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Centrebet shares jump on takeover offers

Centrebet said this morning that it had received indicative, non-bonding and conditional proposals from a number of companies. Its shares jumped on the news and were recently trading 8 per cent higher at $1.76. Centrebet, which has previously disclosed that it was considering

Centrebet considers takeover proposals

AAP Centrebet International Ltd says it is "facilitating discussions" with organisations which have expressed interest in taking over the punting company. Centrebet said on Tuesday that it had received indicative, non-bonding and conditional proposals from a number of
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Centrebet considers takeover proposals

Centrebet said that it had received indicative, non-bonding and conditional proposals from a number of companies. Centrebet, which has previously disclosed that it was considering consolidation opportunities, either as an acquirer or as a target, described the proposals as
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Centrebet considers takeover proposals

Centrebet said on Tuesday that it had received indicative, non-bonding and conditional proposals from a number of companies. Centrebet, which has previously disclosed that it was considering consolidation opportunities, either as an acquirer or as a target, described the proposals as

Telstra "very concerned" about NBN legislation

In a letter to shareholders on Tuesday, the telco said the draft legislation had for the first time raised the prospect of the NBN Co becoming a government-funded retailer, not just a wholesale network provider. "Such an outcome would run counter to the core purpose of the NBN and
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Telstra "very concerned" about NBN legislation

Telstra Corporation says it is very concerned about the federal government's draft legislation that would govern the operation of the National Broadband Network. In a letter to shareholders today, the telco said the draft legislation had for the first time raised the prospect of the NBN Co
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Gunns to restructure after profit slump

Gunns Ltd 's first half profit slumped 98 per cent as the woodchipper moves to restructure its operations and secure long-awaited funding for its controversial Bell Bay pulp mill . Gunns shares were 13 cents, or 14.77 per cent, lower at 75 cents at 1235 AEDT on Monday. Gunns said the

Time for Santos to put a price on LNG dreams

Unfortunately for Knox, the days of dreaming are over. While he may hope one day to preside over a liquefied natural gas venture in Queensland with five processing units producing 20 million tonnes a year, the next step is to tell his investors how much the first stage will cost. Santos has

Before the dream turns to nightmare

Speaking at the Santos results briefing yesterday, the chief executive, David Knox, told analysts "CEOs are occasionally allowed to dream, and that would be the ultimate vision, that we'd have a North West Shelf scale project on Curtis Island". Unfortunately for Knox, the days of
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AXA weighs in with timely rebound

AXA APH looks all but set to be broken up after its board recently endorsed a $14 billion bid from National Australia Bank, which is looking to on-sell the wealth manager's Asian businesses to France's AXA SA for $9.6 billion. In December NAB trumped an offer from AMP in a deal that valued the

No word from Canadian funds: Transurban

AAP The group has also indicated it is interested in buying Sydney's Lane Cove Tunnel. Chief executive Chris Lynch said on Wednesday a recent internal review of Transurban's financial model, and a separate review by company adviser Lazard, again valued Transurban "significantly higher" than

Transurban says no word from Canadian suitors

The group has also indicated it is interested in buying Sydney's Lane Cove Tunnel. Chief executive Chris Lynch said a recent internal review of Transurban's financial model, and a separate review by company adviser Lazard, again valued Transurban "significantly higher" than the
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No word from Canadian funds: Transurban

Toll roads operator Transurban Group says it has had no contact with two Canadian pension funds or the Future Fund since it rejected a takeover offer in October. The group has also indicated it is interested in buying Sydney's Lane Cove Tunnel . Transurban in October received a

AXA Asia Pacific returns to profit

AAP Net profit was $679.2 million for the 12 months to December 31 compared with a loss of $278.7 million the year before, Melbourne-based AXA APH said on Wednesday. Operating earnings, AXA APH's preferred measure because it removes unrealised asset fluctuations, was steady at $554

AXA returns to profit as takeover looms

The unit of France's AXA SA holds separate analysts and media briefings later today and investors will be watching for comments on the high stakes $13.3 billion takeover saga. AMP reports earnings tomorrow and NAB announces its quarterly update on Friday, and both could then reveal their next

AXA Asia Pacific returns to profit

AXA Asia Pacific Holdings Ltd (AXA APH) has recovered to a full-year profit as the wealth manager and life insurer benefited from the recovery in equity markets. Operating earnings, AXA APH's preferred measure because it removes unrealised asset fluctuations, was steady at $554

AXA returns to profit as markets recover

Net profit was $679.2 million for the 12 months to December 31 compared with a loss of $278.7 million the year before, Melbourne-based AXA APH said this morning. Operating earnings, AXA APH's preferred measure because it removes unrealised asset fluctuations, was steady at $554

AXA Asia Pacific returns to profit

Net profit was $679.2 million for the 12 months to December 31 compared with a loss of $278.7 million the year before, Melbourne-based AXA APH said on Wednesday. Operating earnings, AXA APH's preferred measure because it removes unrealised asset fluctuations, was steady at $554
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Crisis-hit investors shun style for stability

Benjamin Graham IN early 2007 the Australian market was a popularity contest. And almost everyone was popular. At that time the stockmarket was in the mode described by legendary US value investor Ben Graham as a ''voting machine'' - a popularity contest in which stocks with no real merit
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The good, the bad and the ugly

In early 2007 the Australian market was a popularity contest. And almost everyone was popular. “One of the clues that we had was that it was all too easy,” says Mike Mangan, a portfolio manager with the boutique fund manager 2MG Asset Management. “It was up 20 per cent every
year.