FYI
UBS valued BBP on a sum-of-parts methodology at $1 at the end of November. However their target share price was well below this due to uncertainty over debt covenants/carbon trading ($0.25).
Mac Bank was lower at between 20-30 cps (NPV/PE multiples) - however they have ceased coverage. UBS is the most recent.
One big positive for BBP is that most of the brokers factored in big discounts for carbon trading (one had a 10% discount on assets). The actual carbon trading plan released by Rudd was much more favourable than expected. UBS for example estimates that for every $100m in cash compensation to BBP is worth $0.14 per share.
It is probably unlikely that BBP will accept a full takeover given that any takeover will be at depressed prices given they are forced sellers. Likely scenario is a sale of some assets - probably retail.
- Forums
- ASX - By Stock
- BBP
- broker valuation
broker valuation
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BBP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online