BBP 0.00% 9.5¢ babcock & brown power

rodivg, I agree.Its strange how the announcement got timed so...

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    rodivg, I agree.

    Its strange how the announcement got timed so that the trading halt got removed just before the after market close. Maybe that was not intended and was the asx's fault?

    It seems this has caused many holders to dump their shares into the after market without thinking. Consequently, the sp fell by 13 cents which is exactly the expected 6mths 13c dividend.

    The announcement also says the 2009F EBITDA is estimated to be toward the lower end of $439m to $528m due to the apache gas disruption. But with the current market cap now at $523m, that means BBP's PE (post apache) is 1! That's a pretty cheap company for what it is. (10 bagger!)

 
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