March
Billionaire Gerry Harvey takes major stake in PNG cement play Mayur
The Harvey Norman chairman now owns almost 7 per cent of the ASX-listed building materials hopeful, which raised $100 million last week.
December 2024
Stokes’ Seven misses out on BGC cement deal
Kerry Stokes’ Seven Group was the underbidder in the auction for the cement business owned by the late Len Buckeridge.
November 2024
One of the few remaining building groups on the ASX hits the gas
Maas Group was founded by former Rabbitohs player Wes Maas two decades ago. With three acquisitions in one day, it is turbocharging its expansion plans.
From one wheelbarrow and a ute to a $437m ASX listing
Symal Group founder Joe Bartolo started from humble beginnings in 2001 to build his construction group into a large enough player to float on the exchange this year.
October 2024
Irish giant CRH to buy CPE Capital-backed concrete infrastructure biz
Civilmart is the country’s No.2 manufacturer of concrete pipes and precast products, backed by John Haddock’s buyout firm CPE Capital.
Leading financial reformer Percy Allan dies aged 78
Allan worked under some of the most prominent political figures in NSW, including Labor premiers Neville Wran and Bob Carr, and as a key reformist under Liberal premier Nick Greiner.
September 2024
Investors in Vik Bansal’s biogas side hustle are up 85pc
The Boral CEO is also chairman of ASX-listed biogas group LGI, which has 32 waste landfill sites and supplies electricity into the grid when returns are highest.
Seven West Media stokes tension behind the scenes at Seven Group
The broadcasting and publishing empire accounts for just 0.6 per cent of the broader conglomerate’s total assets. It accounts for much more of its problems.
August 2024
Winners from profit season’s big Wednesday
All eyes were on CBA’s monster numbers, but Seven Group Holdings and AGL also delivered nice profit growth – and Pro Medicus impressed yet again.
July 2024
The ACCC’s new target | What makes an elite CEO | Earnings season predictions
This week on the Chanticleer podcast, Anthony and special guest companies editor Vesna Poljak look at the ACCC’s latest target, discuss what makes an elite CEO, and make some predictions on earnings season.
To back Vik Bansal, you have to buy into the Seven dream
Boral’s gone from the ASX, but not forgotten. It’s tucked up inside Seven Group’s portfolio and still one of Australia’s turnaround stories to watch.
June 2024
$11b swoop on ASX building giants leaves James Hardie the lone prize
The CSR, Boral and Adbri buyouts come at a low point in the construction cycle, with better times expected from mid-2025 once interest rate cuts arrive.
April 2024
Seven Group says talk of Cleanaway buyout ‘completely untrue’
Shares in Australia’s largest waste collection company surged 15.8 per cent, to a two-year-high, after reports that the conglomerate was contemplating a bid.
Building materials supplier Lutum goes into administration
The move by directors to try and salvage the Boral spinoff shows casualties in Australia’s precarious home-building sector have spread well beyond builders.
Seven’s Boral sweetener lets everyone claim victory
A new dividend and some peacemaking by Ryan Stokes has sealed Seven’s takeover of Boral.
Seven’s new Boral bid; Mercedes mortgage pain; $77m Toorak double deal
Read everything that’s happened in the news so far today.
Kerry Stokes’ Seven rains dividends to win over Boral
The independent directors of the cement group are now recommending shareholders accept the revamped $1.9 billion bid, with one-off dividends attached.
Why Paradice is backing Seven Group’s bid for Boral
Mid-cap investor Jovana Gagic says Kerry Stokes’ conglomerate has a good track record in buying controlling stakes, and reveals why she’s bullish on Orica and Pro Medicus.
Grant Samuel concedes it got Boral valuation wrong in win for Stokes
But the building materials group’s independent directors are still recommending shareholders reject a $1.9 billion takeover offer lobbed by Seven Group.
March 2024
Seven starts throwing haymakers to get Boral bid moving
An independent expert’s report is the tip of the iceberg in the battle for Boral. The fight is ramping up.