Brookfield Infratructure Partners (BIP)

[sdev]

Wanted to run this entity by the board to see if anybody has insight on it. This is a MLP managed by Brookfield (for a 1.25% market cap annual managment fee) and is invested in various infrastructure assets(http://www.brookfieldinfrastructure.com/_resources/BIP%20Map%20of%20Operations.pdf).

 

They just made a major acquisition funded by a private offering and have released a bunch of pro-forma numbers for what they believe their cash flow from operations and book value is. The presentation is located here: http://www.brookfieldinfrastructure.com/_resources/BIP_November_2009_Profile.pdf

 

I'm a novice investor and am finding it hard to get a sense for what the annual capex for a partnership like this would be and also unsure as to how to value an MLP where increased cashflows result in a greater amount of cash going to the General Partner (BAM). Any insight about these sorts of entities or BIP in general?

[Guest ajc]

 

Brookfield Infrastructure (BIP) Reports 2Q14 Results; It Remains A Solid Long Term Investment

 

http://www.valuebygeorge.com/2014/08/05/brookfield-infrastructure-bip-reports-2q14-results-it-remains-a-solid-long-term-investment/