APM's Treatment of Takeover Proposal Perplexes Bell Potter -- Market Talk

Like
Comment
Favorite

APM's Treatment of Takeover Proposal Perplexes Bell Potter -- Market Talk

Dow Jones04-19

0219 GMT - APM Human Services' decision to consider a takeover proposal that is worth less than the one it rejected two months ago leaves Bell Potter analyst Marcus Barnard asking questions. He notes that APM's decision to consider a A$1.40/share proposal from Madison Dearborn Partners comes after it turned down a A$1.60/share private-equity proposal in February, and wonders whether APM is hoping to persuade its new suitor, or someone else, to pay more. Barnard asks how the fundamental value of the business could have changed so much even with APM having issued another profit warning in the interim. Bell Potter keeps a buy rating on the stock, but cuts its target price by 27% to A$1.40. Shares are flat at A$1.175. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 18, 2024 22:19 ET (02:19 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2428572698?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-19 10:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2428572698","market":"hk","top_or_hot":-1,"title":"APM's Treatment of Takeover Proposal Perplexes Bell Potter -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0219 GMT - APM Human Services' decision to consider a takeover proposal that is worth less than the one it rejected two months ago leaves Bell Potter analyst Marcus Barnard asking questions. He notes that APM's decision to consider a A$1.40/share proposal from Madison Dearborn Partners comes after it turned down a A$1.60/share private-equity proposal in February, and wonders whether APM is hoping to persuade its new suitor, or someone else, to pay more. Barnard asks how the fundamental value of the business could have changed so much even with APM having issued another profit warning in the interim. Bell Potter keeps a buy rating on the stock, but cuts its target price by 27% to A$1.40. Shares are flat at A$1.175. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 18, 2024 22:19 ET (02:19 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>APM's Treatment of Takeover Proposal Perplexes Bell Potter -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAPM's Treatment of Takeover Proposal Perplexes Bell Potter -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-19 10:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0219 GMT - APM Human Services' decision to consider a takeover proposal that is worth less than the one it rejected two months ago leaves Bell Potter analyst Marcus Barnard asking questions. He notes ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7057","symbol_name":"人力资源与就业服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2428572698","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428572698","pubTimestamp":1713493140,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0219 GMT - APM Human Services' decision to consider a takeover proposal that is worth less than the one it rejected two months ago leaves Bell Potter analyst Marcus Barnard asking questions. He notes that APM's decision to consider a A$1.40/share proposal from Madison Dearborn Partners comes after it turned down a A$1.60/share private-equity proposal in February, and wonders whether APM is hoping to persuade its new suitor, or someone else, to pay more. Barnard asks how the fundamental value of the business could have changed so much even with APM having issued another profit warning in the interim. Bell Potter keeps a buy rating on the stock, but cuts its target price by 27% to A$1.40. Shares are flat at A$1.175. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7057":"人力资源与就业服务","APM":"知临集团","BK4139":"生物科技","APM.AU":"APM Human Services International Pty"},"translate_title":"APM对收购提议的处理困扰贝尔波特——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APM":1,"APM.AU":0.9},"content_text":"0219 GMT - APM Human Services' decision to consider a takeover proposal that is worth less than the one it rejected two months ago leaves Bell Potter analyst Marcus Barnard asking questions. He notes that APM's decision to consider a A$1.40/share proposal from Madison Dearborn Partners comes after it turned down a A$1.60/share private-equity proposal in February, and wonders whether APM is hoping to persuade its new suitor, or someone else, to pay more. Barnard asks how the fundamental value of the business could have changed so much even with APM having issued another profit warning in the interim. Bell Potter keeps a buy rating on the stock, but cuts its target price by 27% to A$1.40. Shares are flat at A$1.175. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 18, 2024 22:19 ET (02:19 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}