BNB - Babcock & Brown

[Aussiest]

in fact most brokers have targets of between $15 and $20.

Most brokers don't know what they are talking about. Smart Investor magazine was tipping this stock months ago, along with a whole lot of other people.

Let me guess, your broker has a long position in BNB and needs the price to go back up?! You may get a bounce, i'm not sure, but going on past history, i wouldn't touch this stock with a ten foot barge pole...

Just my .

 

[prawn_86]

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.

When has a stock ever reached a brokers target?

Have fun taking on debt to buy a depreciating assett, which is trending down massively and its future is clouded with covenants as it is virtually owned by the banks and has no solid debt free assets.

I have a feeling we wont see you around for long...

 

[Sean K]

Cripes, match price is $3.00 at the moment.

Good luck longs.

Grave fears that this may be the first really significant casualty of the credit crisis in Australia.

Or, it'll be bailed out in a takeover by someone picking up the scraps.

 

[lasty]

BNB
Its debt ridden
Its down here for a reason.The reason?
Its taking on water faster than it can bail it out.
Watch the spin...
They may be changing captains of the ship today but if its got a gaping hole in it, new hands on the wheel will do zero
Sell the dips !!!!!!

 

[dhukka]

Cripes, match price is $3.00 at the moment.

Good luck longs.

Grave fears that this may be the first really significant casualty of the credit crisis in Australia.

Or, it'll be bailed out in a takeover by someone picking up the scraps.

OUCH! complete elimination of the dividend. At least they are not trying to prop up a dividend they can't afford like some US institutions are doing. If this company survives it will be in a vastly different format.

 

[gav]

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

where your chart says "ppl getting out here and here", i think it would be more a case of the masses closing their shorts, rather than share holders getting out...

 

[lasty]

The question now is who is exposed in a big way to them?
ANZ no doubt but there must be more casualties.
The hunt is on.

 

[prawn_86]

where your chart says "ppl getting out here and here", i think it would be more a case of the masses closing their shorts, rather than share holders getting out...

Staff and mangement own a huge % of BNB. Add some instos in there and t leaves very little to be shorted with. Remember all those short selling with CFDs are not actually taking hold of any physical stock either.

Shorting gets blamed for way too much IMO. What did people blame 10 years ago?

 

[Sean K]

The question now is who is exposed in a big way to them?
ANZ no doubt but there must be more casualties.
The hunt is on.

I don't care too much about the instos. This was a frindge Mum and Dad stock, who have liked to buy over the past 3 years, but don't know where the sell button is. Personal wealth of some older Australians is being significantly erroded.

 

[skyQuake]

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.

and

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!!.

Thus by logical progression. The best price is when the stock hits $0 when it goes bust. Good luck there.

 

[skyQuake]

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.

Those were issued by analysts 6-12months ago before **** hit the financial fans and huge blob landed on BNB.
A few days ago either Citi or UBS put a new price target of $1.34 on BNB.

fwiw, i think hes trolling. So no real losses there...

EDIT: Found link. UBS New target $1.24 lol
http://business.smh.com.au/business/green-to-exit-babcock--brown-20080820-3yhs.html

 

[prawn_86]

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!!

So by this theory you are buying every stock on the bourse then, and have been buying for the last 3 months or so. If you bought on open today like you said you are already down another 6%. You must be down millions by now all up...

Also, putting my mod hat on:

If you dont provide more solid reasonings with your further posts they will be removed. Saying you will on a yacht does not qualify as solid reasoning. Read the site guidelines if you havnt already.

Thanks

 

[prawn_86]

Phil Green and Jim Babcock both stepping down. More like pushed out. Had to happen.

http://www.news.com.au/business/story/0,27753,24217332-462,00.html

 

[Aussiest]

Oh my goshhhhhhhh.
I wonder who'll be next?

ANZ? NAB?

I'm worried about Macquarie now... They're my broker, i'm gonna make sure i buy shares rather than CFDs till this 'crisis' is over.

 

[Aussiest]

I know this is crazy, but i wonder if it is worth taking 1,000 long on BNB right now? Afterall, it could almost be classed as a speculative stock... If it goes bust, you'll only lose around $2,500 (i don't encourage losing money, but you get my drift).

*Disclaimer: i do not intend taking the above-mentioned position, my post is purely meant as conjucture

I actually feel sorry for all the mum and dad investors who got sucked into this stock.

 

[skyQuake]

Id rather spend that $2500 on a holiday... Or even Blackjack.
Personally I would short $2500 of BNB if i was given an absolute choice of long or short. imo if you're not sure, then you're gambling.

 

[Mr_T]

OK, I shouldn't really be doing this, but I just feel an overwhelming urge to say this:

I told you so.

 

[Aussiest]

Id rather spend that $2500 on a holiday... Or even Blackjack.

Lol. I should start a thread asking people what they'd like to spend $2,500 on rather than buying BNB shares .

 

[Aussiest]

OK, I shouldn't really be doing this, but I just feel an overwhelming urge to say this:

I told you so.

For some reason, i always had a bad 'feeling' about buying BNB shares. Even when everybody was recommending them, Smart Investor and other so-called expert 'publications', i resisted. Thank goodness.

YOU REALLY HAVE TO BE CAREFUL ABOUT THOSE SO CALLED EXPERTS OUT THERE. Trust your instincts people (and do your own research). If you have a bad feeling about something, do not do it. They're all pushing their own agenda...

 

[discman]

YOU REALLY HAVE TO BE CAREFUL ABOUT THOSE SO CALLED EXPERTS OUT THERE. Trust your instincts people (and do your own research). If you have a bad feeling about something, do not do it. They're all pushing their own agenda...

Hi Mate, I am one of those suckers who bought BNB on EXPERTS advice from SMART INVESTMENT magazine. They rate the BNB as high return and LOW risk which it was around $16.
I got the profit "affirmed" from ex-CEO (Green), and all the ticks from other "EXPERTS" brokers before I bought....well.... still screw up, big time.