BREAKFAST DEALS: Billabong bounce

Billabong nearly doubles its market capitalisation on news talks with suitors are advancing, while Sundance changes tack on Mbalam.

Billabong International had a good session yesterday on the back of news that its talks with refinanciers are progressing, despite reports that a lender has taken a haircut and bolted. Fellow long-term sufferer Sundance Resources is talking about splitting the Mbalam contract up to make deals smaller and easier to make. Elsewhere, Perpetual’s share price plunge has killed its lead on Equity Trustees, Commonwealth Bank has played a straight bat to speculation about its property holdings and Linc Energy was left a little bemused by the idea that it’s been speaking to BHP Billiton about Queensland coal.

Billabong International

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles