from todays melbourne herald sun, page-7

Will be interesting to see whether the market receives any updates while this process is going on.

They could do with releasing as much information as possible, in an effort to soothe investors nerves with so much bad press around and so many rumours.

I do think they will go ahead with the Stella majority sale and will trade again in the next couple of weeks. The opening price will entirely dependent on how much the party in question pays for the shareholding (i.e. if they pay a fair price in the event of there being more than one interested party or get it on the cheap) We can then all get our calculators out and decide what the company is really worth!

Interesting to see people like Shaw Stockbroking saying 'it should provide some thought that there is still value there'. Don't know if they have a vested interest?


' Shaw Stockbroking analyst Brent Mitchell said there were no major surprises in the announcement, with the disclosure showing the majority of the debts are longer-term, maturing post-2011.

"The outlining of debt is slightly above what we'd previously thought, but not significantly," Mitchell said.

"It should provide some thought that there is some value left."

Private equity firm CVC Asia Pacific, which was in talks to buy the Stella business last year, has been tipped as a likely suitor.

"We believe Stella is a good business so it's not surprising it's attracted a number of offers," Shaw Stockbroking's Mitchell said.'