BNB babcock & brown limited

bnb will survive, page-30

  1. 1,257 Posts.
    Interesting to see how some shareholders perceive BNB and BBI as competitors. The key issue on this trend is the survival of BNB regardless of what happens with BBI. My personal interests are in BBI, but I still have an eye on what BNB has to offer. I always have supported the idea of BNB survival and re-structuring in the long term, if I'm not holding BNB is just because I've promised myself I'm not loosing money with BNB in 2009 (new year's resolution) but the fact that BNB has an enormous potential is well known (at least that's what I believe).

    The original post in this trend was questioning the senior management salaries, which according to AFR is the biggest obstacle to sign an agreement. IMO senior management has not demonstrated any real value creation, instead, they have been in some cases irresponsible on delivering value and too arrogant (early to mid 2008) to admit the real BNB risk. BBI on the other hand has taken preventive measures and management is demonstrating a conservative approach to the world situation and they're delivering according to AGM plan. I would like to see BNB strategic plan and management sticking to it scarifying some money (as shareholders are).

    Good luck to all
 
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