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MIN - Morgan Stanley rates the stock as Overweight
BY BROKER NEWS - 12/12/2017 | VIEW MORE BROKER UPDATES

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MIN - MINERAL RESOURCES LIMITED


AWE ((AWE)) has indicated Mineral Resources has launched an all-scrip offer, valuing the stock at $484m, a 10% premium to Friday's close. Morgan Stanley notes the market reaction is clear, with market capitalisation losing -$274m or -57% of the offer for AWE equity.

Morgan Stanley observes, although AWE's undeveloped gas assets are not close to Wodgina, there could be opportunities to swap assets with other northern gas producers. Given WA is currently long gas, the timing of the bid appears to the broker to be a combination of opportunistic and strategic intentions.

Overweight. Target is reduced to $20.30 from $22.30. Industry view is Attractive.

Sector: Materials.

Target price is $20.30.Current Price is $16.39. Difference: $3.91 - (brackets indicate current price is over target). If MIN meets the Morgan Stanley target it will return approximately 19% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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