Hints and tips:
...Anterra, a spinout of Rabo Ventures, is backed by Rabobank and Moonray, part of Fidelity Worldwide....
...To that end, Rabo has assembled two indices as the basic building blocks of its new approach....
...As we note in this week’s Rabo Rate Directions, however, there are numerous “flashpoints” looming as regards a resurgence of “risk off”; not least of which is the possibly rapid realisation Greece’s debt...
...Philip Marey, of Rabo-bank, said the decision appeared more about boosting confidence than about stimulating the economy....
...But even Rabo’s offering might be skewed....
...Rabobank’s indices, Rabo Fastracks Asia Pacific Top 20 and Global ex-Asia Top 20, include companies such as K&S, Lindsay Corp, Nufarm and China Yurun Food group....
...However, Mark van der Geest, analyst at Rabo Securities, warned: “This is a complex deal with high execution risks. Pay above 600p and this is no longer a good deal.”...
...Heineken rose 2.7 per cent to €41.27 after Rabo Bank said it was increasingly confident about profits growth at the Dutch brewer and upgraded its recommendation from “hold” to “buy”....
...State Bank of India bought Bank Indomex, for example, while Rabo Bank bought Bank Haga and Bank Hagakita, both controlled by the owners of the cigarette manufacturer Djarum....
...“Investors tend not to forgive companies that overpay,” said Hans Slob, an analyst at Rabo Securities....
...The shares were downgraded yesterday from “buy” to “hold” by Rabo Securities....
...Rabo Securities lowered Getronics to “hold” from “buy”. The broker’s Hans Slob suggested the only long-term solution was a sale or merger of the company....
...Goldman Sachs and Lehman Brothers are global co-ordinators and joint bookrunners for the offer, while Fortis Bank, Kempen & Co and Rabo Securities will be co-lead managers....
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