NZX Takeover Targets for 2020

[JohnnyTheHorse]

Which companies do people predict we'll loose from the NZX in 2020?

MET - Takeover in progress. Possibility of competing offers coming out of the woodwork in Jan
SKO - Booking Holdings may look to acquire

[Sgt Pepper]

Tower Insurance. : I recall it was almost acquired several years ago. If it is shareholders may be happy getting $1.00 for their 78c stock. Which is a shame as Tower is doing fine

BLIS on a projectory of growth and profits. with exciting and unique probiotic pipeline.

[trader_jackson]

TWR - been a few years since the last one (early 2017 at $1.40), EPS rebounding nicely and probably around 5.5 cents in FY21, putting TWR on a current PE of just 13. Even at that price of $1.40, PE would be just under 26 - not unreasonable for a takeover offer (possibly even a bit on the cheap side? especially in a market where the average PE is well above 20)

[mfd]

MPG could be a tempting target while their SP languishes and they try to pay down their debt. Perhaps Fletcher could have another go at STU and get it for significantly cheaper than they wanted to pay a year or two ago.

There is also a chance of MCK and/or CDI being taken over by their parent company, as there has been a little action in other parts of the empire.

[Marilyn Munroe]

Perhaps Fletcher could have another go at STU and get it for significantly cheaper than they wanted to pay a year or two ago.


For Fletchers to succeed they would have to convince the Commerce Commission they were not creating a dominant position in the merchant steel market.

Boop boop de do
Marilyn

[Leemsip]

Id take $1.20 for twr takeover offer.

[CD_CHCH]

MPG could be a tempting target while their SP languishes and they try to pay down their debt. Perhaps Fletcher could have another go at STU and get it for significantly cheaper than they wanted to pay a year or two ago.



I hope not - these two were both part of my picks for the 2020 share picking competition

[Scrunch]

Another possibility is MMH - They have an odd structure that may be sorted by a takeover.

Marsden Maritime owns about 180 ha of land around Northport (I'm not sure if the 180ha includes current port land). They also have a half-share of Northport. The other half is owned by Port of Tauranga. The government has basically told Northport, ports of Auckland and Port of Tauranga to come up with a solution to reduce bulk cargo to the Auckland CBD site.

The share register is however locked up with Northland regional council owning 53.6% and Ports of Auckland owning 19.9%.

[kiora]

TGG one for the traders?
https://stocknessmonster.com/charts/tgg.nzx/

[Cadalac123]

Guidance looking worse for next year? what made you suggest that? curious