Yesterday
Inghams director warns: Guzman y Gomez store will attract ‘riff-raff’
Behind the minor fracas is a bigger question about whether the country’s biggest poultry producer can continue to squeeze big profits from fast food chains.
This Month
- Opinion
- Insolvency
‘Safe harbour’ talk sends Mosaic Brands into rougher seas
The obvious question to ask here is: should the company have disclosed this fact? The less obvious answer is no, not under ASX continuous disclosure requirements.
- Analysis
- Due diligence
DroneShield: a capital markets plaything or the real deal?
Even as sceptics question its valuation, the drone detection and jamming group has a near $1 billion market capitalisation.
July
Carl’s Jr local brand holder calls in KPMG
As voluntary administrators consider the sale of 20 burger stores, some Carl’s Jr franchisees are still in business.
- Analysis
- Due diligence
Why M&A arb funds are sitting out ‘the trade of the year’
Sierra Rutile has caught the eye of London’s ‘most daring emerging markets fund’, a Sierra Leone mining contractor and a global commodities trader in a three-way bidding war.
- Updated
- Competition
NSW productivity agency queries whether PEXA plays with pricing
In a report, the NSW Productivity Commission says the Commonwealth Bank-backed fintech’s monopoly must be swiftly ended so it does not gain too much data.
- Updated
Solomon Lew’s surprise role model? Vegas mogul Sheldon Adelson
Like the colourful businessman, the billionaire rag trader won’t stop building his empire. And Myer, with a new chief, is finally playing ball.
- Updated
June
- Analysis
- Due diligence
Deterra’s big-ticket bet on lithium royalties faces tough reception
After years of being criticised for high costs and inaction, Iluka-backed Deterra Royalties has bid for Trident Royalties and is facing a backlash, again.
PEXA drags feet on breaking up its own monopoly, pleasing investors
While shareholders are hopeful of overseas riches, the property settlement platform is facing the threat of its stranglehold on e-conveyancing being broken.
Barrenjoey says ACCC overplaying Chemist Warehouse’s supply risks
The broker has told clients that the competition regulator has ignored independent wholesaler CH2 when warning the deal will mean less drug supply competition.
- Exclusive
- Mergers & acquisitions
Competition concerns stalk Chemist Warehouse’s $8.8b Sigma deal
A Singaporean hedge fund warns the “smart money was playing dumb” on a deal that means the merged group will be the only major player in Darwin and control 68 per cent of Melbourne’s market.
- Analysis
- Due diligence
Only way to lose on Aussie property? Top short defies doubters
Lifestyle Communities, one of the market’s most shorted stocks, was a key hedge fund bet at the Hong Kong Sohn conference.
May
Why Harvey Norman, JB Hi-Fi could be AI winners
Microsoft is making big bets on faster, more sophisticated computers. Harvey Norman, JB Hi-Fi and Officeworks could be unexpected beneficiaries.
- Analysis
- Due diligence
ARN Media’s M&A record holds out for elusive win
After seven months, the dream of an ARN-Southern Cross combination fell apart. But if history is any guide, M&A has been a source of unease for ARN investors.
Brookfield’s Healthscope debt trap is a mess for everyone involved
The investment giant is bringing its punchy approach to restructuring – and tactics more often found in the US – to Australia as it works on the hospital group.
CEO hails progress as AGL ups guidance again
The energy giant backed by software billionaire Mike Cannon-Brookes bumped the lower bound of its full-year guidance up by $80 million.
- Updated
- Analysis
- Due diligence
Time for Rio Tinto dual-listing rethink with Anglo American in play
Trading the spread between the value of Rio Tinto’s dual-listed London and Australian shares is usually the province of specialist arbitrage funds. But BHP’s tilt at Anglo American has it back in focus.
April
- Analysis
- Due diligence
Why this time might be different for serial underperformer Lendlease
A demerger is often the go-to solution for companies weighed down with an underperforming division. But it might not stack up for under-pressure Lendlease.
- Exclusive
- Rare earths
Gina Rinehart emerges as big investor in California rare earths giant
Disclosures by MP Minerals show the billionaire’s Hancock Prospecting owns some 5 per cent of the company, which had discussed merging with Lynas Rare Earths.
- Analysis
- Due diligence
What is Macquarie’s secretive green investment arm even worth?
Valuations of renewable assets are volatile, and exits remain hard. At least one investor thinks the banking giant should get itself out of the business.
