AUN 4.35% 11.0¢ aurumin limited

Good News for Austar

  1. 58,089 Posts.
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    Date 11/11/2002
    Author Jane Schulze
    Source The Australian -- Page: 29.
    Australian pay-TV operator Austar may be forced to sell assets to meet cash flow targets. According to broker CS First Boston (CFSB), this would be necessary if the planned Foxtel-Singtel Optus deal does not proceed. The Australian Competition & Consumer Commission is expected to announce its decision on the deal during the week ending 15 November 2002. CSFB sees the deal as having great potential upside for Austar, with net present value benefits of $A135m, or $A0.20 per share.
    Well the deal is approved - news just out.
    Volume in AUN is high today, now lets see if the CSFB estimate above proves correct.
    If AUN rises 20 cents that will be better than a 100% return on todays price.
    Dave R.

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