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)
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