Summary: A huge gas discovery in Western Australia is a positive for AWE, newsletters say. Premier Investments is also in favour after reporting double-digit earnings growth and offering an update on its UK expansion. But newsletters are wary on Arrium after institutional shareholders chose not to subscribe to their full entitlements in the group’s capital raising, while Macquarie Group’s upgrade to full-year earnings met with a mixed reaction. They were also disappointed that two private equity groups have walked away from a full takeover of SAI Global.
Key take-out: Newsletters are upbeat on AWE, saying its recent gas discovery has amazing potential. The company is also involved in other compelling projects, newsletters say.
Key beneficiaries: General investors. Category: Shares.