BBI

Australia based Babcock & Brown Infrastructure Group (BBI), which is engaged in the business of acquisition, management and operation of quality infrastructure assets in Australia and some other countries has warned the rebellious exchangeable preference shareholders that it might go for taking legal actions against them for the damages that the company might face if wrong information leads to a turn down of a $1.8 billion worth of recapitalisation.

Babcock & Brown Infrastructure Group (BBI), a company that focuses in the business of acquisition, management and operation of quality infrastructure assets in Australia and in the international arena was the worst performer in the Australian Stock Exchange for the week that lost 20.8 percent to its stock price closing the week at 4 cents. The company closed at 5 cents in the previous week. The market capitalisation of Babcock & Brown was $108.9 million.

The future of Babcock & Brown Infrastructure Group (BBI) looks even more uncertain as the company declared yesterday that it might see a $900 million massive hit over its declining asset base. The auditor’s of the company warned that the company might find itself under pressure in the future as far as the present situation is concerned.

Consolidated Media Holdings (CMJ), a company that focuses in the gaming, entertaining, television broadcasting, magazine publishing and distributing, subscription television, investment in internet and other sectors was the worst performer in the ASX100 list that lost 9.8 percent or 33 cents to its stock price closing the week at $3.02.

Bank of Queensland (BOQ), a company that operates in the provision of financial, banking and related services in Victoria, New South Wales, Queensland, Northern Territory, ACT and Western Australia was the worst performer in the ASX100 list that lost 8.05 percent or 91 cents to its stock price closing the week at $10.39.

Transfield Services (TSE), a company that offers services in maintenance, operations, assets and project management sector was the best performer of the 35th week in ASX100 with a gain of 23.3 percent or 75 cents closing the week at $3.96.

Elders (ELD), a rural and regional company of Australia that provides financial services and farm inputs for the farmers of Australia and New Zealand was the worst performer for the ASX100 index in the 21st week of 2009 with a loss of 29.1 percent or 12 cents in its stock price closing the week at 28 cents. It was a mixture of Real Estate, Mining and Utility companies in the ASX100 and ASX200 list of worst performers: Elders (ELD), Goodman Group (GMG), Boart Longyear (BLY), Babcock & Brown Infrastructure Group (BBI).

Perilya (PEM) was the overall best performing stock taking in a 20.96 percent increase. It was a mixture of toll road development, infrastructure services, steel manufacturing, and mining companies who were among the best performing stocks for the week 28 of 2008 of the Australian sharemarket: Transurban Group (TCL), Babcock & Brown Infrastructure (BBI), BlueScope Steel (BSL), Perilya (PEM), Macarthur Coal (MCC). These best performing stocks managed gains above 10.04 percent by the end of the trading week.

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.