Funny that Alan Kohler has damned BNB, I could have sworn the authors of the Eureka Report were giving it a good wrap a few months ago.
I'm a bit over Alan Kohler, the Eureka Report is a whole lot of uncomitted clap trap...
BNB - Babcock & Brown
- Thread starter Dakaz
- Start date
-
- Tags
- babcock & brown bnb
Funny that Alan Kohler has damned BNB, I could have sworn the authors of the Eureka Report were giving it a good wrap a few months ago.
I'm a bit over Alan Kohler, the Eureka Report is a whole lot of uncomitted clap trap...
- Joined
- 8 November 2007
- Posts
- 314
- Reactions
- 0
Now I finally understand what BNB really stands for; cheap accommodation!
Sorry couldn't resist...
Sorry couldn't resist...
- Joined
- 1 February 2006
- Posts
- 568
- Reactions
- 7
If anyone reads the Huntleys recommednations on ETrade they are just as bad.
Strong Buy (at one point they said "Table Thumping Buy") and this was when the share price was $10-$13. They were still ging with Strong Buy at $6.50. Now they are saying - well we said it was a bit risky.
- Joined
- 1 February 2006
- Posts
- 568
- Reactions
- 7
Agree Julia - disappointing to see that they have just shuffled them around. GET RID OF EM!!! Replace them with the right people for this situation. Then we'll have some confidence back.
BNB seems to have stopped dropping for now.
I think you'd want to see it not drop for over a month before you even thought about considering getting in. You'd think the new board would realise the dire consequences of any wrong moves or any dilliances now.
I think you'd want to see it not drop for over a month before you even thought about considering getting in. You'd think the new board would realise the dire consequences of any wrong moves or any dilliances now.
They're just shameless. I wonder why they make those recommendations? Vested interest, getting their names out there.
- Joined
- 13 June 2007
- Posts
- 1,203
- Reactions
- 2
BNB-15% drop,please explain...
I see bnb got a speeding ticket today,sorry that would be the ticket you get for doing 60 in a 100 in the fast lane,in reverse ticket?
surprising over here no more supporters(hoping everone has taken the tip)looked at the price the other day at $2.34 & thought in the current market it should be 34c less at least then forgot about it.today $2.00
got a lot of work to do BNB in the next 2 years or so,i expect an even more lower sp in the next 3 months...
i'd this drop seems to come from the issue of shares at $12.00+ which where sold off no doubt...tb
I see bnb got a speeding ticket today,sorry that would be the ticket you get for doing 60 in a 100 in the fast lane,in reverse ticket?
surprising over here no more supporters(hoping everone has taken the tip)looked at the price the other day at $2.34 & thought in the current market it should be 34c less at least then forgot about it.today $2.00
got a lot of work to do BNB in the next 2 years or so,i expect an even more lower sp in the next 3 months...
i'd this drop seems to come from the issue of shares at $12.00+ which where sold off no doubt...tb
- Joined
- 20 May 2008
- Posts
- 13
- Reactions
- 0
Are the BNB Convertible Notes (BNBG) still paying out Dividends for the November ex-date? Anybody know?
Their announcement in May suggests so but thats before the dividends for ordinary shares got put on hold.
Their announcement in May suggests so but thats before the dividends for ordinary shares got put on hold.
By law as long as a company is solvent, they must pay their bond holder first
well tax man comes first then bond holder
- Joined
- 13 June 2007
- Posts
- 1,203
- Reactions
- 2
Re: BNb-sub $1.00
look at it smash through a buck in reverse the ponzi of all pyramids getting it sright whack...91c...short of the century...tb
look at it smash through a buck in reverse the ponzi of all pyramids getting it sright whack...91c...short of the century...tb
Maybe the reason Uncle Phil quit was so that he could sell his shares in BNB while they are still worth something. Admittedly his wealth has been heavily eroded, from several hundred million to only a few tens of millions. But if he waited much longer he might have ended up as just an Average Joe. with no substantial wealth And we couldn't have that. After all, Uncle Phil is special....
- Joined
- 1 August 2008
- Posts
- 25
- Reactions
- 0
Re: BNb-sub $1.00
any predictions as to when BNB will file for bankruptcy? - my bet is that they won't get beyond the next 90 days.
any predictions as to when BNB will file for bankruptcy? - my bet is that they won't get beyond the next 90 days.
- Joined
- 1 February 2006
- Posts
- 568
- Reactions
- 7
Hunley's had BNB as a "Table Thumping Buy" when it was around $7. Now they are saying "Risky".
I would have preferred Phil Green to have fallen on his sword (or the board to have dumped him) much sooner. What steps have they taken to reassure investor confidence??? Nothing.
Why was BNB so bullish on FY08 guidance, reaffirming it only to shaft those who trsuted this. Class action coming?
I went past the Bronze bull here in NYC off Wall St. today and I saw Phil Green riding it waving his cowboy hat around.
The other week I bumped into 2 BNB employees in San Francisco (one American and one transferred up from Sydney). Well it was an interesting convo. How bitter the American lass was when I told her it was time for Phil to take some responsibility and be sacked. I said that the Real Estate market in the US was not a wise move and as CEO he has ultimate accountability. She told me 'well it was hot for a while everyone was doing it'. Im telling you this company is in denial.... well it was for a while and now its too late. The Aussie guy was a lot more sharper. That said it is making money and is profitable so I suspect it will be grabbed up by another bank any day now as it would be a very nice addition of a complimentary business. The question is at what price?????? based on its earnings it has to be $10+?? Based on its distress??? who knows. The market has not treated BNB based on earnings but instead distress. Potential for a strong rebound when the realisation that fear has been a large factor or an impending takeover offer?? Fundamentals not as bad as the market has reacted??? If there is a takeover offer will this be enough to rocket the SP over and above this back into survival. Personally I think BNB has been over hammered and it is time for a rebound. I think MQG is well well overdue for a hammering. Many questions go begging...........
- Joined
- 1 February 2006
- Posts
- 568
- Reactions
- 7
Ok given the huge injections of liquidity and bank to bank lending, and the Feds move to cover banking I think BNB is not only going to survive, but once it resumes paying dividend out next year, which I assume will be lower due to the new policy of paying out of income not gearing, then BNB could reflect a much larger SP relative to its dividends. Not to mention that they are re-engineering their business model to be much safer and viable and regaining their brand back, and they are certainly still pulling in some huge and successful deals. So I guess what I am saying is that probably over the next two years I think, and hope for investors sake, that BNB could be back up to double digits. We all know that some of the share price pounding was the hedge funds pounding the stock - but yes they were taking advantage of investor sentiment (and fear) related to BNB, but this is artificial price manipulation over and above what would have been natural. The reality is that if it wasnt for this, BNBs SP would have taken a beating sure, but the companies viability wouldnt have come into question (and thereby cause this snowball affect) - and to be honest Im not sure it has. It still has bank support...... so as long as it can still pull in the deals and make money, as long as it has a Net Asset (currently 2.5B, market cap 350m) why would the banks demand? Just some more of my thoughts now the environment has changed a bit once again overnight.
yes, there are many good employees there that deserve a chance to build it up again.
I've spoken with some of their people thru business before, so when you put an average joe voice and face to it, I think, well what did that employee do to cause any drama's ?
I've spoken with some of their people thru business before, so when you put an average joe voice and face to it, I think, well what did that employee do to cause any drama's ?
I remember earlier this year suggesting on this forum (when BNB was around $10 - $15) that its employees should not be given bonuses this year given the huge fall in its share price, to which someone on this forum answered "but that isn't fair to the employees"
The employees didn't deserve anything then, and they deserve even less now. This is a company built on hype, half truths and financial engineering. Despite its claims to the contrary, it produces a lot of nothing.
The sooner it goes into VA/receivership/liquidation, the better. Maybe then its employees can prove themselves by doing something productive and getting real jobs.
- Joined
- 29 June 2006
- Posts
- 1,458
- Reactions
- 0
so with the negativity around BNB who would be buying it today ? people who think it can pick itself up.. people in the know.. or idiots ???
If I had some indication that it could make good I would jump in .. i didnt do it with centro as I am sure people would prefer to buy the assets in a fire sale.. but BNB the banks might be better of letting it get back into shape rather than taking a big hit themselves and trying to untangle the mess...
If I had some indication that it could make good I would jump in .. i didnt do it with centro as I am sure people would prefer to buy the assets in a fire sale.. but BNB the banks might be better of letting it get back into shape rather than taking a big hit themselves and trying to untangle the mess...
BNB in its current form is toast. It might avoid outright bankruptcy but it just can't survive as is. The business model is shot and they are currently in asset sale mode at the worst possible time. Claims of share price manipulation are simply ridiculous. The market has sniffed out that this company is largely a smoke and mirrors operation based on cheap credit and ever rising asset prices. That environment has evaporated and will not return in the short to medium term.
Sure speculators can make a buck here and there trading the swings but why any investor would want to buy this for their long term portfolio is beyond me.
