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1999

Insurance Valuation News

Float Guts Motorist Body

Monday December 13, 1999
The comprehensive restructure of the NRMA group ahead of its demutualisation and the float of NRMA Insurance Ltd next year has left the road service group a mere shell, owning only its travel advisory business, the Open Road magazine, NRMA Holdings and the staff super fund. In the past year, the

Dragon Is Prey: Bank On Merger

Sunday December 12, 1999
ST GEORGE Bank is shaping as the best consolation prize when the mother of all mergers between the big four Australian banks eventuates. Under the so-called ``four-pillars policy", the banks are banned from merging with each other, but they can tango with smaller banks or big insurance comp

Red Planet Probe <p>has A Wet Target

Saturday December 4, 1999
PICKING THE FIGURE Independent expert Grant Samuel & Associates has valued takeover target Metal Manufactures at $2.44 to $2.93 after Consolidated Electrical Distributors' fresh $2.10 tilt at the electrical merchandising group. The valuation is about 20pc above its $2.02 to $2.60 valuation d