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Suncorp-Metway (SUN) Shares Recommendation

Suncorp-Metway (SUN) have a Neutral 2 Shares recommendation and a $22 share price target from stock analyst UBS. The share price target for SUN is based on a sum of the parts methodology and UBS estimate that SUN is trading on a 12.7x FY08E PE. PMN have released the merger scheme booklet ...

Recommendations - Craig Strzelecki - 14/11/2007 - 16:26 - 0 comments - 0 attachments

Suncorp-Metway (SUN) Update

Suncorp-Metway (SUN) has a Neutral 2 rating and a price target of $23.20 per share from ... Federal Court approval for the merger scheme, the SUN/PMN merger today satisfied all requirements to proceed. The merged group will begin trading on 20 March. SUN also released the prospectus for the $1.17b entitlements issue. There are ...

Recommendations - Craig Strzelecki - 14/11/2007 - 12:22 - 0 comments - 0 attachments

Suncorp-Metway (SUN) Stocks Recommendation

Suncorp-Metway (SUN) have an unchanged Neutral 2 shares recommendation and a steady price ... Vero NZ) & an external candidate (Smith: IT). Five SUN executives were retained (Foster: retail bank; McDonald: business banking; ... was a redistribution of responsibilities. PMN's West & SUN's Eilert have decided to leave new group. Today's broad restructure ...

Recommendations - Craig Strzelecki - 14/11/2007 - 11:01 - 0 comments - 0 attachments

Suncorp-Metway (SUN) Stock Recommendation

Suncorp-Metway (SUN) has a Neutral 2 recommendation and a share price target of $22 from ... stock analyst UBS. UBS has calculated their valuation for SUN via a sum of parts approach including an EVA/DCF methodology for the ... completion. The deal terms are unchanged at 0.2618 SUN shares + $1.80 cash for each PMN share, valuing PMN at $7.41 on today's ...

Recommendations - Craig Strzelecki - 22/11/2007 - 06:49 - 0 comments - 0 attachments

Suncorp (SUN) and Promina (PMN) Shares Recommendation

Suncorp (SUN) and Promina (PMN) both have a retained Hold/Medium Risk shares ... on the Australian Stock Exchange (ASX) under stock codes SUN and PMN respectively . You can view their investor website for Suncorp ... Mulcahy is the CEO of Suncorp and John Story the Chairman. SUN was listed on the ASX on 7 July, 1988. Sun is involved in the provision of ...

Recommendations - Craig Strzelecki - 14/11/2007 - 16:28 - 0 comments - 0 attachments

Suncorp Metway (SUN) Shares Tip

Suncorp Metway (SUN) has a Neutral 2 Shares recommendation and a share price target of $22 from ... released a Statement of Issues in relation to the proposed SUN/PMN merger. They view the release as a modest statement with no issues ... and 3) barriers to expansion in motor. UBS estimates that SUN is trading on a 12.8x FY08E PE. Meanwhile, another stock analyst, Citigroup ...

Recommendations - Craig Strzelecki - 14/11/2007 - 16:52 - 0 comments - 0 attachments

Suncorp-Metway (SUN) Share Trading Recommendation

Suncorp-Metway (SUN) has a Neutral 2 shares recommendation and a price target of $23.20 from ... will trade on an ex-entitlement basis tomorrow (ASX code SUN). Shares issued to PMN shareholders under the scheme will also commence ... valuation range of $22-$24 & remain neutral on SUN (Neutral 2, $23.20 PT). The analyst see post-completion risks to the upside ...

Recommendations - Craig Strzelecki - 14/11/2007 - 11:58 - 0 comments - 0 attachments

Suncorp-Metway (SUN) Shares Recommendation

Suncorp-Metway (SUN) has a Neutral 2 shares recommendation and a share price target of $22 from ... target is based on SOTP and EVA/DCF. UBS estimates that SUN is trading on a 12.8x FY08 PE and an 8 percent discount to GI and a 4 ... in early 2003 provides a good comparison to the proposed SUN/PMN merger. They find that anticipated PMN synergies are in line with those ...

Recommendations - Craig Strzelecki - 22/11/2007 - 05:33 - 0 comments - 0 attachments

Insurance Sector Update

... growth. PMN continues to outperform operationally. SUN 's mkt share is steady, but top line momentum is slowing. In motor: IAG ... claims costs. The analyst prefers QBE & IAG (B2) over SUN/PMN, AXA & AMP (N2) and holds a sector Neutral view. Order of ...

Recommendations - Craig Strzelecki - 14/11/2007 - 12:34 - 0 comments - 0 attachments

Quick Australian Stock Tips

... month share price target of $46.50. Suncorp-Metway (SUN) has been given a Neutral 2 (unchanged) rating by UBS with a share price ... Mines, LHG, Lihir Gold, Multiplex, MXG, RIO, Rio Tinto, SUN, Suncorp-Metway, Telstra, TLS, WBC, Westpac Banking Corporation) ...

Recommendations - Craig Strzelecki - 23/11/2007 - 03:46 - 0 comments - 0 attachments

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