Multiplex Group (MXG) Shares Recommendation

Submitted by Craig Strzelecki on 30 January, 2007 - 22:39

Multiplex Group (MXG) have a Neutral 2 shares recommendation and a share price target of $4.70 from shares analyst UBS. MXG has received a request from an undisclosed 3rd party to commence discussions which may lead to an offer for MXG or its assets. This came after the Roberts Family (25.63%) were approached & responded that any offer should be put to the MXG Board, after which the family will consider it. The analyst expects that if the approach proceeds, the group would open up the bidding to others. The key issues are what figure buyers might pay, whether offers come in for the entire group or just parts (& any resulting implications for certainty) & whether the Roberts Family wish to to deal by accepting or even participating in some form. The analyst expects the share price will stay at present levels whilst the bid process proceeds.

Multiplex Group Limited is listed on the Australian Stock Exchange (ASX) under stock code MXG. You can view their investor website here. Andrew Roberts is the CEO of Multiplex and Allan MacDonald is the Chairman. Find out the meaning of the recommendations in this primer. MXG was listed on the ASX on 2 December, 2003. The Mutliplex Group is an integrated property group with operations in construction, property development, facilities management and property funds management. The Group will also hold a portfolio of investment grade properties initially comprising commercial and retail properties. Browse for other stockbroker recommendations. You can use Instalment Warrants to trade MXG. Check your charts and good luck with your share trading!