BNB babcock & brown limited

Trying to be serious now, sometime ago I’ve tried to make some...

  1. 1,257 Posts.
    Trying to be serious now, sometime ago I’ve tried to make some research and as of August-2008 BNB’s NTA is about 2.4b (around $6.25 per share). Now, if we forecast impairment of up to 1.2b, which IMO is exaggerated since BNB posses good assets plus write downs, etc, the NTA goes down to 1b which means around $2.5 per share. Now, if we can make an estimation of what the D2E is going to be, and being pessimistic thinking that banks will take up to 70% equity, the shareholder remaining equity is about 300m, or 75c per share. This is just a superficial analysis based only in my personal criteria which 2008 has demonstrated that most of the times is absolutely wrong.
    Anyway, IMO BNB is not going to admin, but I believe it has a short roof and this is why I have decided not to play with it anymore. Obviously everyone has their own points of view and their sentiment. In my case, I’ve just moved on.
    Whatever happens I honestly wish you the best.

    Cheers
 
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