Macmahon – AMNT and the Inside Track
Macmahon Holdings Ltd (MAH AU) has signed a Heads of Agreement (HoA) with PT Amman Mineral Nusa Tenggara (AMNT), the completion of which would...
464 Views
Macmahon – Worth the Wait in Gold?
As anticipated, the IFA in the Target Statement (released this morning) supported Macmahon Holdings Ltd (MAH AU)’s board, that the Unconditional...
489 Views
Cimic Profit Hits High End of 2016 Guidance, but Shares Overvalued
We retain our AUD 24 per share fair value estimate for no-moat Cimic following full-year results. The firm reported an 11.5% increase in 2016 net...
236 Views
Why Is No-Moat UGL Limited a Takeover Target for CIMIC?
Our advice remains for UGL Ltd (UGL AU) shareholders to accept CIMIC’s AUD 3.15 per share bid in the absence of a higher offer. This includes the...
390 Views
Corporate Action - We Recommend UGL Shareholders Accept CIMIC Bid
The AUD 8.9 billion market-capped CIMIC Group Ltd (CIM AU) intends an AUD 3.15 per share cash off-market takeover offer for UGL Ltd (UGL AU),...
303 Views