Do you think he should put his own name in his''''never again list'''' ?
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The Australian
ANZ Bank’s UDC Finance operation remains in the crosshairs of suitors, with Heartland Bank and two parties out of Asia in pursuit of the operation, according to sources, after an earlier deal to sell the business to China’s HNA collapsed.
Jeff probably resigned to paying more than he really wants to after being ‘outbid’ last time
In spite of Mr Lee speculates they could get for $600m and change
I think they're just better off continuing their pretty strong organic growth. Looks like a competitive process with two possible other suitors plus the option of floating it.
I wonder about the IPO option. Given the amount of funding required - ANZ has $2b advanced, supposedly - and in the absence of a strong "parent", it's difficult to see an IPO'd UDC with a sufficiently high credit rating to attract the funding required. Anyone care to postulate a scenario?
After the double top fail on 9/1 and breakdown of the steep rising trend line Oct-Jan, this with indicators pointing down and room to follow through, suggests an imminent test of the 50EMA currently 2.02 and possibly minor supports at 1.98-2.00 and solid technical support at 1.86.