Monthly Archives: January 2017

Warrnambool Cheese & Butter Factory Co. Holdings Ltd Takeover bid from Saputo lifted the stock sentiment

Takeover bid from Saputo lifted the stock sentiment: Warrnambool Cheese & Butter Factory Co. Holdings Ltd (ASX: WCB) stock rallied over 24.8% on January 30, 2017 driven by the announcement about Saputo takeover offer. Saputo Dairy Australia intends to make a cash off-market takeover offer of $8.85 per WCB share. WCB formed Independent Board Committee (“IBC”) to review the takeover

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Two ASX stocks that rocketed – Warrnambool Cheese & Butter Factory Co. Holdings Ltd and Bellamy’s

Takeover bid from Saputo lifted the stock sentiment: Warrnambool Cheese & Butter Factory Co. Holdings Ltd (ASX: WCB) stock rallied over 24.8% on January 30, 2017 driven by the announcement about Saputo takeover offer. Saputo Dairy Australia intends to make a cash off-market takeover offer of $8.85 per WCB share. WCB formed Independent Board Committee (“IBC”) to review the takeover

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Spotless Group Holdings Ltd Legal shareholder class action against the group

Legal shareholder class action against the group: Spotless Group Holdings Ltd (ASX: SPO) fell over 5.1% on January 30, 2017 as the group announced about noting IMF Bentham Limited’s proposal to fund on a “conditional” basis claims of certain current and former shareholders against SPO. The group also stated that no proceedings have been served against it. SPO further stated

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Aconex Ltd Weak trading update dragged the stock lower

Weak trading update dragged the stock lower: Aconex Ltd (ASX: ACX) stock fell over 45.1% on January 30, 2017 due to their weak trading update. The group now expects a revenue growth of 30-34% for fiscal year of 2017 against their earlier update of 39-46% rise. This slip in estimates was mainly due to lower than expected first half of

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Two ASX stocks that slipped – Aconex Ltd and Spotless Group Holdings Ltd

Weak trading update dragged the stock lower: Aconex Ltd (ASX: ACX) stock fell over 45.1% on January 30, 2017 due to their weak trading update. The group now expects a revenue growth of 30-34% for fiscal year of 2017 against their earlier update of 39-46% rise. This slip in estimates was mainly due to lower than expected first half of

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