saturdays afr article..., page-10

TP Note: LOL ok silly me I just glanced over it and can assume not the entire article as it has to do with Westpac & St. George, not Centro - but here is the Table:-
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Source: The Weekend Australian Financial Review - Perspective [Page 21]
May 17-18, 2008

Takeover candidates
Companies that are looking cheaper (assuming 8.5% pre-tax cost of debt)
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Company: Allco Finance Group
Industry: Diversified Financials
Shares (millions): 368
Market cap ($m) (1): 156
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 13
FY09e pretax earnings after interest costs (4m) (3): 150
Takeover premium payable (%) (4)=(3)/(2)-1: 1028
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Company: Centro Properties Group
Industry: Real Estate
Shares (millions): 845
Market cap ($m) (1): 401
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 34
FY09e pretax earnings after interest costs (4m) (3): 328
Takeover premium payable (%) (4)=(3)/(2)-1: 860
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Company: Challenger FSG
Industry: Diversified Financials
Shares (millions): 615
Market cap ($m) (1): 1280
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 109
FY09e pretax earnings after interest costs (4m) (3): 330
Takeover premium payable (%) (4)=(3)/(2)-1: 203
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Company: Babcock & Brown
Industry: Diversified Financials
Shares (millions): 370
Market cap ($m) (1): 4753
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 404
FY09e pretax earnings after interest costs (4m) (3): 1106
Takeover premium payable (%) (4)=(3)/(2)-1: 174
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Company: Oxiana
Industry: Materials
Shares (millions): 1549
Market cap ($m) (1): 4865
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 414
FY09e pretax earnings after interest costs (4m) (3): 1066
Takeover premium payable (%) (4)=(3)/(2)-1: 158
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Company: Qantas Airways
Industry: Transport
Shares (millions): 1790
Market cap ($m) (1): 6390
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 543
FY09e pretax earnings after interest costs (4m) (3): 1360
Takeover premium payable (%) (4)=(3)/(2)-1: 150
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Company: ABC Learning Centres
Industry: Consumer services
Shares (millions): 475
Market cap ($m) (1): 679
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 58
FY09e pretax earnings after interest costs (4m) (3): 129
Takeover premium payable (%) (4)=(3)/(2)-1: 124
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Company: Caltex Australia
Industry: Energy
Shares (millions): 270
Market cap ($m) (1): 3588
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 305
FY09e pretax earnings after interest costs (4m) (3): 569
Takeover premium payable (%) (4)=(3)/(2)-1: 87
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Company: Suncorp
Industry: Insurance
Shares (millions): 957
Market cap ($m) (1): 12488
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 1061
FY09e pretax earnings after interest costs (4m) (3): 1958
Takeover premium payable (%) (4)=(3)/(2)-1: 84
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Company: Valad Property Group
Industry: Real Estate
Shares (millions): 1524
Market cap ($m) (1): 1204
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 102
FY09e pretax earnings after interest costs (4m) (3): 189
Takeover premium payable (%) (4)=(3)/(2)-1: 84
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Company: ANZ
Industry: Banks
Shares (millions): 1954
Market cap ($m) (1): 39967
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 3397
FY09e pretax earnings after interest costs (4m) (3): 6083
Takeover premium payable (%) (4)=(3)/(2)-1: 79
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Company: WorleyParsons
Industry: Energy
Shares (millions): 121
Market cap ($m) (1): 4278
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 364
FY09e pretax earnings after interest costs (4m) (3): 642
Takeover premium payable (%) (4)=(3)/(2)-1: 77
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Company: Macquarie Group
Industry: Diversified Financials
Shares (millions): 274
Market cap ($m) (1): 15158
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 1288
FY09e pretax earnings after interest costs (4m) (3): 2248
Takeover premium payable (%) (4)=(3)/(2)-1: 74
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Company: St George Bank
Industry: Banks
Shares (millions): 534
Market cap ($m) (1): 12993
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 1104
FY09e pretax earnings after interest costs (4m) (3): 1925
Takeover premium payable (%) (4)=(3)/(2)-1: 74
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Company: National Australia Bank
Industry: Banks
Shares (millions): 1619
Market cap ($m) (1): 46814
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 3979
FY09e pretax earnings after interest costs (4m) (3): 6831
Takeover premium payable (%) (4)=(3)/(2)-1: 72
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Company: Westpac
Industry: Banks
Shares (millions): 1824
Market cap ($m) (1): 41190
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 3501
FY09e pretax earnings after interest costs (4m) (3): 5693
Takeover premium payable (%) (4)=(3)/(2)-1: 63
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Company: Tabcorp
Industry: Consumer services
Shares (millions): 525
Market cap ($m) (1): 5532
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 470
FY09e pretax earnings after interest costs (4m) (3): 749
Takeover premium payable (%) (4)=(3)/(2)-1: 59
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Company: Goodman Fielder
Industry: Food, beverage & tobacco
Shares (millions): 1325
Market cap ($m) (1): 2286
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 194
FY09e pretax earnings after interest costs (4m) (3): 309
Takeover premium payable (%) (4)=(3)/(2)-1: 59
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Company: QBE Insurance
Industry: Insurance
Shares (millions): 895
Market cap ($m) (1): 20429
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 1736
FY09e pretax earnings after interest costs (4m) (3): 2755
Takeover premium payable (%) (4)=(3)/(2)-1: 59
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Company: Harvey Norman
Industry: Retailing
Shares (millions): 1063
Market cap ($m) (1): 3954
Pretax funding cost of equity ($m) (2)=(1) *8.5%: 336
FY09e pretax earnings after interest costs (4m) (3): 517
Takeover premium payable (%) (4)=(3)/(2)-1: 54
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Ends.

Cheers, Pie :-)