Telco UWL has surged over recent weeks following a $3.6bn takeover bid from Morrison & Co. They fired the first shot, Macquarie came over the top then Morrison it seems have made the winning play – clearly an asset in demand. The final bid equates to $5 a share and we feel the company will ultimately be taken over by this bid, or one slightly higher, but the risk reward isn’t overly exciting after the recent gains. The issue for Macquarie is their involvement with the previously listed Vocus who compete with UWL.
scroll
Performance update for March, stocks that drove returns & our current positioning
Close
Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
Close
Market Matters Research Lead Shawn Hickman with David Koch
Close
MM is neutral UWL around $4.70
Add To Hit List
Related Q&A
Relevant suggested news and content from the site
Video
WATCH
Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
Podcast
LISTEN
Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
Daily Podcast Direct from the Desk
Video
WATCH
Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.