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Babcock & Brown
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我朋友推荐的。。。dividend yield 12%
有人投资这个吗?如有资料,给一些意见。。。 |
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发表于 13-11-2007 11:26 PM
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回复 #1 arnofren 的帖子
有朋友买进5粒$1,现在0.92。。。
不过,听说Dividen很高。。 |
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楼主 |
发表于 13-11-2007 11:31 PM
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发表于 16-11-2007 08:20 AM
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原帖由 arnofren 于 13-11-2007 11:31 PM 发表
我朋友说 12%,所以我也买进了 0.945
我查SGX, 只有5% 吧了, 大概 SGD 0.052 。 |
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发表于 20-11-2007 09:51 AM
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发表于 22-11-2007 02:02 AM
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原帖由 太空飞人 于 16-11-2007 08:20 AM 发表
我查SGX, 只有5% 吧了, 大概 SGD 0.052 。
http://utwt.blogspot.com/2007/09/babcock-brown-structured-finance-fund.html
Also, here's a short research note from OCBC on the stock
Babcock & Brown Structured Finance Fund Ltd: Assured yield of more than 10% for 2008
Babcock & Brown Structured Finance Fund (BBSFF) suffered a severe beating following recent concerns over sub-prime woes in the US. We met up with management recently to get further clarity on this front, and management reiterated their announcement during their recent 2Q results, that is, they have no exposure to the US sub-prime market. Price of the listed fund fell from a recent high of S$1.26 (7 Jun 2007) to a recent low of S$0.865 (17 Aug 2007). With clarity in terms of guidance for 2008 payout, which was released for the first time recently, management is now working towards a payout of 10.2 cents for 2008.
At this payout and based on yesterday’s closing price of S$0.93, BBSFF is offering an attractive yield of 11.0% based on 2008 payout. Riding on the strong name of the Babcock & Brown group in Australia, we believe that the managers are still actively seeking to improve the returns of the fund. It recently delivered a net profit after tax of S$21.8m for 1H07, and highlighted that it has not suffered any asset impairment. Current price level is also close to all time low and below the IPO price of S$1.06. For the 1H of 2007, management has paid out 4.7 cents and is guaranteeing 5.5 cents for 2H07, giving a full year payout of 10.2 cents or yield of 11.0%. |
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发表于 22-11-2007 10:45 AM
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回复 #6 arnofren 的帖子
哦, 原来还有一半还没分啊。。。 |
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发表于 27-11-2007 02:43 AM
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Babcock & Brown DIVIDEND 蛮高下,明天就买进少许... |
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楼主 |
发表于 30-11-2007 03:14 PM
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Babcock & Brown Structured Finance Fund: Attractive yield of >11%
Summary: Babcock & Brown Structured Finance Fund (BBSFF) recently released its 3Q results and together with it, BBSFF raised the projected 2H07 payout from 5.5 cents to 6 cents, the second revision in the last 3 months. We met with management recently for an update, and they explained that the increase came from better performance of its investments acquired since listing and does not include the capital gains from the monetisation of its investment in JET-I Holdings LLC which was sold in Sep 2007 for a profit of US$15.8m. Once again, management reiterated that it has no exposure to the US subprime market. For 3Q07, it posted revenue of S$19.4m and net profit of S$12.5m, giving 9-month performance of S$34.2m, which is already way ahead of its prospectus forecast of S$27.2m. At current price of 93 cents, yield is attractive at 11.5% (based on 2007 projected payout of 10.7 cents) and 11% (2008 payout of 10.2 cents). With current uncertain market conditions, BBSFF offers another alternative instrument to enjoy good yield with the potential to participate in possible capital gains once the credit woes situation blows over. At 10.2 cents, and based on 8.5% yield, unit price works out to be S$1.20. We do not have a rating on BBSFF.
Projecting 2H07 DPS of 6 cents, second upward revision. Recently, Babcock & Brown Structured Finance Fund (BBSFF) released its 3Q results. We met with management soon after for an update. Together with the results, BBSFF raised its 2H07 payout, the second time since listing, from 5.5 cents to 6 cents, up 9.1%. This came from better performance of its investments acquired since listing and does not include the capital gains from the monetisation of its investment in JET-I Holdings LLC. The latter was sold in Sep 2007 for a profit of US$15.8m, a gain of 102% over the price of US$15.4m at IPO.
Yield is attractive at current price level. With 2H07 projected payout of 6 cents, this means total 2007 payout of 10.7 cents. At current price, this works out to an attractive yield of 11.5%. The final payment is expected in Mar 2008, but for future payouts, management is looking at shortening the time between the year-end and the payout period. In addition, management had earlier guided for 10.2 cents for 2008 or yield of 11%.
No exposure to US subprime. Once again, management reiterated that it has no exposure to the US subprime market. Overall, for 3Q07, it posted revenue of S$19.4m and profit of S$12.5m, giving 9-month performance of S$34.2m – way ahead of the prospectus forecast of S$27.2m. As a result of the global credit market situation, the marked-to-market change in value of its assets was a negative S$8.5m on total assets of S$640m (or 1.4%), however, BBSFF highlighted that there was no impairment and expects to receive its original anticipated returns.
Based on 8.5% yield, unit should be worth S$1.20. Price has come off as a result of recent selling pressure, falling from a high of $1.26 in Jun 2007 to about 93 cents currently. At this price, yields are looking attractive and assured till end 2008. With present uncertain market conditions, BBSFF offers another alternative instrument to enjoy good yield with the potential to participate in possible future capital gains once the credit woes situation blows over. At distribution per unit of 10.2 cents for 2008, and based on a more realistic 8.5% yield, price works out to be S$1.20. In addition, despite the recent selldown, BBSFF has managed to stay around the 93 cents level, supported by its yield of more than 11%. We do not have rating on BBSFF.
Disclaimer for Research Report
This report is solely for information and general circulation only and may not be published, circulated, reproduced or distributed in whole or in part to any other person without our written consent. This report should not be construed as an offer or solicitation for the subscription, purchase or sale of the securities mentioned herein. Whilst we have taken all reasonable care to ensure that the information contained in this publication is not untrue or misleading at the time of publication, we cannot guarantee its accuracy or completeness, and you should not act on it without first independently verifying its contents. Any opinion or estimate contained in this report is subject to change without notice. We have not given any consideration to and we have not made any investigation of the investment objectives, financial situation or particular needs of the recipient or any class of persons, and accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of the recipient or any class of persons acting on such information or opinion or estimate. You may wish to seek advice from a financial adviser regarding the suitability of the securities mentioned herein, taking into consideration your investment objectives, financial situation or particular needs, before making a commitment to invest in the securities. OCBC Investment Research Pte Ltd, OCBC Securities Pte Ltd and their respective related and affiliated corporations together with their respective directors and officers may have or take positions in the securities mentioned in this report and may also perform or seek to perform broking and other investment or securities related services for the corporations whose securities are mentioned in this report as well as other parties generally.
For and on behalf of OCBC Investment Research Private Limited:
Carmen Lee
Head of Research |
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发表于 30-11-2007 03:47 PM
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发表于 30-11-2007 07:07 PM
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楼主 |
发表于 3-12-2007 10:20 AM
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3 December 2007
BBSFF DECLARES FINAL DIVIDEND OF 6.00 SINGAPORE CENTS PER SHARE
The Board of Directors of Babcock & Brown Structured Finance Fund Limited (“BBSFF” or “the Company”) has declared a final dividend of 6.00 Singapore cents per share for the half year ended 31 December 2007, consistent with the upgraded dividend guidance announced by the Company on 14 November 2007. This brings the total 2007 dividend to 10.7 Singapore cents per share (excluding the 0.53 Singapore cents per share declared for the period ending 30 June 2007 and referrable to the 2006 year).
The register of shareholders of BBSFF will be closed at 5.00 p.m. on 3 January 2008 for the purpose of determining shareholders’ entitlements to the Company’s final dividend.
Registrable transfers received by BBSFF's Singapore share transfer agent, Boardroom Corporate & Advisory Services Pte Ltd (formerly known as Lim Associates (Pte) Ltd) at 3 Church Street, #08-01 Samsung Hub, Singapore 049483 up to 5.00 p.m. on 3 January 2008 will be registered before entitlements to the final dividend are determined.
Shareholders whose securities accounts are with The Central Depository (Pte) Limited (“CDP”) and are credited with BBSFF shares at 5.00 p.m. on 3 January 2008 will be entitled to the final dividend that will be paid on 14 March 2008.
In respect of shares in securities accounts with CDP, the final dividend will be paid by BBSFF to CDP which will in turn distribute the final dividend entitlements to the CDP account holders in accordance with its normal practice. |
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发表于 12-2-2008 04:44 PM
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楼主 |
发表于 13-2-2008 01:56 PM
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原帖由 太空飞人 于 12-2-2008 04:44 PM 发表
0.76了, 可以买吗?? 我的朋友买了很多,他还向银行贷款,因为他算了很化得来。。。。不过,我比较喜欢中国股,因为掉得比较厉害,以后反贪弹也比较强 |
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发表于 27-2-2008 09:11 AM
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好消息, 1H2008又有5.2Cents的Dividend。。。 |
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楼主 |
发表于 25-3-2008 01:32 AM
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原帖由 太空飞人 于 27-2-2008 09:11 AM 发表
好消息, 1H2008又有5.2Cents的Dividend。。。
几时会派? |
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发表于 25-3-2008 10:21 AM
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等待中
说了派息,还从75分下到60分。没眼看。。 |
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发表于 25-3-2008 12:39 PM
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发表于 25-3-2008 08:01 PM
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