AMP Capital (AMP); Macquarie Group Ltd (MQG):
MP Capital is a confirmed starter in the third and final NSW electricity infrastructure auction, Endeavour Energy. After chopping and changing between camps, the Australian fund manager’s infrastructure team is locked into the Macquaries pearheaded consortium and is preparing a binding bid in time for next Monday’s deadline. The group, who for the time being are calling themselves ‘‘Edwards’’, will come up against Transgrid’s owners in a two-horse race expected to net NSW about $3 billion. AMP Capital is seeking to buy the 50.4 per cent stake in conjunction with Macquarie Infrastructure and Real Assets, Macquarie Group’s balance sheet and Canada’s British Columbia Investment Management Corporation. [Macquarie Capital is advising the group.
Beach Energy Ltd (BPT); Seven Group Holdings Ltd (SVW); Washington H. Soul Pattinson and Co Ltd (SOL); Wesfarmers Ltd (WES):
By some accounts it’s been bad year for billionaire Kerry Stokes and Seven West Media. But looking at Seven Group Holdings, of which Stokes controls 73.05 per cent, the picture is much rosier. By some accounts it’s been bad year for billionaire Kerry Stokes, if you follow the headlines on the sex, drug and expenses scandals plaguing Seven West Media. But taking a look at Seven Group Holdings, of which Stokes controls 73.05 per cent, the picture is much rosier. That is, if you put aside its mountain of debt, believe the outlook for a turnaround in the price of oil and iron ore can be sustained, and, as an investor, have the stomach for the whims of a billionaire.
MyState Limited (MYS):
ASX-listed lender MyState is weighing strategic options, including a sale, of its $1.8 billion Tasmanian Perpetual Trustees unit. Sources told Street Talk Tasmania’s largest financial institution was considering a range of options for the division, which includes funds management, trustee services and financial planning. It is unclear whether MyState is using an investment bank or accounting firm to assist in the review or if a decision around forging ahead with a divestment has been made. MyState houses brands MyState Bank, The Rock and Tasmanian Perpetual Trustees. The wealth unit is a smaller component of total operating income and MyState, like other lenders, may see it as a good time to retreat from businesses that are non-core.
National Australia Bank Ltd (NAB):
In one of the largest single-office tenancy moves in Melbourne, National Australia Bank has chosen an $800 million office project on Bourke Street being developed by Brookfield Property Partners as its next home. Preliminary work is in progress on the mid-town site at 405 Bourke Street as Brookfield pushed hard to win the bank’s tenancy. Construction is expected to get under way in full this year on the property that Brookfield has been hoping to develop for the past decade. NAB could occupy almost all of the new tower, which will have 29 levels of office space, comprising 66,000 square metres. The office storeys will rise above three levels of retail, just one block down from the Bourke Street mall. Designed by Woods Bagot, the building will have 2350 sq m floor plates.
Santos Ltd (STO):
Tensions are said to be bubbling uncomfortably high within the Santosled joint venture that operates an alltoo-obvious fulcrum of Australia’s domestic gas supply crisis, the GLNG liquid natural gas project on Gladstone’s Curtis Island. The two-train project cost $US18.5 billion to get underway, continues to require about $US900 million a year of sustaining capital, and through the March quarter was 59 per cent filled by gas bought from drillers other than the one that was supposed to fill the thing – that is, Santos. Now, it has long been anticipated that GLNG would rely entirely on thirdparty gas to feed its second train. So this quantum of supply gap is a bit of a worry on a whole lot of levels.
Tabcorp Holdings Limited (TAH); Tatts Group Limited (TTS):
Perpetual has called on the Tatts Group board to consider closely the Pacific Consortium’s $4.21 a share takeover bid, arguing it should lead to it being granted access to Tatts’ books. ‘‘We believe the Pacific Consortium bid justifies the granting of due diligence by the Tatts board,’’ Perpetual head of equities Paul Skamvougeras said. Perpetual has an 8.8 per cent stake in Tatts and he had backed Tabcorp’s $11 billion October bid for Tatts. Perpetual has called on the Tatts Group board to closely consider the Pacific Consortium’s $4.21 per share takeover bid, arguing the consortium’s latest and improved offer should lead to it being granted access to Tatts’ books.
Telstra Corporation Ltd (TLS):
Social brand mentions, hashtags, keywords, descriptions, tweets and comments can be invaluable measures of brand equity offering insights about customers, prospects and products. Textural monitoring is not new. Google Alert or Twitter Advanced Search are common tools to understand who is saying what about your brand. You may even use one of the many advanced social listening tools on the market. The new player in the game is ‘‘visual listening’’. Visual listening uses image recognition artificial intelligence to track the presence of logos, product shots and distinctive assets within images, videos and photos posted online.
(Source: AIMS)
MP Capital is a confirmed starter in the third and final NSW electricity infrastructure auction, Endeavour Energy. After chopping and changing between camps, the Australian fund manager’s infrastructure team is locked into the Macquaries pearheaded consortium and is preparing a binding bid in time for next Monday’s deadline. The group, who for the time being are calling themselves ‘‘Edwards’’, will come up against Transgrid’s owners in a two-horse race expected to net NSW about $3 billion. AMP Capital is seeking to buy the 50.4 per cent stake in conjunction with Macquarie Infrastructure and Real Assets, Macquarie Group’s balance sheet and Canada’s British Columbia Investment Management Corporation. [Macquarie Capital is advising the group.
Beach Energy Ltd (BPT); Seven Group Holdings Ltd (SVW); Washington H. Soul Pattinson and Co Ltd (SOL); Wesfarmers Ltd (WES):
By some accounts it’s been bad year for billionaire Kerry Stokes and Seven West Media. But looking at Seven Group Holdings, of which Stokes controls 73.05 per cent, the picture is much rosier. By some accounts it’s been bad year for billionaire Kerry Stokes, if you follow the headlines on the sex, drug and expenses scandals plaguing Seven West Media. But taking a look at Seven Group Holdings, of which Stokes controls 73.05 per cent, the picture is much rosier. That is, if you put aside its mountain of debt, believe the outlook for a turnaround in the price of oil and iron ore can be sustained, and, as an investor, have the stomach for the whims of a billionaire.
MyState Limited (MYS):
ASX-listed lender MyState is weighing strategic options, including a sale, of its $1.8 billion Tasmanian Perpetual Trustees unit. Sources told Street Talk Tasmania’s largest financial institution was considering a range of options for the division, which includes funds management, trustee services and financial planning. It is unclear whether MyState is using an investment bank or accounting firm to assist in the review or if a decision around forging ahead with a divestment has been made. MyState houses brands MyState Bank, The Rock and Tasmanian Perpetual Trustees. The wealth unit is a smaller component of total operating income and MyState, like other lenders, may see it as a good time to retreat from businesses that are non-core.
National Australia Bank Ltd (NAB):
In one of the largest single-office tenancy moves in Melbourne, National Australia Bank has chosen an $800 million office project on Bourke Street being developed by Brookfield Property Partners as its next home. Preliminary work is in progress on the mid-town site at 405 Bourke Street as Brookfield pushed hard to win the bank’s tenancy. Construction is expected to get under way in full this year on the property that Brookfield has been hoping to develop for the past decade. NAB could occupy almost all of the new tower, which will have 29 levels of office space, comprising 66,000 square metres. The office storeys will rise above three levels of retail, just one block down from the Bourke Street mall. Designed by Woods Bagot, the building will have 2350 sq m floor plates.
Santos Ltd (STO):
Tensions are said to be bubbling uncomfortably high within the Santosled joint venture that operates an alltoo-obvious fulcrum of Australia’s domestic gas supply crisis, the GLNG liquid natural gas project on Gladstone’s Curtis Island. The two-train project cost $US18.5 billion to get underway, continues to require about $US900 million a year of sustaining capital, and through the March quarter was 59 per cent filled by gas bought from drillers other than the one that was supposed to fill the thing – that is, Santos. Now, it has long been anticipated that GLNG would rely entirely on thirdparty gas to feed its second train. So this quantum of supply gap is a bit of a worry on a whole lot of levels.
Tabcorp Holdings Limited (TAH); Tatts Group Limited (TTS):
Perpetual has called on the Tatts Group board to consider closely the Pacific Consortium’s $4.21 a share takeover bid, arguing it should lead to it being granted access to Tatts’ books. ‘‘We believe the Pacific Consortium bid justifies the granting of due diligence by the Tatts board,’’ Perpetual head of equities Paul Skamvougeras said. Perpetual has an 8.8 per cent stake in Tatts and he had backed Tabcorp’s $11 billion October bid for Tatts. Perpetual has called on the Tatts Group board to closely consider the Pacific Consortium’s $4.21 per share takeover bid, arguing the consortium’s latest and improved offer should lead to it being granted access to Tatts’ books.
Telstra Corporation Ltd (TLS):
Social brand mentions, hashtags, keywords, descriptions, tweets and comments can be invaluable measures of brand equity offering insights about customers, prospects and products. Textural monitoring is not new. Google Alert or Twitter Advanced Search are common tools to understand who is saying what about your brand. You may even use one of the many advanced social listening tools on the market. The new player in the game is ‘‘visual listening’’. Visual listening uses image recognition artificial intelligence to track the presence of logos, product shots and distinctive assets within images, videos and photos posted online.
(Source: AIMS)
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