LA Private

April 12, 2024

Farewell Boral

It’s goodbye, Boral (ASX:BLD), as the company’s briefly rebellious independent directors accept a remade offer from Seven Group Holdings, the largest shareholder. Boral’s independent directors had rejected the complex Seven Group (ASX:SVW) offer, holding out for more money and using an independent expert’s report to justify their stance. On Friday, their resistance worked, and the […]

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Steel summit: A forecaster’s alert for Australian investors

A respected industry forecaster has strongly suggested that peak steel demand in China may have already occurred. The World Steel Association (WSA), comprising the top 71 steelmakers globally, predicts that Chinese steel demand could decline from 2025 onwards, impacting Australian investors due to the country’s reliance on iron ore exports to China. While global steel

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Bond yields pressure shares, Money markets, RBA doesn’t have to wait on Fed, Higher petrol prices?

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week Shares had another rough ride over the last week as higher than expected US

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Moody’s gives Ansell acquisition a thumbs up

Moody’s gave Ansell (ASX:ANN) approval this week following the company’s proposed $641 million acquisition of Kimberley-Clark’s PPE business. To finance the acquisition, Ansell swiftly raised $400 million, benefiting from a recent scarcity of major fundraisings among highly-rated industrials, with healthy cash flows. Moody’s considers Ansell’s funding structure, comprising 40% equity and 60% debt, as “credit

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Stocks of the Hour: NewPeak Metals, HighCom, Estrella Resources

To register for today’s webinar click here. NewPeak Metals (ASX:NPM) has completed formal documentation to proceed with the sale of its interest in its Finnish subsidiary companies, NewPeak Finland and Kultatie Holding, which possess a portfolio of Finland Gold permits, subsequent to the execution of a Binding Term Sheet in February 2024. The transaction provides

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