Category: Uncategorised

BlueScope shareholders face fresh risks

BlueScope Steel shareholders have been skewered horribly by their management and board. As gun-shy as they must be though, thanks to the latest sneaky $600 million life-or-death share raising, they risk being dudded again if...

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Lance and his magical umbrella

Shareholders had thought they had seen it all this week as company boards adroitly shifted the goalposts at Commonwealth Bank and Wesfarmers’ to pay their fat cats millions of dollars more. Today, however, came the piece de...

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NAB attack misses the mark

Does Canberra really want the big banks to break rank and compete on price? If so, the outcry over last week’s decision by National Australia Bank to not pass on the full rate cut was a gross overreaction. NAB had already...

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Come and get it: BHP at a discount

Morgan Stanley is out with a ‘’buy’’ on BHP today, putting a compelling new version of the old case that the share price should be higher since it trades at a 30 per cent discount to the low-growth ASX200. They could...

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Sundance and the Clayton’s bid

This is the first blog entry for the West Files – watch out for more insights and breaking news from Michael West. The crash in Sundance shares is a salutary reminder, indeed a costly reminder for would-be arbitrageurs,...

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Little consolation for angry shareholders

THE break up of Telstra may prove a boon to consumers but has incensed shareholders who had no inkling when they acquired shares in the privatisation that their investment would be split. The sharemarket pronounced its early...

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Revolving Doors

Australian politicians and bureaucrats with links to fossil fuel & resource extraction industries.

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