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
UGL / CIMIC: Unconditional Off-Market Bid
10 October 2016:CIMIC Group Ltd (CIM AU) announced that it intends to make a final, unconditional offer to acquire the shares of UGL Ltd (UGL...
189 Views
Holdco Updates: Close Cosco, Hold onto Hochtief
Mean Reversion Complete for Cosco Capital Ever since we wrote on how Cosco Is Cheaper Than Ever, it has reverted back to its mean. We think that...
228 Views