Better-Than-Expected First Half From Broadspectrum, But Contract Risk Drives FVE Downgrade
We are downgrading our fair value estimate for Broadspectrum by 20% to AUD 1.10 per share, given a one third chance of non-renewal of the Nauru...
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Ferrovial & Broadspectrum: Rearranging Mattresses
This week has been a busy one for Broadspectrum Ltd and Ferrovial SA. On February 8th, Broadspectrum lodged a Supplementary Target...
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Ferrovial Peeks Head Out From Behind Mattress Yet Again
Last night, the Sydney Morning Herald carried an article titled Ferrovial Digs In For the Long Haul After Broadspectrum Rejection of [A]$715mm...
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Ferrovial Peaks Head Out from Behind Mattress. Shoots. Ducks Again.
They went to the mattresses in early December. They're still at it. Ferrovial has just extended its offer close by two weeks (from Feb 8 to Feb...
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Broadspectrum Peaks Head Out from Behind Mattress. Shoots. Ducks Again.
A few hours ago, Broadspectrum released its Target's Statement regarding Ferrovial's unsolicited Offer to acquire 50.1% of the shares at...
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