BNB - Babcock & Brown

[yuan84dk]

please tell me im not the only one still holding BNB

If banks start calling in their loans.. What would happen?
We are at almost a 80% loss since the highest point. crazy.

ahh time travel. If only.

I'm holding 1700 BNB shares including 1000 bought today @ $7.7. Didnt wanna buy but the price was ridiculously cheap at that time. 2Hrs later, I realised $7.7 was just not cheap enough!!!

 

[prawn_86]

I'm holding 1700 BNB shares including 1000 bought today @ $7.7. Didnt wanna buy but the price was ridiculously cheap at that time. 2Hrs later, I realised $7.7 was just not cheap enough!!!

Either you have never heard what they say about falling knives, or you chose not to heed it.



I thought BNB and MacBank may have escaped the worst of it, but the crunch is back with a vengance!

 

[kingbrown]

BNB bargain of the day ?

Well I bought into BNB today
Yes i may be insane

i chased it up and down Paid $7:20

NOTE :
Commsec, Etrade sites jammed up on the BNB market depth
So no one could trade for around 15 to 20 mins
Did any one else notice ??
Guess pannick set in and it was smashed again and went to 6.80

Well as a new BNB owner
After reading all your postings maybe i should not of purchased this bargain ?

Well i have decided to throw a life jacket on for the morning trade
And will promtly jump the BNB ship if the price fails in morn trade

As will thousands of other small and large punters
if some of your dire predicions on this page come true

 

[barnz2k]

I'm holding 1700 BNB shares including 1000 bought today @ $7.7. Didnt wanna buy but the price was ridiculously cheap at that time. 2Hrs later, I realised $7.7 was just not cheap enough!!!

You're a brave man Yuan.

Prawn - vengence indeed. My folio is now back to the territory it took 3 months to claw out of, and only took a matter of days to fall back to it.

Sigh.

 

[cordelia]

very sorry for those holding this stock.. I am not a holder ..if I was I would be getting my money out..what is left of it..if centro and AFG are anything to go by...

 

[Pat]

Re: WELL THAT WILL DO ME!!UNLIMITED STUPIDITY

anyway, i wouldnt be suprised if you saw a decent size bounce in the next couple of trading days... it would be a good opportunity to sell if you are still holding IMO...

Very possible, you'd think quite a few stops where hit in the panic.

Such a shame the market now days.. everyone was making so much money

not holding, still hope for that bounce.

 

[michael_selway]

MQG has the better balance sheet. But then again who knows what lies beneath. Trust no-one is the motto in this god awful credit crunch.

BNB is a sitting duck now. Banks will be all over them like a rash a la Centro, AFG, ABS, MFS. Poor buggers - it was nearly bonus time too. They might be saved by their 'more opaque than AFG' structure, meaning someone can figure out what it is they are buying. But as we have seen with Centro, these banking syndicates are very difficult to deal with given there is a decided stench coming form most of their back yards as well.

Ye gods - tread carefully people.

Yep dont forget CCP & CIY also!

BNB - Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 172.0 193.6 200.0 229.0
DPS 54.4 60.3 61.5 69.8

Date: 6/6/2008
Author: Vesna Poljak
Source: The Australian Financial Review --- Page: 56
The listed investment fund model is not broken, according to Babcock & Brown(B&B) global head of infrastructure, Peter Hofbauer. Speaking in June 2008,Hofbauer said the model is not unique to companies such as B&B or MacquarieGroup, but is used by all institutional investors who trade shares. Hofbauersaid the only way for the model to disappear would be if it was determined thatpeople would no longer appoint others to provide services aimed at increasingthe value of their assets. Hofbauer said this is unlikely to occur in the nearfuture

thx

MS

 

[yuan84dk]

You're a brave man Yuan.

Prawn - vengence indeed. My folio is now back to the territory it took 3 months to claw out of, and only took a matter of days to fall back to it.

Sigh.

Hey barnz2k,

I thought you were a loyal BNB buyer rite? Saw a couple of posters of yours eariler...are you still holding any now?

Why I bouhgt these just simply because I dont think this is the end of it, of the company. I used to pay over 20k for 1,000 shares in near past...this is really a bargin to pick. Yea...BNB might have taken a severe hit of credit, debt and BBP that little brother...BNB is all over the news today and also would be the headlines tomorrow as well saying hedge funds, then hedge funds kick the ball back to its shareholders. I still dont see any explaination to today, anything foundamental.

But Phil did mention one thing alrite. While he's making $22M a year, its shareholders do experience a hardship which is share price related.

 

[MRC & Co]

Re: WELL THAT WILL DO ME!!UNLIMITED STUPIDITY

...my first loss in 3 years that I haven't been able to cover with a gain.

How do you mean?

Any capital loss you can not write off against a capital gain, you can carry forward until a time where you have a capital gain to write it off against.

 

[barnz2k]

Hey barnz2k,

I thought you were a loyal BNB buyer rite? Saw a couple of posters of yours eariler...are you still holding any now?

yep still holding, Although after recent days I wish I wasnt. Even if the fundamentals are OK, both BNB and MQG have simply been hammered to a point where it is going to take a lot of work to make a recovery, if it can at all.
Id like to believe it can come back. I hope it can...

 

[eMark]

Re: WELL THAT WILL DO ME!!UNLIMITED STUPIDITY

Not expecting you to be an accountant or anything, but can you write off capital loss against your regular joe taxable income (ie your everyday job)?

How do you mean?

Any capital loss you can not write off against a capital gain, you can carry forward until a time where you have a capital gain to write it off against.

 

[cameron_bol]

Re: WELL THAT WILL DO ME!!UNLIMITED STUPIDITY

Not expecting you to be an accountant or anything, but can you write off capital loss against your regular joe taxable income (ie your everyday job)?

Nah, capital losses can only be used to offset capital gains. You can, as far as i know, use income losses (not that you'd want to have that) to offset capital gains though, just not the other way around.

 

[doctorj]

Re: WELL THAT WILL DO ME!!UNLIMITED STUPIDITY

Not expecting you to be an accountant or anything, but can you write off capital loss against your regular joe taxable income (ie your everyday job)?

This advice is probably worth every cent you paid for it, but generally, a realised or unrealised capital loss is not deductible against your income.

See a tax accountant for tax advice.

 

[eMark]

Re: WELL THAT WILL DO ME!!UNLIMITED STUPIDITY

Nah, capital losses can only be used to offset capital gains. You can, as far as i know, use income losses (not that you'd want to have that) to offset capital gains though, just not the other way around.

Not turning this into a tax thread. But just a really quick clarification.

Not real figures

50k profit (capital)

100k loss (capital)

How does that work?

 

[Mr_T]

Re: WELL THAT WILL DO ME!!UNLIMITED STUPIDITY

This advice is probably worth every cent you paid for it, but generally, a realised or unrealised capital loss is not deductible against your income.

See a tax accountant for tax advice.

It's not deductible in the sense that you can't offset it against most types of income eg salary. However, capital losses CAN be offset against capital gains. If there are insufficient capital gains in the current financial year, the capital losses can be carried forwards and offset against capital gains in a future financial year.

God I hate it when people talk like they're experts when the dont know poo.

Have a look at s 102-5 of the Income Tax Assessment Act 1997, step 2 talks about applying net capital losses from previous years.

 

[cameron_bol]

Re: WELL THAT WILL DO ME!!UNLIMITED STUPIDITY

Not turning this into a tax thread. But just a really quick clarification.

Not real figures

50k profit (capital)

100k loss (capital)

How does that work?

You wouldn't pay any tax on the capital gain (offset the 50k profit with 50k loss) and you'd have 50k deferred capital loss carried over to next financial year. I.e. you'll have 50k capital losses to offset your capital gains next year.

Edit: obviously i'm no expert and do your own research into this.

 

[STYLSH]

You make a net capital loss of 50k which will be rolled over to the following financial year.

eg if next year you make 50k capital gain, then you'll have a net gain of 0

And here i was hoping that something bad like this wouldnt happen to bnb

[edit] beaten by 1 min

[edit #2]
I was reading the thing about "share trader" vs "share holder" in the ato site and if you are classed as a "share trader" you could use your loss as a deduction. (BUT i could have read it wrong)

 

[Mr_T]

Re: WELL THAT WILL DO ME!!UNLIMITED STUPIDITY

Not turning this into a tax thread. But just a really quick clarification.

Not real figures

50k profit (capital)

100k loss (capital)

How does that work?

You offset the 100K loss against the 50K gain, and so have a net capital loss of 50K. This can be carried forward and used to reduce a future capital gain.

By the way, there is no 50% Capital Gains Tax discount applicable in this case for the capital gain. The 50% discount, when it applies, is applied after gains and losses have been netted off, and then only if this netted off amount results in a gain. Since the netting off process here produces a loss, there can be no 50% discount.

 

[Mr_T]

You make a net capital loss of 50k which will be rolled over to the following financial year.

eg if next year you make 50k capital gain, then you'll have a net gain of 0

And here i was hoping that something bad like this wouldnt happen to bnb

[edit] beaten by 1 min

[edit #2]
I was reading the thing about "share trader" vs "share holder" in the ato site and if you are classed as a "share trader" you could use your loss as a deduction. (BUT i could have read it wrong)

Yes, that is correct, as a share trader is in the business of trading, so their losses are deductible (subject to the non-commercial loss provisions).

 

[eMark]

Re: WELL THAT WILL DO ME!!UNLIMITED STUPIDITY

Thanks Mr T.

So no matter how much you are taxed on your salary, you can't offset any capital losses.

....and capital losses can only be used to offset capital gains.

So in affect you can't "claim" capital losses.......no matter how substantial.

Apart from against capital gains.

It's not deductible in the sense that you can't offset it against most types of income eg salary. However, capital losses CAN be offset against capital gains. If there are insufficient capital gains in the current financial year, the capital losses can be carried forwards and offset against capital gains in a future financial year.

God I hate it when people talk like they're experts when the dont know poo.

Have a look at s 102-5 of the Income Tax Assessment Act 1997, step 2 talks about applying net capital losses from previous years.