Ruling on North BH scrip up to court
The future of North Broken Hill Ltd shares worth $60 million, held by Mr Ron Brierleys Crosley Ltd, rests with three Supreme Court judges.The week-long appeal against Mr Justice Fullagars…
NZ giant will join list here
NEW ZEALANDS biggest listed company, the acquisitve corporate investor, Brierley Investments, plans to list on the Australian stock exchange in about six weeks.
Offer for ODE by AOG too low
Directors of Oil Drilling and Exploration Ltd, (ODE), yesterday labelled the $1.35-a-share offer from Industrial Equity associate, AOG Pacific, as too low.ODE chairman, Mr Richard Dumbrell, said the offer did…
IEL Trust
IEL Property Trust is having a one-for-one renounceable issue of income and growth units at 90c each in a move expected to raise $14.04 million.
Acmex the target
SYDNEY Industrial Equity Ltd yesterday made a formal offer for the 57.3 per cent of Acmex Holdings Ltd to which it is not entitled.The offer is one IEL share for…
Ballarat price hike freezes raider out
HOOKER shares sank to a new 1977 low yesterday after speculation that the groups $100 million land stake, which was not spelt out in its balance sheet, could prove a…
Potter frustrates a raid on Ballarat
INTERESTS close to Carlton and United Breweries appeared to move into the share market yesterday to protect the achilles heel among its shareholders Ballarat Brewing.
IEL doubles earnings
Corporate raider, Industrial Equity, more than doubled earnings, from $346.000 to $736,000 in the December half. Group revenue increased from $2.6 million to $4.4 million. Interim dividend has been increased…
Takeover bids – 2 new moves
NEW developments were announced yesterday in two takeover situations involving Industrial Equity Ltd. and Comeng Holdings Ltd.
Two claim their goals
TWO takeover situations were resolved yesterday. Industrial Equity Ltd. announced a new bid for Noske Industries Ltd. with Noske directors blessing.