.222890 hardman shares, page-26

re: sailorgirl to hooter abitrage play bloomberg Gees Sailor Girl I thought you may have gone down with the ship in tha Hamo series .

Hoot still holding 100000 hdrizz warrants with my get out of jail free pass attatched.


http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=HDR:AU&sid=aYUwoM0kMHtk

HDR:AU
Hardman Resources Ltd
Arbitrage Profit in Asian Takeovers Pending on Sept. 29

By David Pierson

Sept. 29 (Bloomberg) -- The following table shows the potential arbitrage profit in pending takeover bids for Asian companies. Calculations are based on today's closing share prices for the target company and the acquirer, and don't reflect future dividend payments or trading costs.

Arbitrage profit is based on the difference between the per- share value of an offer and the target's stock price. The table consists of takeovers valued at more than $250 million. All figures are in the target company's currency.






Value Target Arb Profit
Target Per Last Per Share
Target Name Acquirer Name Ticker Share Price Actual as %
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PT Energi Mega PT Bumi Res. ENRG IJ 720.00 560.00 160.00 28.6
Equitable PCI Bank SM Investments EPCI PM 92.00 75.50 16.50 21.9
Smorgon Steel OneSteel Ltd. SSX AU 1.94 1.67 0.28 16.8
LG Card Co. Shinhan Finl. 032710 KS 68410 60000 8410 14.0
Adsteam Marine A.P. Moeller ADZ AU 2.54 2.28 0.26 11.4
S8 Ltd MFS Ltd SEL AU 4.67 4.21 0.46 10.9
Malakoff Bhd. MMC Corp. MAL MK 10.35 9.70 0.65 6.7
Hardman Resources Tullow Oil Plc HDR AU 2.11 2.03 0.08 4.1
GasNet Australian Pipe. GAS AU 3.10 3.00 0.10 3.3
I-Flex Solutions Oracle Corp. IFLEX IN 1475.00 1431.35 43.65 3.0
Villa World Ltd. MFS Diversified MFT AU 1.80 1.75 0.04 2.6
OYL Industries Daikin Indus OYL MK 5.73 5.60 0.13 2.3
DCA Group Ltd. Investment Group DVC AU 3.50 3.43 0.07 2.0
China Natl Aviat. Air China Ltd. 1110 HK 2.80 2.75 0.05 1.8
GES Intl Ltd. Venture Corp. GES SP 1.25 1.23 0.02 1.6
Premier Image Hon Hai Prec. 2394 TT 59.12 58.60 0.52 0.9
Shanghai Port Shanghai Intl 600018 CH 16.50 16.37 0.13 0.8
Epitech Technology Epistar Corp 3214 TT 35.71 35.50 0.21 0.6
Burns Philp & Co. Rank Group BPC AU 1.10 1.10 0.01 0.5
Oamps Limited Wesfarmers Ltd OMP AU 4.50 4.49 0.01 0.2
Excel Coal Ltd. Peabody Energ EXL AU 9.50 9.50 0.00 0.0
Quanta Display AU Optronics 3012 TT 13.56 13.60 -0.04 -0.3
China Paradise Gome Electrical 503 HK 2.10 2.11 -0.01 -0.6
Coles Myer Ltd Kohlberg Kravis CML AU 14.50 14.69 -0.19 -1.3
Mayne Pharma Ltd. Hospira Inc. MYP AU 4.10 4.25 -0.15 -3.5
Australian Gas Alinta Ltd. AGL AU 19.98 21.40 -1.42 -6.6
Torch Automobile Weichai Power 000549 CH 4.99 5.42 -0.43 -8.0
Vision Systems Ventana Medical VSL AU 2.13 3.06 -0.93 -30.4
MFS Technology Multi-Fineline MFS SP 0.54 0.99 -0.44 -44.7
Associated Cement Ambuja Cement ACC IN 370.00 978.65 -608.65 -62.2
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