Author Topic: BAM - Brookfield Asset Management  (Read 335935 times)

John Hjorth

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Re: BAM - Brookfield Asset Management Inc.
« Reply #1060 on: August 10, 2019, 05:54:24 AM »
Brookfield Asset Management - Press Release [August 8th 2019] : Brookfield Asset Management Reports Second Quarter 2019 Net Income and FFO.

[The quarterly shareholder letter by Mr. Flatt is released, too, but not the Quarterly Report 2019Q2 yet. Supplemental information is available, too.

It looks OK to me - still great business momentum.

Same situation with regard to available information for BPY, BPR & BIP, while BEP & BBU have released their quarterly financials. I wonder if this is normal? [I haven't noticed it before, less the first quarterly for BPR under the BAM umbrella last year.]

I've sent an e-mail to Linda Northwood, BAM IR, today about it.
« Last Edit: August 10, 2019, 06:02:08 AM by John Hjorth »
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ValueMaven

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Re: BAM - Brookfield Asset Management
« Reply #1061 on: August 10, 2019, 09:28:55 AM »
Hi John  - Would  you mind commenting a bit more?  I've always appreciated your insights re: BAM + subs.  One interesting point I think Mr. Flatt continues to build on is 1) FCF yield story and 2) returning capital back to shareholders via buybacks.  It really is amazing to me the amount of bolt-on acquisitions they are making even now !!

Sincerely,
ValueMaven

ValueMaven

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Re: BAM - Brookfield Asset Management
« Reply #1062 on: August 10, 2019, 01:47:40 PM »
Can someone tell me why the subs are still LPs?  Some of these companies are extremely cheap, and should convert to C'-Corps.  Which of the Sub's do you like the most?  For me its Business Partners

John Hjorth

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Re: BAM - Brookfield Asset Management Inc.
« Reply #1063 on: August 12, 2019, 08:32:44 AM »
Reply to me from Linda Northwood - just received, & ref. my e-mail to her mentioned above :

Quote
Hi John,

We are filing our Q2 Interim Report this Wednesday, and will be posting on our website later that day.

In the interim, below is a link to our Supplemental Information book for Q2:

https://bam.brookfield.com/reports-and-filings/financial-reports/supplemental-information

With best regards,

Linda

- - - o 0 o - - -

Valuemaven,

Thank you for your posts and you kind words. I will get back to you here. BAM is rumbling inside my head nowadays - I just need some time to get some structure on my thoughts and try to do my best to elaborate.
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

wisowis

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Re: BAM - Brookfield Asset Management
« Reply #1064 on: August 13, 2019, 03:07:13 PM »
https://business.financialpost.com/news/fp-street/brookfield-to-buy-57-in-genworths-canada-unit-in-1-81-bln-deal

Quote
Genworth Financial Inc. agreed to sell its Canadian unit to Brookfield Business Partners LP for $2.4 billion as it works to win regulatory approval for its acquisition by China Oceanwide Holdings Group Co.

Brookfield Business Partners LP will purchase 48.9 million shares, or a 57 per cent stake, at $48.86 apiece in Genworth MI Canada Inc., giving it majority control of Canada’s largest private-sector residential mortgage insurer. That’s a 5.1 per cent discount to Genworth MI’s closing price Monday.