MBL macquarie bank limited

promina take-over talk

  1. 2,020 Posts.
    From PMN forum.

    MARKET TALK: PMN Hits Record High; Takeover Potential 11/05/06 15:19:00

    1519 [Dow Jones] Promina (PMN.AU) up 2.1% at A$5.88, hits record high of
    A$5.93 on average volume, outperforming other insurers. One trader says
    Macquarie might turn its sights to Promina (PMN.AU) after missing out on Patrick
    (PRK.AU). But head trader at European broker says it's on a low PER, but "people
    are just shooting the dark". Expect rise to technical target at A$6.10. Support
    A$5.80. (DWR)

    Contact us in Sydney. 61 2 8235 2950;
    [email protected]

    (END) Dow Jones Newswires
    11-05-06 0519GMT
    Copyright (c) 2006 Dow Jones & Company, Inc.(AP-DJ-05-11-06 0519GMT)
 
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