OZ Minerals takeover what will the government be looking at?
Chinese state-owned Minmetals has announced a $2.6 billion takeover offer for OZ Minerals. Like the BHP Chinalco deal, this will require federal government approval, so what are the considerations...
View ArticleWill Fortescue be the next miner to go offshore?
Fortescue Metals looks like being the next Australian miner to be picked up by overseas investors. According to the HeraldSun, the American miner Anglo American and China Investment Corp are in talks...
View ArticleExpensive typo triggers share price plunge
QBE Insurance shares took an unexpected nose-dive yesterday, when a trader accidentally entered a sell order of 20 million shares at $10 each. QBE had been trading at $15.70, but this error triggered...
View ArticleVirgin Blue answers ASX price query
Virgin Blue has been unable to account for the recent plunge in its share price, The Australian is reporting today. Following enquiries from the ASX, Virgin Blue said its expectations for full-year...
View ArticleOz s copper resources upgraded
An upgrade in copper resources at the Prominent Hill mine sent Oz Minerals share price up 5.5% yesterday. The amount of copper available in the South Australian mine was increased by 32%, raising the...
View ArticleNLG share price up on Tabcorp buyout speculation
The price of National Leisure and Gaming shares has fluctuated wildly in the last couple of days, on the back of speculation the company would be acquired by Tabcorp. NLG released an ASX announcement...
View ArticleFlight Centre share price continues to climb
The Flight Centre share price has been travelling steadily upwards for some time now (see the chart below!), and the trip could well continue now that the CFO has indicated the start of the new...
View ArticleFoster's wins $546m tax appeal
Foster’s has won a major victory against the ATO, successfully appealing against a tax assessment which could have cost the company $546 million. Foster’s has already paid $253.6 million on the...
View ArticleMassive share price surge for Gloucester Coal
Gloucester Coal shareholders will be smiling, after yesterday’s 25.5% surge in the share price. The dramatic increase was triggered by a $1.2 billion takeover bid from rival coal player Macarthur Coal....
View ArticleTrader Dealer News: Analyst’s Eye Identifying Low Risk Entry Points
Introduction to Identifying Low Risk Entry Points We have already discussed using multiple time frames to improve your entry timing, but there are other entry techniques that can improve your trading...
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