Australian (ASX) Stock Market Forum

BNB - Babcock & Brown

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Yep, thats the one. I was watching bloomberg today when they were referring to that story, and suggesting an announcement would be made next week.

BNB have issued an announcement today, saying the speculation by bloomberg today, was without foundation - or words to that effect.
 
*********************
Babcock & Brown – Successful Completion of Book Build
International investment and advisory firm Babcock & Brown (ASX: BNB)
announced today the successful completion of an accelerated global book build
of shares sourced from Babcock & Brown employees. Under the book build
approximately 19 million shares were sold at a price of $25.20 per share by
employees.
Phil Green Chief Executive of Babcock & Brown said, “The book build process
has given us the opportunity to expand our institutional shareholder base. The
significant support from offshore institutional investors, following a recent
international road show, is particularly pleasing in light of the recent volatility in
global equity markets.
“Babcock & Brown did not raise any new capital in the book build process. As
outlined in our recent results presentation we have significant financial capacity
from a range of existing sources and have no current intention of issuing new
equity in relation to any specific transaction currently being considered.
However we are continually considering new opportunities and depending on
the structure and timing of any new transactions do not rule out the possibility of
issuing additional capital if appropriate. As stated many times previously,
Babcock & Brown will only raise further capital if we are confident that we can
earn an ROE on the incremental capital within our target range of 25-30%.
***************
 
didnt know anything about this stock but saw it as a 'related thread' and it looks interesting.
if you count the recovery form a drop, its gone up almost 30% in the last 3 months!

thats enormous. any thoughts on the future of this stock?
 
barnz2k said:
didnt know anything about this stock but saw it as a 'related thread' and it looks interesting.
if you count the recovery form a drop, its gone up almost 30% in the last 3 months!

thats enormous. any thoughts on the future of this stock?
Click to expand...

BNB and MBL are Australia's 2 largest investment banks, i missed out on MBL when i was cheap..but i didn't make the same mistake with this one. Been holding BNB for close to 2 yrs now and it's one of my fav long term stocks. current payout ratio is fairly low but with tremendous growth potential/prospects..the capital gains on this stock more than makes up for it
 
barnz2k said:
thats enormous. any thoughts on the future of this stock?
Click to expand...
I totally agree with sleeper. Top notch management. This is probably my favorite long term stock. holding 2 years.
 
im holding off of buying any more stock just now waiting to sort some shyt out. but hell if it kept up that run. Maybe it will drop back a little again and let me buy in.

Curious, what was it at 2 years ago when you guys got in?

btw thanks for fast repsonse!
 
I bought in at $11.00. I would wait until the next market correction and then stock up. Should be able to get them at a better value then at the moment.
 
$14.10 for me, i wonder if anyone has been holding since the IPO in Nov 04, back then shares where issued at $5..listed at approx $8. It has come along way in less than 3 years
 
I missed out on the IPO but bought at 8.45 and then 9.75 and still holding. At the time I promised myself I'd buy more before they went over $12 but of course I kept buying other stuff. Anyway I'm more than happy to be holding my little parcel which I will continue to hold long term. Certainly if there is a correction and it gets back below $30 I'll pick up another small parcel (certainly smaller than those I picked up just after the IPO.
 
If you are looking for a very well plased subsidery or off shoot of BNB try BBI I have had it since it was in the low $1 mark and now $1.95 ready to crack $2. BNB has spinned off all its assets into various stock like BBI and the capital Growth is great and yield is also grat with the spin off stock. Another spin off stoc is BBW an i only wished I bought some of those when they were $1.5, hit $2.07 today, with both BBI and BBW going to goin enourmosly from the new buy out of Alinita @ $16.46 / share. I ham hoping BBI and BBW will be $5-$10++ stock in the next 2 yrs.
kind reg
ang
 
Ang said:
If you are looking for a very well plased subsidery or off shoot of BNB try BBI I have had it since it was in the low $1 mark and now $1.95 ready to crack $2. BNB has spinned off all its assets into various stock like BBI and the capital Growth is great and yield is also grat with the spin off stock. Another spin off stoc is BBW an i only wished I bought some of those when they were $1.5, hit $2.07 today, with both BBI and BBW going to goin enourmosly from the new buy out of Alinita @ $16.46 / share. I ham hoping BBI and BBW will be $5-$10++ stock in the next 2 yrs.
kind reg
ang
Click to expand...

i agree with you totally..but u left out BBP..it has also been a performer although i sold it just under $3
 
Great info!
Cheers guys.

Il keep an eye on BNB and its subs, maybe go shopping in the next sale, i mean correction haha

you guys must be stoked - 200% increase in under 3years!! amazing.
 
Upgrades 2007 profit forecast to $550m (35% growth on 2006), with EPS approaching 30% if this target can be achieved
 
barnz2k said:
Great info!
Cheers guys.

Il keep an eye on BNB and its subs, maybe go shopping in the next sale, i mean correction haha

you guys must be stoked - 200% increase in under 3years!! amazing.
Click to expand...

BBI is cheap now while they recieved bad news that they were not accepted in the take over. Those bloody commissioners, what right do they have. Anyway they have not changed their profit projections.
I am hanging in there.
Kind regards
ang
 
Cheers Ang!
I was actually looking at the chart on Friday and thinking about it.
I got a letter about more MBL shares for $87 (its currently 89 and was almost 100 a week ago) so im thinking about it - but Im leaning towards BNB IF i get something - my money situation is still uncertain

If BNB arent successful at this bid maybe MBL is and il win either way hahahah
 
barnz2k said:
Great info!
Cheers guys.

Il keep an eye on BNB and its subs, maybe go shopping in the next sale, i mean correction haha

you guys must be stoked - 200% increase in under 3years!! amazing.
Click to expand...

Please dont forget AFG, MFS & MBL!

thx

MS

BNB - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 115.4 151.3 178.7 203.0
DPS 36.0 47.0 55.2 62.8

EPS(c) PE Growth
Year Ending 30-12-07 151.3 20.7 31.1%
Year Ending 30-12-08 178.7 17.6 18.1%
 
Hey all just looking at the chart for BNB,

I am still new to charting but looks like it has double bottomed.

MACD have just crossed although volume is low...

Just passed its all time high too.

Looks bullish, i am in just to test this charting theory. :p:

Hypnotic
 

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