Following last nights interview on late night business some might see that due to rising interest rates,larger spreads between junk bonds and govt bonds,a higher aussie$ against the US$ and basically a finacial markets credit adjustment, the availability of cheap money to fund any future PE plays may be somewhat reduced or come under more scrutiny, resulting in any purchase for the likes of COA may not be as clear cut as some might as once thought?
Given that COA have sought finance o/seas to help fund their bolt on acquisitions then surely any credit a adjustment by finacial mkts will be not welcomed news and this might put their financials under some pressure and might be in some part confirming the current downward direction of the share price
Expert panel discusses future market movement
Australian Broadcasting Corporation
Broadcast: 30/07/2007
Reporter: Ali Moore
Anton Tagliaferro from Investors Mutual and Gerard Minack from Morgan Stanley discuss future market movement.
COA
coates hire limited
