MXG
Multiplex (MXG) is the winner of the week (the best performing company on the Australian sharemarket ASX200 index) for week 4 of 2007. The construction and property development company closed the week at $4.85, 87 cents higher or 21.9 percent. The All Ordinaries index closed the week at 5753.30, up 2 percent from 5650.8 last week, while the ASX200 index closed at higher at 5769.9 from last week's close of 5673.1.
Multiplex Group (MXG) has an unchanged Reduce 2 stock recommendation and a share price target of $3.78 from stock analyst and investment bank UBS. MXG have announced an intention to launch the Multiplex European Property Fund (MEPF), initially comprising a 356 million Euros (A$595m) portfolio of 67 German retail (c50%), logistics/office (30%) & nursing home (c20%) assets. Whilst funds raised will target Australian sourced capital, management are yet to determine whether MEPF will be a listed/unlisted fund with mgmt yet to finalise structuring & gearing.
Multiplex Group (MXG) has an unchanged Neutral 2 stock recommendation and a share price target of $3.72 from stock analyst UBS.
Mulitplex have a Neutral 2 stock recommendation and a $3.70 price target for their shares from investment banker and stock analyst UBS. According to the bank:
The Wembley project has suffered £183m in losses (net of the A$50m Roberts indemnity). The court hearing to determine damages with regards to CBUK is scheduled for Apr-07. The claims in relation to Mott McDonald design engineers may be decided by court or insurance settlement over the next 6-9mths. Our understanding is the claims against WNSL & Mott McDonald are larger than those against CBUK.
Citigroup Investment Research has maintained their Buy / High Risk Recommendation on Multiplex Group (MXG) stock with a share price target price of $3.36. Multiplex Group is listed on the Australian Stock Exchange (ASX) under stock code MXG. Check your charts!
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Top 50 Public Companies Listed on the Australian Stockmarket as at 18/07/2008
- BHP Billiton
- Commonwealth Bank of Australia (CBA)
- Rio Tinto
- National Australia Bank (NAB)
- Telstra (TLS)
- News Corporation or NewsCorp (NWS)
- Westpac Banking Corporation (WBC)
- Woodside Petroleum Limited (WPL)
- ANZ
- Woolworths Limited (WOW)
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- Fortescue Metals (FMG)
- CSL
- QBE Insurance
- St. George Bank Limited (SGB
- Newcrest Mining Limited (NCM
- Origin Energy Limited (ORG)
- Maquarie Group (MQG)
- AMP Limited (AMP)
- Leighton Holdings (LEI)
- Suncorp-Metway Limited (SUN)
- Brambles Limited (BXB)
- Santos Limited (STO)
- Coal & Allied (CNA)
- Incitec Pivot (IPL)
- Foster’s Group Limited (FGL)
- Orica Limited (ORI)
- BlueScope (BSL)
- AXA Asia Pacific Holdings Limited (AXA)
- Woodside Petroleum Limited (WPL)
- Insurance Australia Group Limited (IAG)
- Stockland (SGP)
- Lihir Gold Limited (LGL)
- Qantas Airways Limited (QAN)
- Oxiana Limited (OXR)
- Sims Group Limited (SGM)
- AGL Energy Limited (AGK)
- OneSteel Limited (OST)
- Transurban Group (TCL)
- Oil Search Limited (OSH)
- Coca-Cola Amatil Limited (CCL)
- Crown (CWN)
- Alumina (AWC)
- ASX (Australian Securities Exchange)
- Macquarie Infrastructure Group (MIG)
- Telecom Corporation of New Zealand (TEL)
- Computershare Limited (CPU)
- Aneka Tambang (Persero) TBK (ATM)
- Tabcorp Holdings (TAH)