Babcock & Brown: Loser of the Week

Submitted by Jim Thesiger on 19 October, 2009 - 01:29

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. It was a mixture of Management, Utilities and Food Manufacturing companies in the list of worst performing stocks of the Australian Stock Exchange: Babcock & Brown Infrastructure Group (BBI), Elders (ELD), Goodman Fielder (GFF) for the 42nd week. Elders (ELD), a company that provides financial services and farm inputs for Australian and Kiwi farmers with a market capitalisation of $155.6 million was the second worst performing company of the list that saw a 11.6 percent drop to its stock price closing at 19 cents. Elders closed at 22 cents in a week earlier. Next in the list was Goodman Fielder (GFF), an Australia based Food Company which is a major contributor in the food industry of Australia and New Zealand with around 7,000 people employed. Goodman Fielder had a market capitalisation of $2147.8 million. The company lost 9.2 percent to its stock price and closed at $1.59 for the week. Two other companies of the list were Lynas Corporation (LYC) and Virgin Blue Holdings (VBA). Lynas Corporation lost 8.8 percent to its stock price while Virgin Blue Holdings saw an 8.4 percent drop.