Buying opportunities?

[Yippyio]

Most of the stocks I have been hoping will drop have actually risen or have gone no where. CSL keeps performing, it is my largest shareholding and I can't wait to hear from mcNamee on Alan Kohlers program tomorrow.

I think Woodside may be starting to enter bargain territory.
A minor oil price drop does not really effect a company that gets most of its revenue from gas and has a number of large projects being built. As usual, I am talking a long term buy.

I like BHP and may buy some if they get to $18.

I think the wisest buys are companies that do not rely heavily on the domestic economy or are in near monopoly situations.

I am keeping an eye on Metalstorm. This is a good technology company that needs to make a raising. If the market causes the raising to be at a lower price say 20c then they may be a good chance to buy in.

Chemeq may be a good turn around story, needs to fall more.

TSR is a company with a new business, I will also be keeping my eye on it, very chancy investment for the brave.

Mul - this company is one I would certainly put money into - not! my prediction is that it will die horribly within a year.

Re: BHP - It would take a major crash in commodity valuations for BHP to ever get to $18 again. With the current price strength and no end in sight for demand, I do not see any retracement in commodities for quite some time.

 

[RichKid]

Re: BHP - It would take a major crash in commodity valuations for BHP to ever get to $18 again. With the current price strength and no end in sight for demand, I do not see any retracement in commodities for quite some time.

I've posted some remarks on BHP in the 'BHP price weakness' thread. Retest of 1950 is a real possibility imo, panic spike down to 18 may not be off the cards.

As with all bullmarkets things will settle down and then we can probably re-assess. Too early to call atm as far as I'm concerned, wonder how optimistic the PE ratios are right now? Just my views.

 

[RichKid]

Was a big dip. Time is gmt.

PS I wouldn't touch BNB until it got down to $10-12

$10, from memory, is an old resistance level, sounds good. All a matter of how secure future earnings are. They don't actually have the track record of MBL so some money would probably prefer to stay in MBL too.

 

[Yippyio]

Hi Rich kid,

Re: BNB, it's looking like a good buy now ?

Anyone else have a view on this stock ?

 

[Yippyio]

Bought BNB on Friday @ 16.59

 

[It's Snake Pliskin]

Bought BNB on Friday @ 16.59

I thought you might be interested in this.


Babcock & Brown (BNB) Technical Recommendation: HOLD

Technical Target: $15.00



Technical View
The stock is likely to remain volatile, with the price structure calling for a bounce from current levels, and then a further decline to the A$15 to A$15.30 level.

Momentum indictors, although oversold, are not yet in a position to underpin a new advance. This supports the outlook gleaned from the price structure.

With the limited price history, it is difficult, and too early, to form a strong medium-term view and we would prefer to wait to see how price reacts over the next few weeks.

We rate the stock as a HOLD.




Company Summary
BNB is a global investment and advisory business with operations in most major international business centres. While similar to Macquarie Bank, a significant proportion of its revenue is derived from principal investment positions. BNB also tends to leverage advisory, arrangement and investment management roles from its principal investments, generating revenue across the value chain.
Market Statistics
Price: $17.20
Price as at: 07-Oct-05
Market Cap ($M): 5,994.2
Equiv. Shares (M): 348.5
% Market: 0.40
12Mth Range ($): 7.60 - 21.85
Turnover ($M pa): 2,719.1
Index: S&P/ASX 100
Sector: Financials
Industry Group: Diversified Financials
Industry: Capital Markets


Share Price Returns (%)
3 Mths 6 Mths 12 Mths
19.9 75.9 >99
Sector 4.6 7.7 19.3
Market 4.9 6.1 19.0

 

[Yippyio]

Gee thanks Snake, that's a nice way to start the day and here's me thinking yesterday that it was I who had given this stock the kiss of death.

 

[Yippyio]

Here's another view for you from Huntley's

FYI

Huntleys Recommendation: Babcock & Brown Limited ( BNB )

Recommendation: Accumulate

BNB is a global investment bank with expertise in structured finance and infrastructure investing. The stock should trade at a premium for the potential of management and staff to grow the structured finance, leasing and real estate businesses, the company's record at investing profitably for its own account, the opportunities open to BNB in infrastructure sourcing, and the global network which identifies structured finance and infrastructure assets for sale. Earnings seem to be partly internally hedged against economic cycles. We like BNB's strategy of growing its traditional real estate and structured finance business while growing new revenue streams in infrastructure and property investment management.Shares in investment banks are not for everyone. Intending owners of BNB should familiarise themselves with the particular risks in investment banking. BNB's profit growth and earnings guidance depend on favourable conditions in investment markets. The dividend yield is negligible. Not for income-oriented investors.