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Shareholders enjoy handsome takeover bids


Shareholders enjoy handsome takeover bids
Lex Hall  |  24 May 2021Text size  
  
Shareholders in several ASX companies have enjoyed handsome takeover bids, with this month’s bid for Crown Resorts the latest to be launched following a strong start to the year.
Asset managers say other takeover bids are likely, with private equity’s huge stores of cash and the low cost of borrowing making bids easier as companies seek growth by joining with others.
Private-equity firm Blackstone and casino operator Star Entertainment Group (ASX: SGR) have both bid for gaming group Crown Resorts (ASX: CWN). Morningstar analyst Angus Hewitt says another bid for narrow-moat Crown is likely after the company rejected Blackstone s revised bid of $12.35 cash per share. Morningstar’s fair value estimate remains unchanged at $12.14, compared to its current price around $12.90, up from around $10 before Blackstone’s first bid in March.   ....

Morningstar Hewitt , Angus Hewitt , Costas Condoleon , Andrew Tang , Macquarie Group Infrastructure , Star Entertainment Group , Research Affiliates , Vocus Group , Transurban Group , Real Assets Holdings , Crown Resorts , Seven Group , Grant Slade , Morningstar Australia , Investing Compass , Morningstar Premium , Mike Aked , Macquarie Group , Vocus Board , அங்குஸ் ஹெவிட் , ஆண்ட்ரூ டாங் , மக்வரீ குழு உள்கட்டமைப்பு , நட்சத்திரம் பொழுதுபோக்கு குழு , ஆராய்ச்சி இணை , வோகுஸ் குழு , ரியல் சொத்துக்கள் ஹோல்டிங்ஸ் ,

Vocus fast tracks recovery through enterprise and wholesale wins


Vocus has posted strong financials in H1 FY2021 to complete its three-year turnaround plan ahead of schedule, crediting wins from enterprise and wholesale customers.
In the half year ended 31 December 2020, the telco reported revenue of $897.4 million, down 0.5 percent year over year from $901.9 million. EBITDA is up 3.8 percent year over year to $188.1 million, while net profit after tax is up 49 percent to $19.1 million.
The strongest segment for the period was Vocus Network Services, the company’s enterprise and wholesale business, which had 8 percent EBITDA growth and an 11 percent increase in recurring revenue.
In addition to government and enterprise, international customers and sales on the Australia-Singapore Cable also contributed to the growth. ....

Kevin Russell , Macquarie Infrastructure , Vocus Network Services , Real Assets Holdings , Australia Singapore Cable , Aware Super , கெவின் ரஸ்ஸல் , மக்வரீ உள்கட்டமைப்பு , வோகுஸ் வலைப்பின்னல் சேவைகள் , ரியல் சொத்துக்கள் ஹோல்டிங்ஸ் , ஆஸ்திரேலியா சிங்கப்பூர் கேபிள் , விழிப்புணர்வு அருமை ,