Takeover Targets for 2008

[Kauri]

not so much T/O... but I wonder if they are sneaking into our energy Co's??

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/04/15/cnbp115.xml

heers
...........Kauri

 

[Sean K]

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).

Good pick doctor.

 

[Markcoinoz]

One that could possibly hit the radar later this year is UMC.

M/C Undiluted $132mln.

Aiming for Jorc Railway Prospect 50 - 100 mln tns Highgrade Hermatite.
Due around June - July.
Also in fantastic position near BHP C Block and close to FMG & RIO.
Many other highgrade prospects within their tenements including Jumbo Junction.

They also have the Bauxite tenements around the Mitchell Plateau.
25% JV with Norsk Hydro.

At present they are still at the fairly early stages.
However, over the last few months there has been a fair bit of accumulation.

It could be in anticipation of the Jorc for Railway.

Unfortunately, if UMC is a T/O target it is highly likely that the real value of the company will not have been realised

I hope it doesn't happen for another year or two.

Cheers markcoinoz

 

[Markcoinoz]

Just another one to keep an eye on.

IMO, its a DOG!!!

AEX. I would say most would agree with me.

LOL!!

M/C = $7,330,456

Cash in bank = $1.2mln as @ 31st Dec 2007

Investments = 22,500,000 MLX x .36 = $8.1mln.

The main point is they are not going to go under anytime soon even though the S/P is .012

Now what would happen if over time the S/P should slip down to .008 and MLX's S/P should increase to .40 which is only another 4 cents?

M/C would be $4.86mln
Investment would be $9mln

Food for thought even for a dog.

Cheers markcoinoz

 

[reece55]

Just another one to keep an eye on.

IMO, its a DOG!!!

AEX. I would say most would agree with me.

LOL!!

M/C = $7,330,456

Cash in bank = $1.2mln as @ 31st Dec 2007

Investments = 22,500,000 MLX x .36 = $8.1mln.

The main point is they are not going to go under anytime soon even though the S/P is .012

Now what would happen if over time the S/P should slip down to .008 and MLX's S/P should increase to .40 which is only another 4 cents?

M/C would be $4.86mln
Investment would be $9mln

Food for thought even for a dog.

Cheers markcoinoz

Mark
I appreciate that you have pointed out the value matrix here for AEX, but really this is a thread for takeover targets. AEX just looks like one of many penny dreadfuls short of cash and full of investments in other penny dreadfuls that are illiquid.

I'm going to nominate Sigma at this point.... valuation wise, it has to be the cheapest of the healthcare type stocks going around. They have large market share, can't see them going under. Interest costs are an issue, but their facilities are costing them 10 - 11%... a better funding mix would make this business a better proposition (plus a better credit rating to enable easier access to lower cost debt).

Cheers

 

[Markcoinoz]

Mark
I appreciate that you have pointed out the value matrix here for AEX, but really this is a thread for takeover targets. AEX just looks like one of many penny dreadfuls short of cash and full of investments in other penny dreadfuls that are illiquid.

I'm going to nominate Sigma at this point.... valuation wise, it has to be the cheapest of the healthcare type stocks going around. They have large market share, can't see them going under. Interest costs are an issue, but their facilities are costing them 10 - 11%... a better funding mix would make this business a better proposition (plus a better credit rating to enable easier access to lower cost debt).

Cheers

Hi reece55,

Before you shoot down the messenger, it always pays to do a bit of research if you have something to say.

1) AEX has one investment - not full of investments.
2) MLX M/C is $424.25mln - Not a Penny Dreadful in my book
3) MLX illiquid? $19.49mln Cash in bank. Thats not what i would call illiquid.

I only made the point that AEX was heading into undervalued territory not because of its assets, but rather its investment in MLX. MLX is far from being a penny dreadful or illiquid.

Anyway reece55, i will leave it at that.

Cheers markcoinoz

 

[grace]

I'm going to add PES Pure Energy to the list.

Why? Well, Arrow Energy AOE already own a blocking stake in PES, and they have farmed in on some of PES's acreage (two drills so far).

PES have just drilled Holli1 (100% PES) intersecting the Walloon Coal Measures with 35m of coal seam, with free gas flow, good gas content etc. I hear Richard Cottee (MD of QGC) suggesting that the Walloon Coal fields hold the best coal seam gas in the world. That's what he quotes, not me, but without a doubt, it is very good.

PES MC = $40 million
AOE MC = $1.6 billion

PES own a lot of prospective ground where the big guys (QGC,AOE,SHG) have found heaps of gas.

I think someone will take out PES, and I believe it will be Arrow.

 

[steven1234]

I would add CQT to the list. South Africa's Gold fields is using the Opes ANZ selloff as an opportunity to buy into CQT and it looks like they will make a play some time in the future. Management has been in Court trying to stop ANZ selling more shares to Goldfields recently.

There must be many others that will be targeted using the Opes ANZ selloff as the vehicle to get on board. ANZ is holding shares in many small caps for which there is little market to swollow up the amount of shares it wishes to sell. Perfect opportunity to have a go at a small cap company.

 

[dj_420]

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 think you would be right there bvbfan, EQN a massive copper play about to come online with production in a tight market.

I am in on this basis, I like the pure play copper stocks at the moment. EQN production will put them at the largest copper producer in Africa and in the top 15 in the world.

 

[Nicks]

I think value wise and return wise APA is a good target.

It has been seriously undervalued for some time, and I think yesterday's 13% or so jump in SP has reflected that.

 

[bvbfan]

Have a feeling that the action today in NCM may be the precursor to a substantial holder notice and possible big by a major.

 

[steven1234]

Goldfields has just increased its holding in CQT to 19.06% (from 13.74%).

 

[Sskim]

I agree with Steve CQT could be a takeover target. GF are just up under 20 % holdings now.

Given mebbe a 20 % chance that ANZ might have re-instate JT with his shares, this may just tipple GF hands to declare themselves.

Coupled with power problem in SA which have had a very big impact on GF production

Sskim

 

[gtsman_05]

G.W.R will be a target by Portman Mining

- Currently have a 14.9% stake
- Todays announcement of a Foreign Investement Review Board application to acquire up to 19.99%.

Portman currently stating they are have no intention of taking over, but they would say that wouldn't they.

Stock is very tightly held with just 115m shares on issue.

 

[AnDy62]

IRN is a nice t/o target.

Xstrata has already tried a $1 a share bid. Compicated scenario, involving three parties, but if IRN fails to t/o LST, Xstrata should pounce again. IRN have a 34% stake in the big Tampakan (Copper/gold/nickel) project, and IRN's share of IGV is estimated at $43b