It was tumbleweeds blowing through Chifley Tower in Sydney and Melbourne’s 101 Collins Street at the weekend, as Australian companies and their investors focus on earnings results and suck the life out of the deals market.
The highlight of reporting season to date, as far as deals is concerned, was Newcrest’s rejection at Newmont Corporation and SRG Global’s acquisition and raising last week. Even the lithium deals seem to have dried up.
Star wouldn’t comment on its prospects of a raising however it looks like there’s one baked into its share price. The question is whether it’s a massive reset or a little short-term confidence booster, if you believe the share price.
As reporting season sucks the wind out of the deals market, the one thing that bankers and hedge funds want to talk about is The Star Entertainment Group.
Sureway Employment and Training, which matches jobseekers in government programs with employment opportunities, has bought Melbourne-based psychology practice Kylie Wainwright and Associates.
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