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BNB - Babcock & Brown

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Dakaz

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I watched BNB double their IPO price over a 2 month period, I then bought a few shares. Now since they have announced they are creating a LIC, the shares have slowly gone down. Can anyone please tell me why the LIC is effecting the Share price and 2) in their opinion is it worth holding on to them??
Thanks
 
Re: Babcock & Brown (BNB)- advice

Financial advice cannot be given without the appropriate licence- so please don't ask for advice here as most people aren't legally able to provide advice, nobody wants to get into trouble or cause any bad publicity for this site (or its administrator).

[Maybe all newbies will have to go through a brief training statement which cautions against asking for advice before being able to post or sign-up??- over to you moderator/Joe/Stefan]

I can only post a guess here and that is that maybe people bought on the news/rumour of the LIC and then sold to take profits?? Don't know, just a guess.
 
BNB Babcock and Brown

One for the fundamentalists.
As a value investment who sees this stock as a good long term buy and does anybody know what its intrinsic value might be? How does this stock stack up against Macquarie Bank for example?
 
Re: Babcock & Brown (BNB)

One big fall, might be easing off now but another small decline isn't out of the question as there's a congestion area nearby. I note a recent broker valuation was at about $8.
 
Re: Babcock & Brown (BNB)

Two weeks ago a broker came out with a valution for BNB, which was sub $8 and then yesterday ABN AMBRO gave it a buy recommendation and a valuation of $ 20 ???, beats me.
 
Re: Babcock & Brown (BNB)

heard about the sub $8 value on bnb from a former broker friend as well. and he used to work for AMBRO.
 
Re: Babcock & Brown (BNB)

........................and there I was with $$$s in the bank, testing the winds of fortune, looking at charts and reading forums...............AMBRO $8 - $20 ........wot chance has this little fishy?? :goodnight

Disclaimer:

Who me?? Aren't you supposed to know something first??!!!
 
Re: Babcock & Brown (BNB)


Agreed, down 5% in a day, does not take much to spook this stock.
 
Re: Babcock & Brown (BNB)

Depends who's recommendation your going with, I think it's over sold and going to bounce but then I am biased.
 
Re: Babcock & Brown (BNB)

Yippyio said:
Depends who's recommendation your going with, I think it's over sold and going to bounce but then I am biased.
Click to expand...

I am going with reality. They are modelled like MBL but their off shoots are not that productive yet. One only made its first investment last month. Risky was the evaluation I remember vividly.
 
Re: Babcock & Brown (BNB)

Snake Pliskin said:
It's getting closer to it's value, but not there yet!
Click to expand...

Agreed, it's not there yet. Probably $20, $22. Did I hear $50
 
Re: Babcock & Brown (BNB)

BNB appears to be consolidating after that recent correction, next stop should be the all time highs if it gets on with it. Like the previous ledge in the previous run up I expect this to break upwards strongly as that's the general direction of the trend and prices don't tighten up like this for long. Currently testing the lower boundary of support. Has been strong so far but this week suggests it isn't quite there yet, once the last of the weak hands are shaken out it should do well. Another easy one to place a stop with.

No chart posted yet, maybe someone else can oblige with support levels etc or I may post one later.
 
Re: Babcock & Brown (BNB)

RichKid,

I bought BNB a few days ago on the Breakout. At the moment it is just hovering above support. Doesn't look Bullish to me atm, although I hope you are right

MIT
 
Re: Babcock & Brown (BNB)

mit said:
RichKid,

I bought BNB a few days ago on the Breakout. At the moment it is just hovering above support. Doesn't look Bullish to me atm, although I hope you are right

MIT
Click to expand...

Hey Mit,
Well I could be wrong, that false breakout is just an upthrust (or so says the swing trading info I've been reading), I've seen them in these patterns before (but my experience is limited so don't place too much importance on my view). The main attraction to me is that it appears to have completed the correction and is providing an easy stop loss position with a well defined range, some people may try to shake me out of this (the instos) but there's nothing I can do now but watch and wait for a further signal- I hold.
 
Re: Babcock & Brown (BNB)

Just blew past my stop, so I am out.

MIT
 
Re: Babcock & Brown (BNB)

mit said:
Just blew past my stop, so I am out.

MIT
Click to expand...

Ditto with me mit. Just remembered that when you have a false breakout of the range (an upthrust) it's likely to retest the opposite border of the range. Maybe I'll wait for a reversal bar next time. Still, it could easily have bounced off support and broken upwards again. Just traded it as I saw it, will remember what I forgot next time to select an even lower risk entry. This sucker is still on my watchlist.
 
Re: Babcock & Brown (BNB)

I think it was a valid set-up. Just didn't work this time unfortunately. It ended pretty strongly on Monday and I was tempted to give it a little more room. Luckily I followed my rules and got out.

MIT
 
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