Babcock & Brown Power (BBP)

Stock Code


Stock Exchange


Babcock & Brown Power (BBP) is a leading power generation business. The principal activities of the Company include the development, operation and acquisition of the power generation portfolio. BBP listed on the Australian Stock Exchange on 11 December, 2006. As at fiscal 2008, the Company held interests in 12 operating power stations, with installed generation capacity of 3,000 megawatts and construction of two power stations in progress. The Company also holds interests in a range of other related power assets, comprising the Western Australia retail assets of Alinta.

Shareholders Plan to Sue B&B

Shareholders of Babcock & Brown Power (BBP), the largest wind power producer of Australia are planning to file a lawsuit for misleading and deceptive behaviour. The outburst came after the announcement made by B&B, parent of BBP, about refinancing, after the acquisition of Alinta (ALN), an Australian energy infrastructure company.

Babcock & Brown Power (BBP): Best Performing Stocks for the Week 27 of 2008

Babcock & Brown Power (BBP) was the overall best performing stock taking in a 41.24 percent increase. It was a mixture of road development, asset management, aviation, power, utility infrastructure, and media companies who were among the best performing stocks for the week 27 of 2008 of the Australian sharemarket: ConnectEast Group (CEU), Babcock & Brown (BNB), Macquarie Airports (MAP), Babcock & Brown Power (BBP), Spark Infrastructure (SKI), Seven Network (SEV). These best performing stocks managed gains above 9.61 percent by the end of the trading week.

Babcock & Brown Share Prices Record Gain

Australia's biggest electricity producer gained considerably at the Sydney stock exchange after it announced its refinancing achievements. Babcock and Brown today announced that it has managed to refinance it’s a$ 2.7 billion debt which led to increased investor confidence which made the share prices advance 16 percent or 12 cents to 85 cents. It has been its highest gain since June 12.

Worst Performing Stocks for Week 24 of 2008

Babcock & Brown was the overall worst performing stock taking in a 51.96 percent decrease in their listed company value. It was a mixture of investment, fund and asset management, learning services, infrastructure services and energy companies who were among the worst performing stocks for the week 24 of 2008 on the Australian sharemarket: Babcock & Brown (BNB), ABC Learning (ABS), Babcock & Brown Infrastructure (BBI), Babcock & Brown Power (BBP). The majority of the worst performers for the week were attached to Babcock & Brown Group and it was the highlight of the week.

Babcock & Brown Shares Free Fall

Australia's second largest investment bank, Babcock and Brown has witnessed a free fall at the stock market. Investors have accelerated their selling speed after the share prices have witnessed a landslide of as much as 32 percent. The stocks have lost $7 billion in value out of which half of the loss comes from this week.

Babcock & Brown Power Get Refinancing

Babcock & Brown Power (BBP) has managed to refinance its A$2.7 billion of project finance debt. BBP Chief Executive, Paul Simshauser stated that the company further expects to arrange another A$360 million to finalise the corporate debt facility of BBP Holdings by August 31, 2008.

Babcock & Brown (BNB) News Update

Babcock & Brown (BNB) has a $25.00 share price target from Australian stockmarket analysts from Citi.

Babcock & Brown (BNB) Reputation damage

BBP refinancing shortfall and "mis-communication":

Babcock & Brown Power (BBP): Worst Performer for Week 21 of 2008

Babcock & Brown Power (BBP) was the overall worst performing stock taking in a 41.58 percent decrease. It was a mixture of funds and asset management, financial services, property investment, power, and nickel sulphide production companies who were among the worst performing stocks for the week 21 of 2008 on the Australian sharemarket: Babcock & Brown (BNB), Macquarie Group (MQG), Valad Property (VPG), Babcock & Brown Power (BBP), Sally Malay (SMY). The worst performing stocks for the week 21 recorded losses above 10.95 percent by the end of the trading week.

Babcock & Brown Power (BBP) Update

Babcock & Brown Power (BBP) have raised its FY08 guidance by 9% to 26.1cps from 24cps in conjunction with today's Alinta Scheme Booklet (SB) release. While Australian stockmarket analysts Citi Investment Research maintain a view that Babcock & Brown Power has paid a full price for the AAN assets, they still believe the medium to long-term prospects for the company remain very positive and re-iterate a Buy/Medium Risk recommendation. While there will be criticism of the 'financially engineered' nature of the AAN deal's DPU accretion, it is worth noting that BBP's FY08 DPU assumptions in the PDS included a DRP contribution. The increased DRP assumed post AAN simply relates to the increased securities on issue. The DRP is in place to offset the cash outflow associated with maintenance reserving. Babcock & Brown Power (BBP) has indicated that it expects synergies of some $14m from the deal , this is above CIR estimate of $10m. Management expects about 40% of this figure to be achieved in FY08, which will be largely offset by one-off restructuring costs of $4m. The analysts expect management to set a price for its 67% of AlintaAGL shortly after the scheme is declared effective in mid-August. AGL then has 3 months in which to decide whether or not to buy that 67% or sell its 33% stake to Babcock & Brown Power (BBP) at an equivalent implied price. Despite the view that BBP has paid a full price for the AAN assets, the analysts remain firmly of the view that the outlook for the business as a whole is positive. Furthermore, there could be upside to today's AAN numbers through Bairnsdale and Bell Bay, for instance. Their forecasts and valuation remain unchanged pending their digestion of the 648-page Scheme Booklet.

Syndicate content

Recommended Websites