Tag: BNB

And finally, the market yesterday told us that it thinks Babcock and Brown is in near terminal decline after the shares fell 24% to a new record low of $3.45.

This is Babcock and Brown’s statement to the market yesterday: the fate of the entire group, the investment bank and the 10 listed funds depends upon the optimism in this statement being full realised.

After dismissing rumours on Friday that it would be forced to sell some of its holdings, investment firm Babcock and Brown (BNB) further reassured investors today after it said it has retired more than $250 million of short-term margin loans from existing resources and received commitments for new term finance.

Babcock & Brown released a statement to the ASX today in an effort to dampen market rumours that it could be forced to sell some of its holdings in its specialist managed funds.

After suffering a blow to its stock price on Tuesday, investment fund Babcock and Brown (BNB) today recovered some lost ground rising 21.4% after announcing it has signed a contract to sell its European property portfolio.

Investment group Babcock & Brown (BNB) announced today that has sold about 70% of its Swiss retail portfolio to create a joint venture (JV) with an unnamed Europe-based investor.