Takeover Targets for 2008
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prawn_86
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Can you please detail why the company is a target, and why the other would want to acquire it?
Just to make it less of a ramping thread
thanks all
Just to make it less of a ramping thread
thanks all
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AMP is ripe for a takeover. The company needs a bit of a shakeup. It's been mentioned numerous times in the press that a large bank would love to have the super money inflows coming into it.
AMP's shareprice has gone sideways for most of the year. I think the only problem is AMP would cost a fortune to buy out.
AMP's shareprice has gone sideways for most of the year. I think the only problem is AMP would cost a fortune to buy out.
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For 2008 the chief sectors, for takeovers, will be, IMHO, coal and iron ore.
Virtually every quoted coal miner, iron ore miner or for that matter, every conceivable coal or iron ore discovered prospect or mine is in the sights of an Asian, Far Eastern company or Western enterprise.
Ratings of some companies are high and the world will, it is forecast, produce 35 million more tonnes of coal in 2008. Further thought do however point to the continued holdups at Eastern Australian ports putting pressure on supplies throughout 2008 and into 2009.
Into 2010 the Newcastle Port upgrading should come onstream and coal from Moolarben and Anvil hill, as well as held back production in NSW., will come onstream. Hold-ups at some ports in Queensland will improve by this date as well as production from new mines.
Virtually every quoted coal miner, iron ore miner or for that matter, every conceivable coal or iron ore discovered prospect or mine is in the sights of an Asian, Far Eastern company or Western enterprise.
Ratings of some companies are high and the world will, it is forecast, produce 35 million more tonnes of coal in 2008. Further thought do however point to the continued holdups at Eastern Australian ports putting pressure on supplies throughout 2008 and into 2009.
Into 2010 the Newcastle Port upgrading should come onstream and coal from Moolarben and Anvil hill, as well as held back production in NSW., will come onstream. Hold-ups at some ports in Queensland will improve by this date as well as production from new mines.
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I see the coal, oil & gas sectors (both LPG and CSM) being very active take over-wise in 2008. Especially if the markets have more rocky times and SP's cop the occasional hammering. IMO there are too many small resource companies out there ATM. The big sharks will be circling this year....
AJ
AJ
Sean K
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BMN by RIO, or Areva.
RIO will be swallowed by BHP.
BOQ by a big 4
OXR by Xtrata
NCM by Barrick, or Goldfields, or
LGL and NCM merge
BDG by SBM
Plus others to be mentioned...
RIO will be swallowed by BHP.
BOQ by a big 4
OXR by Xtrata
NCM by Barrick, or Goldfields, or
LGL and NCM merge
BDG by SBM
Plus others to be mentioned...
Lucky_Country
Formerly known as ijh
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WPL
OXR
SMY
KZL
ZFX
OXR
SMY
KZL
ZFX
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Is SANTOS allowed to be taken over?
If so then STO, WPL, BHP, Rio, OXR, ZFX, KZL, FMG
If so then STO, WPL, BHP, Rio, OXR, ZFX, KZL, FMG
Julia
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Repeating this request from Prawn to everyone who has posted since then.Can you please detail why the company is a target, and why the other would want to acquire it?
Just to make it less of a ramping thread
thanks all
Can you please say who you expect to do the taking over and why.
Thanks.
Adding to the majority already noted above, I'm going to say IMA Image Resources. Why?? Well, at first, this one was the perfect takeover for Iluka or Tiwest given their mines next door are drying up and they have the infrastructure next door, without the resource. This is the company that has been hitting very good grades at Cooljarloo for mineral sands. Still don't have the initial JORC out but guesses are 100 - 200 million tonne grading average 10% (this estimate is per media reports only, not ASX). This should be out soon. Neighbours are mining up to 5% I believe.
However, I note in recent media reports (not on the ASX, just newspaper) the MD has had discussions with BHP, given that the resource is expected to now be of such a size as to call for a standalone project.
However, I note in recent media reports (not on the ASX, just newspaper) the MD has had discussions with BHP, given that the resource is expected to now be of such a size as to call for a standalone project.
doctorj
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I agree that AMP is ripe for the picking. They have access to a legislative gold mine via super. NAB have been keen on them for years and it'd tie in nicely with MLC/MasterKeyCustom.
QBE and IAG is a likely match as well. QBE doen't have so much domestic stuff and IAG has been a bit of a basketcase and its share price has suffered as a result. In general, I'd expect more tie ups of smaller insurers and mutuals into the bigger players and some of the larger unlisted insurers to continue the trend of listing (in WA, RACI and HBF come to mind).
If the four-pillars policy goes, I'd say ANZ is likely to be the first target given their relatively high customer exposure relative to their size. NAB again is a likely player, but I wouldn't write off a Chinese bank making a play. ICBC spent $5.6b on a South African Bank this year...
Without being too specific, I think the smaller end of the O&G world is due for some consolidation as long as oil prices stay high. Reserves are getting harder and more expensive to find yet the mid to small end of the market tends to trade quite cheap on a 2p basis. The likes of TAP, AWE, BPT, ROC could fall into this catagory. Then you have crapshots like PCL with excellent acerage and no money to drill could also become prey. At the large end, I believe Woodside will need to be a predator to avoid falling prey for the large, high quality gas assets in WA's north. CNOOC or the like would love having such a reserve so close to home.
QBE and IAG is a likely match as well. QBE doen't have so much domestic stuff and IAG has been a bit of a basketcase and its share price has suffered as a result. In general, I'd expect more tie ups of smaller insurers and mutuals into the bigger players and some of the larger unlisted insurers to continue the trend of listing (in WA, RACI and HBF come to mind).
If the four-pillars policy goes, I'd say ANZ is likely to be the first target given their relatively high customer exposure relative to their size. NAB again is a likely player, but I wouldn't write off a Chinese bank making a play. ICBC spent $5.6b on a South African Bank this year...
Without being too specific, I think the smaller end of the O&G world is due for some consolidation as long as oil prices stay high. Reserves are getting harder and more expensive to find yet the mid to small end of the market tends to trade quite cheap on a 2p basis. The likes of TAP, AWE, BPT, ROC could fall into this catagory. Then you have crapshots like PCL with excellent acerage and no money to drill could also become prey. At the large end, I believe Woodside will need to be a predator to avoid falling prey for the large, high quality gas assets in WA's north. CNOOC or the like would love having such a reserve so close to home.
Merry Christmas Everybody
I'm curious that guys are still calling coal, oil amd gas as a resource that they perceive as being a commodity to take off in 2008. This may very well be the case but what about Uranium? Don't China, India and Russia need this important commodity also?
What do people think about MTN being a potential takeover seeing as it has JORC and is working its way towards mining in a few years?
I'm curious that guys are still calling coal, oil amd gas as a resource that they perceive as being a commodity to take off in 2008. This may very well be the case but what about Uranium? Don't China, India and Russia need this important commodity also?
What do people think about MTN being a potential takeover seeing as it has JORC and is working its way towards mining in a few years?
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I was until recently a holder of MTN.
It's a great resource they have but faces a couple hurdles.
If it was starting to look like they might get a mining license, then they could easily become a T/O target but prior to that, i doubt it.
They did have an offer earlier this year but that was poorly timed and the first offer ridiculous.
The share price took off and the bid was upped to $3.69, from memory, but the shares hit almost $7.00, if only i had of sold at that price
.It's not out of the question but i don't think it will happen any time soon, if it all.
Merry Christmas.
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Pxs
biotech company that has recieved got results from their trials, could be a target as they are set to start production in 2008/9
biotech company that has recieved got results from their trials, could be a target as they are set to start production in 2008/9
Sean K
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Well, the RIO by BHP one is happening.
OXR and ZFX is happening, although more a merger by the look.
I'm still tipping LGL by NCM, or a merger, or one of them will be on the table.
Some of the financial services players must be looking tasty.
OXR and ZFX is happening, although more a merger by the look.
I'm still tipping LGL by NCM, or a merger, or one of them will be on the table.
Some of the financial services players must be looking tasty.
I dont want AMP to be taken over .... bargain basement price last couple days and I want to ride it to the top like FLT
I oppose all take over unless they offer AMP at $12-$13 a shares
not that my votes count that much
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OXR had 3-4years to take out PNA I doubt the new entity would be interested in small fry now.
I'll stick my neck out and say EQN is the prize they are after now
I'll stick my neck out and say EQN is the prize they are after now
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from ABN...
Recent company bids and the next likely candidates
Completed / failed bids
Xstrata / Jubilee Mines √
Xstrata / Resource Pacific √
Xstrata / Austral Coal √
Palmary / Cons Minerals √
Xstrata / Gloucester Coal ×
Murchison / Midwest ×
Northgate/ Perseverance √
Announced / in progress
Oxiana / Zinifex
Lihir / Equigold
Zinifex / Alleigiance
Perilya / CBH Resources
PT Antam+Zhongjin / Herald
Indophil / Lion Selection
Likely candidates?
Equinox Minerals
Western Areas
Pan Australia
Sally Malay Mining
Albidon Minerals
Felix Resources
Platinum Australia
Recent company bids and the next likely candidates
Completed / failed bids
Xstrata / Jubilee Mines √
Xstrata / Resource Pacific √
Xstrata / Austral Coal √
Palmary / Cons Minerals √
Xstrata / Gloucester Coal ×
Murchison / Midwest ×
Northgate/ Perseverance √
Announced / in progress
Oxiana / Zinifex
Lihir / Equigold
Zinifex / Alleigiance
Perilya / CBH Resources
PT Antam+Zhongjin / Herald
Indophil / Lion Selection
Likely candidates?
Equinox Minerals
Western Areas
Pan Australia
Sally Malay Mining
Albidon Minerals
Felix Resources
Platinum Australia
