Takeover Targets

[grace]

I thought I would bump this thread too. I really haven't seen any lists from brokers, which is unusual as they usually put them out at this time of year.

I'm going to have a stab at

ESG Eastern Star Gas (by Santos)
BOW Bow Energy (by BG Group)
BRM Brockman Resources (by BHP)
AQA Aquila Resources (is it too late there? I haven't been following it lately, hasn't someone started nibbling at it??)

That should do for now.

Okay, one gone (not to BHP though), three to go. Might have to wait to 2011 for the others.

 

[mr. jeff]

One I have just noticed, AKM Aspire Mining has just had a 19.9% stake taken in it by South Gobi Resources...one to watch I guess ?

To Company Name/Scheme Aspire Mining Limited
ACN/ARSN 112 417 243
1. Details of substantial holder (1)
Name SouthGobi Resources Limited (and its related bodies corporate)
Ordinary Shares
105,860,186
19.9% of 531,960,734 shares

Takeover potential?

 

[MR CUBE]

Iron Ore Holdings last of the juniors left without a dance partner, Buckland Hills could be the tenement that makes them tempting for RIO. FMG also in the mix because of the close proximity to Iron Valley.

 

[awg]

Ok so BRM worked out nicely.

Now looking for new targets. One the leading indicators of late has been the situation where there is an overseas company with a 19.9% interest. Would also have to be restricted to the commodities space. Anyone able to offer up more companies which fit these criteria?

GXY Galaxy Lithium, is 19.99% owned by Creat Holdings. (China)

SP has been a bit slow considering sector rise, but this should change with progress happening (DYOR)

I dont own GXY for takeover prospect, but exposure to the Li sector

 

[sammy84]

AUN

Posted this chart in the breakout thread a few days ago. Was curious about the volume on takeover speculation. Article below seems to confirm.

http://www.theaustralian.com.au/bus...head-to-colorado/story-e6frg9if-1226010355216

 

[grace]

Okay, one gone (not to BHP though), three to go. Might have to wait to 2011 for the others.

I thought I would bump this thread too. I really haven't seen any lists from brokers, which is unusual as they usually put them out at this time of year.

I'm going to have a stab at

ESG Eastern Star Gas (by Santos)
BOW Bow Energy (by BG Group)
BRM Brockman Resources (by BHP)
AQA Aquila Resources (is it too late there? I haven't been following it lately, hasn't someone started nibbling at it??)

That should do for now.

Both Brockman and now Eastern Star Gas offer by Santos today. Who is next?

 

[SilverRanger]

Both Brockman and now Eastern Star Gas offer by Santos today. Who is next?

There are not many left on the list

BOW had quite a boost today from the ESG takeover news, which makes sense as other big energy players will be pressured to make similar moves.

 

[Garpal Gumnut]

PEN would have to be a t/o target.

They have a new investor from the US, Nucore Energy, and the close has remained particularly resilient in these times of panic, blood and mire.

Hangseng, the PEN guru, would be able to appraise ASF better on any takeover potential.

I, by the way, have a few small kopecks in this miner.

gg

 

[grace]

Both Brockman and now Eastern Star Gas offer by Santos today. Who is next?

There goes BOW too.

 

[djhenry1981]

According to their annoucnemtn ACS is currently a takeover target and they are in negotiations for a friendy takeover.

 

[alexc2005]

AWC seems to be brought up as a take over target.

I cant see why though?

 

[Garpal Gumnut]

I would be interested in members opinions on the top 5 present likely takeover targets in the ASX.

Given the lower valuations of SP recently it would be the time for the Chinese and big miners and industrials to buy.

gg

 

[skc]

I would be interested in members opinions on the top 5 present likely takeover targets in the ASX.

Given the lower valuations of SP recently it would be the time for the Chinese and big miners and industrials to buy.

gg

Not necessarily the top 5 but they appear regularly on various publications/rumour mills.

ERA
TSE
GRR
TWE
TAH
Echo entertainment

And those with half / incomplete offers on the table.

BMN
AUN
CQO
SDL
FGL
SPT

Quite a few of these are well below deal price for various reasons.

 

[noirua]

I was going to name my top 10 takeover targets and noticed, lo and behold, that they are all stocks held in my portfolio; strange that.
Then I was going to list a lot of gold stocks that may be taken over and noticed that 80% of my stocks held (I remain 50% in cash - lower than I should be) are all in a large number of gold stocks from giant to super small minnow; strange that.
Most gold producers should have cash pouring in but most I look at seem to have ventures on the go. Mind you, search for those excellent Aussie based miners with low cost mines with long mine lives, these are probably the ones to monitor very closely indeed.

Coal stocks have plunged in the minnow sector and could be ripe for a takeover though most companies appear to want to buy such mines from a financially stressed company. Such are the times we live in just now.

 

[vkdirector]

With AUN does anybody know what sort of time frame the ACCC will allow or usually allows before it will give its final decision with regards to the FOXTEL transaction?

Its been about 6 weeks so far from when AUN made there statement about the ACCC's market inquiries.

 

[Logique]

Unfortunately the takeover predators come out at times like these, so if you believe in a company, retain some interest in it, especially in 'hot' sectors.

Queensland Gas (still grumpy about that one) and Eastern Star Gas (ditto) come to mind in recent years, but also I'd watch the gold, coal and rare earths sectors.

 

[skc]

With AUN does anybody know what sort of time frame the ACCC will allow or usually allows before it will give its final decision with regards to the FOXTEL transaction?

Its been about 6 weeks so far from when AUN made there statement about the ACCC's market inquiries.

It was going to be 6 Sept but has since been extended. Prob 4 weeks extension but not 100% sure.

 

[vkdirector]

Cheers for the info skc I had thought it would have to be getting close to the announcement date by now. I do have a pretty small holding of AUN and they have been doing ok lately considering on what a lot of other companies have been doing, so 4 weeks is not to far away.

EDIT.....

The Australian Competition and Consumer Commission today released a Statement of Issues on the proposed acquisition by FOXTEL Management Pty Limited of AUSTAR United Communications Limited.

The Statement of Issues seeks further information on certain competition issues which have arisen from the ACCC's review to date.

The ACCC invites further submissions from the market in response to the Statement of Issues by 11 August 2011. As a result the ACCC's final decision will be deferred until 8 September 2011.

Submissions can be sent by email to the ACCC at mergers@accc.gov.au.

The Statement of Issues will be available on the public merger register on the ACCC's website, www.accc.gov.au/mergersregister.

Release # NR 128/11
Issued: 22nd July 2011

Wonder if the 8th September is still going to be the date.

 

[skc]

Release # NR 128/11
Issued: 22nd July 2011

Wonder if the 8th September is still going to be the date.

Thought I read something since then about extention but couldn't remember where I saw it. Could have been dreaming...

 

[vkdirector]

Thought I read something since then about extention but couldn't remember where I saw it. Could have been dreaming...

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.