Good Shares to Buy

Babcock & Brown shakeup

In last two days it is hard not to notice Babcock & Brown Ltd (BNB) shares being aggresivly hit by short-selling. The troubled investment bank lost aroud 40 percent of its value in just two trading sessions.  Babcock & Brown market capitalisation has fallen below $2.5 billion, less than a quarter of what it was in mid-2007. The sharp decline has triggered a review of the bank's $2.8 billion debt facility.  It is hard to see how Babcock & Brown will emerge from this drastic shakeup. Peter Meany, the head of listed infrastructure securities for Colonial First State, said "Australia has been the worst performing infrastructure market in the world in the past year, because the gearing structure of the vehicles has changed the defensiveness of the underlying assets," but eventually, "infrastructure companies that control assets with monopoly characteristics and are focused on delivering operating performance will come out on top".

Naked short selling

{ 10:57 AM, 22/9/2008 } { Posted by Anonymous }

After the Australian Securities Exchange banned naked short selling, Babcock & Brown chief executive Michael Larkin said "they should have done it six months ago."

share information in general

{ 10:52 AM, 6/10/2008 } { Posted by Anonymous }

It is important for the fincancial information providers and consumers to see both the good and bad, and take comments of both natures with a grain of salt.