Author: Harry Watt
Stock A2 Milk (A2M) $13.47 as at 05/06/2019 Bellamy’s (BAL) $7.73 as at 05/06/2019 Bubs Aust (BUB) $1.09 as at 05/06/2019 Wattle Health Aus (WHA) $0.55 as at 05/06/2019 Event Some wild swings are being seen in the listed companies selling baby formula into China over the past few sessions after the country announced a […]
Stock Vocus (VOC) $3.75 as at 05/06/2019 Event EQT left as quickly as they came in a whirlwind 8-days in the data room of Vocus. The Swedish private equity name has gotten back on the plane without a more formal offer being put forward since their $5.25 proposal announced last Monday. Shares have tumbled 18% […]
Stock Coca-Cola Amatil (CCL) $4.00 as at 04/06/2019 Event Australia’s licensee of Coca-Cola products has today ended its tumultuous ownership of Victoria based SPC. The iconic Australian fruit and veg company has been sold to a partnership between fund manager Perma & family office/ Private equity name The Eights in a deal which will see […]
Stock Boral (BLD) $5.31 as at 03/06/2019 Event Construction materials name Boral has struggled today, underperforming even a soft market and giving back most of Friday’s move higher as investors grapple with the company’s investor presentation from the end of last week. Shares in the name originally moved higher, but are struggling today with market […]
Stock Eclipx (ECX) $1.40 as at 03/06/2019 Event Leasing business Eclipx is set to top the boards for the second session running, currently trading 30% higher today, and nearly 70% above the close on Thursday of last week. The company which provides fleet management and asset finance announced their first half results on Friday morning […]
Stock Crown Resorts (CWN) $12.27 as at 31/05/2019 Event Shares in the casino owner Crown have taken a hit today after James Packer, Crowns biggest shareholder sold a 19.9% stake for $13 to Hong Kong based Melco Resorts. The US listed Melco paid a total of $1.76b for the shares at a slight premium to […]
Stock Mirvac (MGR) $3.10 as at 29/05/2019 Event Shares in Australian owner & developer of real estate group Mirvac remain in a trading halt following the announcement of a $750m placement to the market today. The deal will be priced at $2.97, around a 4% discount to the last traded price, while MGR will simultaneously […]
Stock Suncorp (SUN) $13.68 as at 27/05/2019 Event Insurer and bank Suncorp has under performed the flat market today, slumping on news CEO Michael Cameron will exit after nearly 4 years in the top job. The news surprised the market coming just weeks from the end of financial year, with CFO Steve Johnston to move […]
Stock Vocus (VOC) $4.80 as at 27/05/2019 Event Telecommunications company Vocus (VOC) delayed the start of trading in its shares this morning after receiving a non-binding takeover proposal from Swedish private equity house EQT. The indicative offer of $5.25 is a 35% premium to where shares closed on Friday night which is enough to grant […]
Stock Aristocrat (ALL) $28.67 as at 23/05/2019 Event Gaming company Aristocrat has jumped to 6 month highs in today’s session on the back of a solid first half result. The gambling leveraged play posted a normalized net profit of $422m for the 6 months, up 17% on the same period last year, coming in slightly […]
