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...
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CommStream Capital Limited Interview: Insight From Australia's First Agricultural Streaming Company
Today I am speaking with Simon Skerrett, COO and Co-founder of CommStream Capital Limited, Australia's first agricultural streaming company which...
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Shares Overcook Potential for a Mining Services Turnaround
We think the market, on balance, is too optimistic on the outlook for the mining services sector, with an average 34% overvaluation for the nine...
1.9k 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...
246 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),...
181 Views