re: sabretoothed Do you believe brokers? If you do then maybe you should short BIL then I can watch you lose money twice lol
These guys upted it from another brokers $4.20 valuation, funny hey
If OXR is valued at 1.03 why bother buying it, its already at that price then? Are you after 3 cents?
Brambles Industries
Algeco FY03 results
[3 pages; Company update]
We see the release of LPR's results as confirming expectations of a relatively benign competitive environment for CHEP in Europe. With LPR expected to remain capital constrained for at least the next nine months, we see an increasing ability for CHEP to raise prices, particularly as LPR also moves to increase its prices. Price increases for CHEP effectively reduce the impact of falling asset turns and costs associated with converting the UK model from an exchange pool to a one-way trip model.
However, the single largest unknown for us remains the longer-term ownership of LPR, an issue that we hope will be commented on by Algeco management during the company's overnight briefing.
At current prices, Brambles is trading at a 15.9% and 18.6% premium to the All Industrials for FY04 and FY05, respectively. Our composite value per share is at $4.63, and at $4.42 using our preferred 10% premium to the All Industrials (ex BIPS).
OXR
oxiana limited
