Will we see another bid (merger) for the ASX? An $8.4 billion merger between the Singapore Exchange (SGX.SP) and the Australian Securities Exchange (ASX) was...
Nicholas Forsyth
Market Matters
Will we see another bid (merger) for the ASX? An $8.4 billion merger between the Singapore Exchange (SGX.SP) and the Australian Securities Exchange (ASX) was rejected by the Labor government in April 2011. The deal was designed to help the ASX gain a foothold in Asia and let the SGX tap into Australia's commodities markets. The deal basically valued the ASX at $48 a share through the cash and share offer by the Singapore Exchange, many people believe the deal was knocked back because of political egos. The ASX is now trading 23% below the bid and the ASX200 has rallied 18%, investors currently have no reason to thank the previous government. Buy the ASX (yield 4.8% fully franked, next paid in March) looking for a potential takeover. This is mixture of a trade / investment where I see 30% upside with little downside and a decent dividend approaching in March. We analyse the performance of the other 4 main respective exchanges around the world: (VIEW LINK)
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Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self Managed Super Fund (SMSF). As a member, you will receive twice daily and weekly trading and investment advice focusing primarily on ASX equity investments. Additionally, we share his market positions and provide an ongoing outlook on key stocks and markets that matter. We provide clear share trading and investment buy and sell recommendations with the clear aim of outperforming the market. https://marketmatters.com.au/
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Nicholas Forsyth
Director
Market Matters
Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise
Nicholas Forsyth
Director
Market Matters
Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise
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