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ASX up 1% to new seven-month high, banks and healthcare surging – The Sydney Morning Herald
The S&P/ASX200 is comfortably over the 6200 barrier, up 1 per cent in early afternoon trading. Banks, healthcare, and materials lead.
Bell Potter analyst Chris Savage released a note to clients on Friday saying the higher acquisition costs will lead to higher interest charges in coming years, which will weigh on earnings per share. Uniti shares are worth $1.70 if it does buy OptiComm, or $1.60 if it cannot, he concludes.
We appreciate, however, that uncertainty is weighing on the share price as well as the risk that Aware may increase its bid again and Uniti may follow suit, Mr Savage notes.
We do believe, however, that Unit…
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