Valid point Mr T, but you name one "service" provider where the customers are happy about the fees charged.
Both Macquarrie and Babcock & Brown, amongst others, are in the business of making money. BNB have been in the investment bussiness for over 30 years and I am sure that this is not the first time that complaints have been raised.
I am sure that the comments are valid and the management of BNB and others are always treading a fine line between maximising profits for themselves and their shareholders alike. On the other hand they have to price their services accordingly to maintain competiveness and to attract the investors for their satellites.
Being a shareholder, I am not unhappy that they charge a premium and of course from a long list of investment fund managers there will be always some who complain.
I am confident the management of BNB have the expertise to handle this kind of criticism.
At the risk of sounding like a selfishl p*i*k, frankly speaking, I am not concerned about this from an ethical point of view. My concern is 100% based on this as a possible threat to BNB's future profitability. If:
a) These fees are a major portion of BNB's profit; and
b) The shareholders of these satellites find a way to reduce the fees;
then it might have a material impact on BNB's share price.
Because B&B is essentially an investment bank (albeit an infrastructure accumulating one) and you have to remember that the market has a bandwagon mindset and they'll abandon a whole asset class when **** hits the fan (like subprime).Why does this share get affected by the sub-prime issues..
Does anyone know if any important events/agm, announcments etc are scheduled in the next few days?
Someone posted a broker review of bnb few posts earlier.. I'm interested in knowing what the other brokers are saying about bnb?
Because B&B is essentially an investment bank (albeit an infrastructure accumulating one) and you have to remember that the market has a bandwagon mindset and they'll abandon a whole asset class when **** hits the fan (like subprime).
Key Dates - www.babcockbrown.com.au
Final Results 2007 21 February 2008
Annual General Meeting 30 May 2008
Interim Results 2008 21 August 2008
Dates are indicative only and subject to change
bnb is the perfect stock to buy on down days... gets overly hammered every time the market jitters... and is one of the first stocks to bounce back hard...
anyone remember the sub $20 days several months ago?
I'm a bit worried here.
In today's Herald Sun, Terry McRann writes http://www.news.com.au/heraldsun/story/0,21985,22963910-36281,00.html
"SHARES: Wall St is headed for a fall, possibly a biggish one. Because we don't have the same problems and the resources sector is likely to remain reasonably healthy, our market is more likely to drift lower. As we see with Centro, some stocks are far more vulnerable. Those with big borrowings, directly or indirectly exposed to US property."
Doesn't BNB fall into this description? It certainly has big borrowings, and has exposure to US property.
Any thoughts?
For every article I see on doom and gloom, I see another for a continued boom. Especially commoditities. See below:
http://au.biz.yahoo.com/071223/30/1jizk.html
I'm more concerned with out reliance of commoditities in proping up the Aussie Market. I've start diversifying more than I have in the past (was heavy on metals).
I think the article you mentioned could have been written by a politition as it says a lot but commits to nothing. I do agree that the future for 2008 is uncertain but..... Derrrr!!!!!
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