold my stake at 14.50 a few months ago and invested it in a company that actually produces a positive cash flow (BHP).
- Joined
- 28 September 2007
- Posts
- 1,472
- Reactions
- 8
Notice of ceasing to be a substantial holder
To Babcock & Brown Limited (BNB)
ACN/ARSN 108 614 955
1. Details of substantial holder
Name Barclays Group lodged by Barclays Global Investors Australia Limited
ABN 33 001 804 566 (Barclays Global Investors Australia Limited)
The holder ceased to be a substantial holder on 06 June 2008
Can't blame them, sold off 104,719 shares @ $13.57
To Babcock & Brown Limited (BNB)
ACN/ARSN 108 614 955
1. Details of substantial holder
Name Barclays Group lodged by Barclays Global Investors Australia Limited
ABN 33 001 804 566 (Barclays Global Investors Australia Limited)
The holder ceased to be a substantial holder on 06 June 2008
Can't blame them, sold off 104,719 shares @ $13.57
I thought I had read somewhere that around $10 is the trigger point for some large stakeholder's margin calls...can't find the story again but someone please help post a link if you've got it.
I'm starting to watch BNB more around these price levels, but feel that I should wait at least 3-4 weeks for any skeletons to come out of the closet first. :hide:
So far haven't heard of large scale redundancies in the Aussie investment banks - either management is right and there's still a future for the compnay, or it's wrong & the market is calling their bluff.
I'm starting to watch BNB more around these price levels, but feel that I should wait at least 3-4 weeks for any skeletons to come out of the closet first. :hide:
So far haven't heard of large scale redundancies in the Aussie investment banks - either management is right and there's still a future for the compnay, or it's wrong & the market is calling their bluff.
rub92me
Don't look back
- Joined
- 24 April 2006
- Posts
- 1,071
- Reactions
- 6
I read this morning in a Sydney Morning Herald article that their bank financing is conditional on a market cap of 2.5 billion, which equates to a shareprice around 7.50. If that's the case, things could get very scary for BNB pretty soon as today's lead from the US suggests that the financial sector could be in for another hiding today.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,040
- Reactions
- 11,053
I've had this on my close watch list as a potential bottom pick once the dust settles and the hedge funds change their bias, but really, who's to say where this could go. Scarey stuff for any mum and dad, buy and holders..
Can't load charts at the moment, but I doubt you'd see a worse one in a top 100 company.
Can't load charts at the moment, but I doubt you'd see a worse one in a top 100 company.
Doesn't BNB have a "market value" clause in its debt covenant, where the lenders can take a range of actions (including nothing) if its market value drops below a certain amount?
Surely it must be getting close to being triggered.
Edit: I think it's 2.5 billion for 4 months.
Surely it must be getting close to being triggered.
Edit: I think it's 2.5 billion for 4 months.
I also share your pain bluey. I bought this stock for the first time at yesterday's close 9.52 hoping to sell on open today for a profit, ended up selling 8.02. What a disaster and what the hell was i thinking?
- Joined
- 8 October 2007
- Posts
- 5
- Reactions
- 0
Does anyone think this stock has a chance of a rebound or is sell the general concensus? .
Edit: Oh, and I'm not asking for financial advice, just trying to gather a general opinion.
Edit: Oh, and I'm not asking for financial advice, just trying to gather a general opinion.
rub92me
Don't look back
- Joined
- 24 April 2006
- Posts
- 1,071
- Reactions
- 6
Too early to tell really. So far I'm seeing a high volume sell-off. If it ends the day above 9.00 on high volume then that would be a relatively positive sign. I'm not holding and won't be buying this today that's for sure...
