BBI babcock & brown infrastructure group
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"BBI announced three pieces of news today: it intends to...

  1. melua
    14,880 Posts.
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    27/08/09
    09:30
    Post #: 5561244
    "BBI announced three pieces of news today: it intends to internalise management,
    management has reducing confidence in the feasibility of issuing Equivalent
    Securities with respect to the EPS, and it released its FY09 result.
    We did not find any major valuation drivers in the announcements, particularly not
    worthy of the 90% share price increase seen today.
    We have upgraded our target price from 15 cps to 17 cps. Our HOLD rating is
    unchanged. BBI faces continuing challenges regarding fund level debt repayment
    and the potential dilution of its security holders from EPS and SPARCS conversion."
    BBI Price at posting: 11.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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