investors

Linc Energy (LNC) received a speeding ticket from the Australian Securities Exchange (ASX) as its shares soared 25 per cent on Friday amid speculations circulated that the company has found a buyer for its Teresa coal settlement in Queensland. However, the Brisbane-based company denies the speculations and says that it has no explanation for the increase in its share price.

Wattyl (WYL), the Australia based paint and other surface coating supplier and manufacturer which supplies its products to the domestic, commercial and industrial market is going to be taken over by US based Valspar as the Wattyl board has suggested the investors to accept its bid which worth as much as $142 million. However, the Australian paint supplier has managed to improve the bid by as much as $32 million through a month long negotiation.

The shares of Telstra (TLS), the largest telecommunications carrier of Australia is likely to start gaining in the stock market as the company is expecting to see its $11 billion worth of NBN deal coming on board. NBN Co. and Telstra has announced the in-principle agreement on Sunday according to which the carrier is to decommission its copper and cable telephone and broadband services and will have to move its users to the national broadband network which worth $43 billion.

One of the key investors in energy utility assets Duet Group (DUE), which focuses mainly on the Australian and New Zealand market has declared that it has put 29 percent of its holdings in US utility Duquesne for sale as the company is planning to give more concentration on the Australian market. It is to be mentioned that the company made its first offshore investments on assets only three years ago.

Australia based Seven Group Holdings (SVW), one of the leading media companies of the country which is one of the largest magazine publishers there has announced the appointment of as many as three high profile directors in response of calls for bringing in further independence in the team although it is believed that the investors may turn less interested about the recently established conglomerate after the Government came up with the controversial super profit tax for the

The Australia based gold exploration, mining and processing company Lihir Gold Limited (LGL), has claimed that some of the major shareholders of the company expressed their support after the company turned down the all-scrip takeover bid of Newcrest Mining (NCM), which increases the possibility of an improved offer.

ChemGenex Pharmaceuticals (CXS), an Australia based biotechnology research and development company that develops leukemia drugs stated that the latest difficulties faced by the company with the Food and Drug Administration (FDA) is only another hurdle in the drug approval process, although the traders provided the ChemGenex stocks with a right old shellacking.

Sunland Group (SDG), a company that is involved in the business of property development and construction with concentrations on Sydney, Victoria, Gold coast, northern NSW, Brisbane and Dubai has boosted its yearly profit expectations by as much as 15 to 20 percent due to the house and land settlements that came earlier than expected. The company is currently expecting to post a $17 to $18 million worth of profit at June 30th.

Australia based Transpacific Industries Group (TPI), a company that focuses on the waste management business may face a shareholder class action that litigation funder IMF (Australia) and Maurice Blackburn is considering to bring against the company as they believe it didn’t disclose information regarding its forecasts and earnings to the investors at a timely manner during the year 2008 which caused significant loss to the investors when the TPI shares went down in

One of the largest financial institutions of Australia, Macquarie Group (MQG) is planning to close down its management trust that worth $10 billion and direct the investors into a deposit account which is market focused. Macquarie held the Government deposit guarantee as the reason due to which funds drained out from the trust.