HDR
Hardman Resources (HDR) was the best performing stock on the Australian sharemarket this week. (Winner of the week for week 39 of 2006). Hardman Resources stocks rose 56 percent on the week after a takeover offer. Hardman Resources is an Australian oil and gas exploration and production company listed on the Australian Stock Exchange and on the Alternative Investment Market (AIM) of the London Stock Exchange.
A stock analyst has retained their rating of Hold, High Risk for Hardman Resources (HDR). Citigroup Investment Research (CIR) have a share price target to the bid price of $2.02. The High Risk rating is due to the potential of a higher bid. UK-based company Tullow have given HDR shareholders the opportunity to: 1. Take full cash; or 2. Tullow shares at the ratio of 0.22289 Tullow shares for each Hardman share to a maximum of 65m shares.
JP Morgan has rated Hardman Resources (HDR) shares as Neutral with a valuation at $1.63. Hardman Resources Limited is listed on the Australian Stock Exchange (ASX) under stock code HDR. Check your charts!
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