BNB - Babcock & Brown

[YELNATS]

72k worth went through at $8 this morning before opening. I wonder if it was just shifting between funds or if that is a buy out price...

I see that, with a comment "Exercise Putl", whatever that means. An $8 buyout/takeover could be welcome at this time.

 

[explod]

Mr Restel said Babcock & Brown's woes were not Mr Green's fault.

"The credit crunch hit at a very bad time," Mr Restel said.
-------------------

HAHAHAHA - what a joke. Why were 100 millions of bonuses paided to employees if they aren't responsible for the results in both good times and bad? BNB was just one big free roll (heads I win, tails you lose) at shareholders expense.

Absolutely. I have been reading books by insightful economists who predicted the current fianancial mess from 2002. At a time when many of these rubbery businesses were inspired.

They ought to be hung and quartered in the town square.

 

[limeymovie]

This appears to now be a great buy.

What does everyone else think of the future of this company? I was going to buy in at $15 and thought that I had missed out. It now seems like Christmas with sucha low price. It's as if you can't lose now.

 

[questionall_42]

This appears to now be a great buy.

What does everyone else think of the future of this company? I was going to buy in at $15 and thought that I had missed out. It now seems like Christmas with sucha low price. It's as if you can't lose now.

please please enlighten us as to why this is a great buy limeymovie. I would avoid this from all perspectives - a company in decline with asset sales imminent and a business model in disarray in a bear market.

 

[alleyronin]

Apologies for my typo. I meant company, not country.

Business Spectator has a few interesting articles today written by Alan Kohler about Babcock and Brown.

I was just trying to lighten up your mood

Kohler is probably the most astute conmmentator around and has been for a very long time. The sooner Babcock and Green step away the better it will be for everyone. I'm still sitting on a few BBW shares........ I figure they are about the safest of their funds, but even these have taken a hammering over the last couple of days

 

[prawn_86]

please please enlighten us as to why this is a great buy limeymovie. I would avoid this from all perspectives - a company in decline with asset sales imminent and a business model in disarray in a bear market.

Not to mention crushing debt clauses and incompetent management.

Limey whats your take on things since you think it is such a bargain? I think you are still holding and are trying to get out at a higher price...

 

[Mr_T]

Not to mention crushing debt clauses and incompetent management.

Limey whats your take on things since you think it is such a bargain? I think you are still holding and are trying to get out at a higher price...

Not just incompetent, but greedy greedy greedy. Uncle Phil was one of Australia's highest paid CEO.

How about paying it back Uncle Phil?

 

[Mr_T]

I was just trying to lighten up your mood

Kohler is probably the most astute conmmentator around and has been for a very long time. The sooner Babcock and Green step away the better it will be for everyone. I'm still sitting on a few BBW shares........ I figure they are about the safest of their funds, but even these have taken a hammering over the last couple of days

No need to lighten up my mood. I haven't owned BNB shares for a long long time. If I did, then certainly my mood would need mega lightening.

 

[limeymovie]

please please enlighten us as to why this is a great buy.

I can't believe how naive some of you people are. This was $40 a year or 2 back now it is less that $4. I call that the buy of the century. When it goes back up to $40 that will be a 1000% increase. I will become a millionaire!!

 

[johenmo]

Is this too little too late?

COMPARESHARES.com:
"Investment group Babcock & Brown Ltd (B&B) plans to announce an overhaul of its business when it reports its first half results on Thursday, The Australian newspaper's online business website says.

The overhaul is aimed at creating a tighter corporate structure.

As well, B&B chairman Jim Babcock and chief executive Phil Green are set to step aside, although Mr Green is expected to remain as a non-executive director, the online report says.

It also says Mr Green will be replaced as chief executive by finance head Michael Larkin."



When I read this first thought was that they were afraid the shares might go up due to the above news. LOL!!!!
"Shares in B&B were in a trading halt..."

 

[johenmo]

CompareShare.com....."recommendations" August 18
http://compareshares.com.au/black26.php

"HOLD RECOMMENDATION

Babcock & Brown (BNB)

Our concerns include the potential for further sizeable write-downs. The second is possibly needing to provide bridging loans to satellite funds and the third is potential further delays to asset sales. However, we believe there is substantial value in BNB's development assets. Provided the company can navigate safely through the current storm, there is value to be unlocked, although it may take time for the company to repair its reputation. Our target price is $7.50."

It seems a brave call, considering the last 3 - 6 months.

I have a tiny parcel which I held for curiosity sake. It looks like curiosity may kill the cat!!

 

[subaru69]

I can't believe how naive some of you people are. This was $40 a year or 2 back now it is less that $4. I call that the buy of the century. When it goes back up to $40 that will be a 1000% increase. I will become a millionaire!!

I don't even know what to say

My Mother always said ' if you don't have anything good to say then..'

So here goes: At least your cup is half full.

Maybe my AFG shares will do the same thing

Seriously though limeymovie I wish you luck, because it doesn't sound like there's much skill if what you said above is your strategy.

 

[aacantona]

I can't believe how naive some of you people are. This was $40 a year or 2 back now it is less that $4. I call that the buy of the century. When it goes back up to $40 that will be a 1000% increase. I will become a millionaire!!

If it were $2 and that is a pretty steep decline i still wouldn't touch it. BNB might be able to recover its value in the long term but for the moment its a sinking ship!

 

[Judd]

I can't believe how naive some of you people are. This was $40 a year or 2 back now it is less that $4. I call that the buy of the century. When it goes back up to $40 that will be a 1000% increase. I will become a millionaire!!

Debt, debt and more debt. It killed John Spalvin's Adsteam, totaled Alan Bond's Bell Corp, murdered Quintex and Chris fled, Hooker Corporation and George Hurscu fled. Further back, Cambridge Credit Corp.

WTF do you think B&B has besides assets and is (not so) slowly strangling it to death?

 

[limeymovie]

You guys seem to be putting me off so you can keep all the shares for yourself. It's not going to work. I am not that stupid.

I will be buying big when it comes out of the trading halt. I will send you a postcard from my yacht in the Bahama's next year!!

 

[subaru69]

You guys seem to be putting me off so you can keep all the shares for yourself. It's not going to work. I am not that stupid.

I will be buying big when it comes out of the trading halt. I will send you a postcard from my yacht in the Bahama's next year!!

Are you taking the p1ss?

I don't own any of this stock. If I did then I would be VERY happy for there to be many people (I would say investor/trader but it doesn't seem to fit) like you propping up the price so I could make an exit.

Over the years I've made plenty of mistakes and still do now. I have no idea how experienced you are in the market but I implore you to sit on the sidelines for a while if you are a newbie. If you are a hard-core trader that moves millions and looking for 1% then I say do your thing because I don't play in that league.

Don't get me wrong, you might be right and BNB might take off but it is now high risk. There are plenty of other stocks that are less risky and have only slightly less potential upside.



Anyway I'm not going to comment further, I've said my

 

[Julia]

I can't believe how naive some of you people are. This was $40 a year or 2 back now it is less that $4. I call that the buy of the century. When it goes back up to $40 that will be a 1000% increase. I will become a millionaire!!

It doesn't occur to you that if a stock falls this far, there might be a very sound reason for it happening?

 

[mike85]

Are you taking the p1ss?

LOL! my thoughts exactly.
although my old man's financial advisor called him today, suggesting that he buy BNB... i would be interested to hear his reasoning behind it...

 

[limeymovie]

It doesn't occur to you that if a stock falls this far, there might be a very sound reason for it happening?

I think it is just the market. There is nothing wrong with this stock, in fact most brokers have targets of between $15 and $20.

I am going to speak to my bank to get a loan to buy more of these.

 

[Garpal Gumnut]

I think it is just the market. There is nothing wrong with this stock, in fact most brokers have targets of between $15 and $20.

I am going to speak to my bank to get a loan to buy more of these.

It doesn't occur to you that if a stock falls this far, there might be a very sound reason for it happening?

Brokers, smokers and dopers.

Read the BNB posts from the beginning on ASF. Those tipping a recovery have been doing so for months.

Julia is on the money.

A chart tells it better than words, always follow the trend, this one is down.

gg