Takeover Targets

[skc]

Looks like you were not dreaming as there was no announcement today but I could not find any info anywhere on an new announcement date.

There is no date.

http://www.accc.gov.au/content/index.phtml/itemId/975742/fromItemId/750991

ACCC requested further information from the merger parties. Former proposed decision date of 8 September 2011 delayed. ACCC timeline suspended pending receipt. ACCC will announce a new proposed decision date upon receipt of further information from the parties.

 

[robusta]

Well I do like this article

http://www.asx.com.au/asxpdf/20111006/pdf/421l5mf1qc736l.pdf

As I have two of the six in my portfolio. (FGE and MTU)

WEB and ANG have been on my watch list for a while, UXC does seem interesting and for what it is worth I have no interest in AMP.

 

[skc]

There seems to be a fair bit of M&A in the market of late. I am just jotting them down here for the record and for occasions when I wish to review them. These are the current live deals.

Energy
OSH / WPL , AJQ
Materials
ATE
Telco
MTU / VOC
Mining services
SKE / PRG, COF, CDD, BKN
Properties
ANI / TIX, LEP
IT
UXC, VED
Retail
PGR
Other Industrials
AFJ / GEM, ISU, VEI, AIO, REC

If I have missed anything please add to the list.

 

[skc]

If I have missed anything please add to the list.

HUB / IFL

 

[VSntchr]

There seems to be a fair bit of M&A in the market of late. I am just jotting them down here for the record and for occasions when I wish to review them. These are the current live deals.
If I have missed anything please add to the list.

Read this last night just before bed and thought "what a great thread!" Great idea to keep track of everything in-play.

HUB / IFL

Came here to actually add some value and post HUB, looks like I am too slow.

 

[skyQuake]

Couple of small ones: PXG, AQP

 

[tinhat]

TGS: takeover or partial sale.

14 Oct 2015

Tiger Resources Limited (“Tiger” or the “Company”) is pleased to announce the appointment of
senior mining industry professional Mark Connelly as an independent non-executive director of the
Company.

Mark has extensive resource industry experience in CEO and Managing Director roles at a number of
international companies across multiple jurisdictions including Australia, North America, South
America, Africa and Europe. In those roles he has been instrumental in the development,
construction and operation of mining projects for a variety of commodities, including gold, base
metals and other minerals.

Mark was principally responsible for the merger of Papillon Resources and B2 Gold Corp in October
2014 (transaction value AUD$650M), as well as the key person responsible for Adamus Resources
and Endeavour Mining merger in September 2011 (transaction value AUD$580M). These
achievements were recognised last year by the issue of Mining Journal’s “Outstanding Achievement -
CEO of the Year 2014 Award”.

 

[skc]

New one today: ABY/MLX

 

[skc]

Apparently this gets released every Friday... bold ones are missing from my list.

Takeover Placements - Oct 16

AS AT OFFEROR SHARES OFFER PRICE Incr./Decr. CODE OFFER
26/10/15 360 Capital IF 96288031 0.9 TIX + +$0.10 ANI
26/10/15 360 Capital IF 96288031 $0.245:ANI - ANI
02/11/15 Auctus Chillagoe 279691386 $0.20:ATE - ATE
09/11/15 Australia Brands 136690860 $0.63GR - PGR
- Challenger Life 214101013 $2.74:CDI - CDI
- Confederate 1306594114 $0.014:EMR - EMR
28/10/15 Crescent Capital 169180169 $3.15:CDD - CDD
26/10/15 Evolution Mining 470087333 0.06 EVN + - PXG
26/10/15 Evolution Mining 470087333 $0.06XG - PXG
- GEGM Investments 396183342 $0.075:AIK - AIK
- HOCHTIEF 338503563 $22.50:LEI - CIM
27/11/15 Ichor Coal NV 505685447 $0.16:UNV - UNV
21/10/15 Jangho Group Co 180055998 $1.10:VEI - VEI
15/11/15 PT Cakra Mineral 499342704 10.327PT or - CKA
15/11/15 PT Cakra Mineral 499342704 $0.16:CKA - CKA
- Tetra Tech Inc 255833165 $0.425:COF - COF
23/10/15 WestSide Corp Ltd 304635766 $0.12:AJQ - AJQ


Sourcedata: ASX

AAP

Quite a few outdated ones... and doesn't include unconfirmed ones like ISU or even VED and AIO.

 

[VSntchr]

Mining services
SKE / PRG, COF, CDD, BKN

Updates-
SKE/PRG has now been implemented.

CDD has just recommended the increased offer of $3.45 by Crescent. Note: only 1 out of every 2 shares are being bid for.

 

[skyQuake]

Updates-
SKE/PRG has now been implemented.

CDD has just recommended the increased offer of $3.45 by Crescent. Note: only 1 out of every 2 shares are being bid for.

CDD too hard - market thinks post proportional t/o the price will get slammed 10%+

 

[skc]

CDD too hard - market thinks post proportional t/o the price will get slammed 10%+

I am small long... At $3.06, the share price post offer needs to be <$2.67 for a loss.

I can't see it getting slammed that much. Not on open anyway.

 

[So_Cynical]

Some media speculation about Reckon - RKN

They have sought advise from Macquarie...i noticed because i hold.

http://www.itnews.com.au/news/recko...eed&utm_medium=rss&utm_campaign=editors_picks

 

[skc]

Tiny one to add to the list.

ORS cash and script offer from AYC

 

[SilverRanger]

New on the list: BPT/DLS, been onto this one for over a month and finally caught it

 

[notting]

New on the list: BPT/DLS, been onto this one for over a month and finally caught it

DLS was looking quite good with it's oil prices hedged at 80 something. I'm happy cause I had a lot of DLS given the hedge, but I reckon it's another Stokes rip off if Oil doesn't move beyond 50 not to mention 80 something (in which case everyone is happy) from here it simply improves BPT balance sheet and cash flow.

Drillsearch Chairman Jim McKerlie and Director Phil Bainbridge to join Board of combined group - it's all about us!

 

[SilverRanger]

DLS was looking quite good with it's oil prices hedged at 80 something. I'm happy cause I had a lot of DLS given the hedge, but I reckon it's another Stokes rip off if Oil doesn't move beyond 50 not to mention 80 something (in which case everyone is happy) from here it simply improves BPT balance sheet and cash flow.

Drillsearch Chairman Jim McKerlie and Director Phil Bainbridge to join Board of combined group - it's all about us!

This deal was always awaiting to happen, the difficult part is the timing. For me seeing DLS's share price dipping below BPT's was the no-brainer trigger to get fully loaded.

Actually I'm a bit disappointed in BPT's performance today, does people just not appreciate the quality of assets and synergies DLS is giving?

 

[skc]

Actually I'm a bit disappointed in BPT's performance today, does people just not appreciate the quality of assets and synergies DLS is giving?

It's those bloody pair traders who keep shorting BPT...

 

[skc]

List update. [BOLD] = new

Energy
OSH / WPL , AJQ, STO, DLS/BPT
Materials
ATE, , UNV, AQP, PXG/EVN, CKA, ABY/MLX, ORS/AYC
Telco
MTU / VOC
Mining services
SKE / PRG, COF, CDD, BKN
Properties
ANI / TIX, LEP
IT
UXC, VED, HUB
Retail
PGR
Other Industrials
AFJ / GEM, ISU, VEI, AIO, REC

Rumours only
DSH, RKN, WOW

If I have missed anything please add to the list.

 

[SilverRanger]

List update. [BOLD] = new

Energy
OSH / WPL , AJQ, STO, DLS/BPT
Materials
ATE, , UNV, AQP, PXG/EVN, CKA, ABY/MLX, ORS/AYC
Telco
MTU / VOC
Mining services
SKE / PRG, COF, CDD, BKN
Properties
ANI / TIX, LEP
IT
UXC, VED, HUB
Retail
PGR
Other Industrials
AFJ / GEM, ISU, VEI, AIO, REC

Rumours only
DSH, RKN, WOW

If I have missed anything please add to the list.

The DSH rumour is looking increasingly likely now I would say.

DSH 2016 NPAT $37-43M, market cap $200M, PE 5
JBH market cap $1800M, PE 13, hmmm....