With SYD looking likely to be swallowed up and billions of dollars being delivered back to investors 2 thoughts initially came to mind as I considered the implications moving forward:
- This huge pool of money should provide excellent support into any market pullback (s) into Christmas.
- What’s next if one of Australis largest listed companies can be bought by “Big Super”.
With both “Big Super” and private equity scouring the markets with their pools of capital and cheap debt many a board must be considering their security. Back in late June we highlighted Afterpay (APT), the regional banks and HUB24 Ltd (HUB) as potential M&A targets with the first already on the menu of an overseas buyer, today we have looked elsewhere, the hardest issue being that the “cheap” pockets of the market are in the out of favour energy names.
MM believes the SYD $8.75 is well positioned to go ahead
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