Hi Blokes, Over a week ago I found news article talking about the ASX market and noticed "Alinta" mentoning UEC and the amount of shares they own.
They say they will sell they shares..
Sharemarket to keep its bull run By ANTHONY BLACK 09 November 2003
THE Australian sharemarket has put on 22 per cent since mid-March, and the next year is shaping as one that will deliver bumper returns to investors, according to analysts.
The trick is choosing the right stocks. Sharemarket analysts have compiled a list of relatively low-risk stocks they believe will rise in an economic climate of higher interest rates, a stronger Australian dollar against a weaker US greenback and other currencies, and firm commodity prices consistent with a global recovery.
Richard Morrow, a director of E.L. & C. Baillieu, likes energy company Alinta. He notes Alinta has more than doubled its asset base since buying United Energy and Multinet.
"The Alinta board consists of hard-nosed managers and they will slice enormous costs out of these businesses," Mr Morrow said. "Alinta said it will sell $127 million of shares in junior telco Uecomm. The value of these shares on its books is zero. This is now worth a $1 per Alinta share."
Mr Morrow said Bendigo Bank was expecting to generate earnings growth of 20 per cent to 30 per cent a year for the next three years through its community bank strategy and other branch expansions.
"Compare that with the big banks growing at 10 per cent or slower," he said.
I dont own any, but just in case you did thought this might help.
