Alumina the top takeover tip in Were’s wish-list
Consolidation and merger and acquisition activity is alive and well in no less than nine market sectors, including resources and energy. Goldman Sachs JBWere said that expectations of slower revenue growth in 2005/06 would increase the incentive for corporates to “buy” earnings growth. Energy sector candidates for takeovers are Australian Wide Exploration, Oil Search, Roc Oil and Tap Oil. GSJBW’s resources sector tips are Alumina, Newcrest, Iluka, Macarthur Coal, Jubilee Mines, Lihir Gold, Pan Australian Resources, Bendigo Mining, Perseverance, Zinifex and Oxiana.