BBP 0.00% 9.5¢ babcock & brown power

Like some of you guys, I am a LT holder from the $2.20 mark. I...

  1. 37 Posts.
    Like some of you guys, I am a LT holder from the $2.20 mark. I also topped up today - actually I doubled my holdings ... dunno if that's good or bad.

    They have some good assets and good power stations (I work in the elect industry, not in the generation side tho so no conflict). I realise they have substantial debts but they have assets that generate income day in, day out - there is no discretionary spend involved (we all need power). The prices they are getting for assets is good - of course it will be as power stations are not a commonly traded commodity!

    I see some parallels with CNP in that they have good assets with good incomes, and the same publicly-aired finance problems. The difference is BBP assets have reliable income ... and BBP is linked to BNB (both good and bad there).

 
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