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TP$1.40 - Diversity In Uncertainty

The info is in the presentation powepoint issued today for the AGM. It is in the BBGI website. As for cash economic income, 2H2008 dividend was cancelled and used to pare down the corporate debt. I am impressed that they do not have debts. This means the income stream (from their investments) can be used to start paying dividends again. Study their past financial statements. They do not have employees (now they will have a few since B&B is disengaged). They do not have offices nor much overheads. The directors fees are modest. So, what else are their expenses other than audit fees and the consultancy fees? It is in their prospectus that most of the cash economic income is paid out to investors. That has been the basis of this stock. It is an investment stock. It is not a business that produces or offers a service. It is purely an investment business. Back to top

 

 a good buy,going to be debt free soon and resume dividend payment by FYE3 0June 3009

1.7c Div

Great news on Babcock n Brown!

BBGI Announces Distribution Guidance for 1H09 and Confirms Repayment of its Corporate Debt Facility

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2330EE814E3A4246482575A100800066/$file/15.BBGI-1H09DistGuidance.pdf?openelement

 

Info for sharing...

ASX Release

3 July 2007ALINTA UPDATE: SCHEME DOCUMENTS NOW REGISTERED WITH ASIC

? The Federal Court has convened the Scheme meetings relating to the Babcock & Brown / Singapore Power Consortium Proposal to acquire Alinta

? The Scheme Documents have now been registered with ASIC

? Proposal is unanimously recommended by the Alinta Board1

? BBI component of the offer consideration is $2.92 per Alinta share or $2.566 billion2 (Enterprise Value) pre transaction costs and provisions

? BBI will become a significant non-government owner of gas transmission in Western Australia and Tasmania?

The five Alinta businesses being acquired by BBI will be value accretive to BBI and represent a unique opportunity to further expand BBI?s Australian energy transmission and distribution footprint

? Post completion, BBI?s market capitalisation will be approximately $3.8bn, elevating BBI to approximately the 76th largest company in the ASX All Ordinaries Index and will provide increased liquidity in BBI securities3

? BBI reaffirms distribution guidance of 15 cents per security for FY08 and 16 cents per security for FY09

?

Link..  www.babcockbrown.com

Post transaction, full year 2008 (FY08) cash available for distribution forecast to be $333.1 million (versus $237.7 million pre Alinta)

 

Key Financial Data

                                                     1Q07        FY06A        FY07F        FY08F      FY09F

Revenue (S$ m)                              14.60m     63.70m*      59.60m      63.20m      63.20m

Net income (S$ m)                           9.45m      62.88m       36.40m      38.60m      38.50m

Distributable income (S$ m)              n.a           n.a             42.9m        46.30m     46.30m

Source: Company, Phillip Securities Research

* Includes revaluation income from the asset call

option of $57.8m.

3 July 2007