Probably the biggest story this week was the end of what was destined to be the merger of the century. Aside from all the why’s and wherefore’s about what went wrong with the merger, it also elicited the greatest number of marriage/engagement/divorce metaphors in the history of journalism…
November 29th, 2008 | Kris Sayce | 1 comment | ContinuedArchive for Kris Sayce
Kris Sayce began his financial career in the City of London as a broker specializing in small cap stocks listed on London's Alternative Investment Market (AIM). At one of Australia's leading wealth management firms, Kris was a fully accredited adviser in Shares, Options and Warrants, and Foreign Exchange. Kris was instrumental in helping to establish the Australian version of the Daily Reckoning e-newsletter in 2005. In late 2006, he joined the Melbourne team of the leading CFD provider in Australia.
The Best Time to Invest in the Market in 5 Years
“Stock Market Crisis”…”Market Meltdown”…”Stock Market Crash”…”Government Bails Out Banks”…”Credit Crisis”. Those seem to be the only type of headlines we’ve seen during the last few months. There have been very few bright spots. It has culminated – so far – with the S&P/ASX 200 having fallen by 50% since the market peaked in November 2007. Because of that we have reassessed all of the positions in our Australian Small Cap Investigator portfolio…
November 25th, 2008 | Kris Sayce | 1 comment | Continued
Oil Prices Go Up Based on Hurricane Fears
After the almost relentless bullishness of the markets since the end of February, the last few days seem to have taken on a slightly different shape. Are we really entering bearish waters? Or is it just the typical nerves that one sees when the market does continue to record ever higher and higher highs?
Already in [...]
Platinum Asset Management Gains 76% While Greenspan States the Obvious
The big story yesterday was the remarkable (or maybe obvious) performance of Platinum Asset Management as the company listed on the Australian Securities Exchange for the first time. With an IPO price of $5, and plenty of interest from retail and institutional investors, it was no real surprise that the company’s share price added 76% [...]
May 24th, 2007 | Kris Sayce | 0 comments | Continued
Macquarie Revalues Qantas at $17 Billion
We couldn’t do ourselves justice if we didn’t make some mention of Qantas (ASX: QAN). We noted the headline from Bloomberg News, “Qantas’s Dixon Tells Staff Airline in ‘Sweet Spot.’” Clearly this ‘Sweet Spot’ must have materialised at some point after the Airline Partners Australia / Qantas takeover died. The inside running is that Dixon will [...]
May 23rd, 2007 | Kris Sayce | 0 comments | Continued
Rio Tinto & BHP Up Over 20% This Year, Doubling the All Ords
It was another choppy week for the All Ordinaries, which managed to eke out a miniscule gain of 0.3%, finishing down by 50 points on Friday from the record high posted the day before.
Rio Tinto (ASX: RIO) continued to tread water above AUD$90 as speculation about a possible takeover receded (was it ever really a serious [...]
Qantas Chair Margaret Jackson Resigns and So Does the APA Website
After hearing that Airline Partners Australia had finally decided to rule out any further attempt at buying Qantas (ASX: QAN), we were reminded of the immortal ‘dead parrot sketch’ from Monty Python’s Flying Circus.
To paraphrase, “This takeover is no more! It has ceased to be! It’s expired and gone to meet its maker! It’s a [...]
Macquarie Paid CEO Allan Moss $33 Million, Is He Worth It?
To be honest, we don’t care how much Alan Moss, chief executive officer at Macquarie Bank (ASX: MBL) earns. Is it really any skin off of your correspondent’s or anyone else’s nose if Emperor Moss earns $33 million a year?
Clearly $33 million is more than most people need. Arguably no-one, however good there are at [...]
Resources Boom, Drought Clash As Newcrest Uses Region’s Emergency Water
It is almost like a scenario from Geoffrey Robertson QC’s television series, Hypotheticals, the series of programs in which the eminent Queen’s Counsel poses various hypothetical scenarios to a panel of ‘celebrities’ asking them to make a decision that could have dire consequences either way.
The real life hypothetical was played out by Orange Council in [...]
Qantas Drama Leaves Coles to Show How Private Equity Takeovers Work
What a positively dull weekend compared against last weekend’s mishaps and blunders. The private equity deals will continue to arrive, and the political watchers will be keeping an eye on the latest Newspoll which is due to be released in The Australian today.
On the private equity front the Qantas takeover drama isn’t quite over. Now [...]
