Premier Investments Ltd

Type: Company
Name: Premier Investments Ltd
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

Season of the what, why and which

The annual company reporting season is upon us. Time to kick the tyres and look under the bonnet of your share portfolio to see if your investments are good to go or due for replacement.Judging by prices alone, Australian shares are in good shape after ... [Published Sydney Morning Herald - Jul 24 2014]
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

Myer makes sense for Lew: analysts

(The Australian Financial Review - ABIX via COMTEX News Network) -- An email presented in the Federal Court of Australia has revealed that Solomon Lew proposed to form a 50-50 joint venture with South African retailer Woolworths to take over David Jones. ... [Published PredictWallStreet - Jul 24 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

DJs' Cairns warns Woolies to keep an eye on Lew's next move

(The Australian Financial Review - ABIX via COMTEX) --Retailing sector entrepreneur Solomon Lew stands to gain $A190m from a side-deal struck with South Africa's Woolworths on his 11.8% stake in Country Road. Woolworths will then be able to take over ... [Published TradingCharts.com - Jul 23 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 1 reports

David Jones Takeover Gets Nod From Feds

The regulatory green light follows approval by DJ's shareholders of the $2.2 billion Woolworths takeover deal earlier this week, worth $4 per share, by an overwhelming majority.The Federal Court yesterday made orders approving the scheme of arrangement ... [Published Channel News Australia - Jul 18 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 1 reports

How you can generate income and growth with these 3 stocks

The ‘chase for yield’ by investors looking to escape the low interest rate environment of bank deposits has unfortunately led many investors into a dangerous place.It could be described as investing with blinkers on!Just as blinkers are sometimes put ... [Published Motley Fool - Jul 18 2014]
First reported Jul 16 2014 - Updated Jul 16 2014 - 1 reports

DataRoom AM: Medibank rush

The government’s privatisation plans continue to gather pace as the float timetable for Medibank Private moves forward and decisions near on scoping studies for four other government assets.Elsewhere, 21st Century Fox chases a takeover that would make ... [Published Business Spectator - Jul 16 2014]
First reported Jul 07 2014 - Updated Jul 07 2014 - 1 reports

David Jones campaigns to rally shareholder support for Woolworths' takeover bid (ABC)

, 10:40 amDavid Jones is trying to rally support from shareholders to get the South African retailer Woolworths' takeover bid over the line.DJs has taken out large advertisements in major newspapers to encourage shareholders to vote yes on the $2.2 billion ... [Published Yahoo! News Australia - Jul 07 2014]
First reported Jun 30 2014 - Updated Jun 30 2014 - 1 reports

Lew looms as a hurdle in DJs takeover

Solomon Lew has bought a near 10% stake in David Jones. Source: AAPRETAIL billionaire Solomon Lew is playing a high stakes game of poker against David Jones' South African suitor, and his next move has everyone guessing.THE veteran retailer has bolstered ... [Published Tasmania Mercury - Jun 30 2014]
First reported Jun 26 2014 - Updated Jun 26 2014 - 2 reports

SOLOMON LEW: Not a jolly CEO

SOLOMON Lew protects his privacy. Others protect it for him, too, as emerged in an interview two years ago. After discussing his retailing business Premier Investments, the focus shifted to another topic then in the news — his legal battle against the ... [Published Financial Mail - Jun 26 2014]
First reported Jun 24 2014 - Updated Jun 25 2014 - 7 reports

Billionaire's 17-year showdown with Woolworths ends with a healthy profit

SYDNEY: Australian billionaire Solomon Lew effectively ended a 17-year standoff with South Africa’s Woolworths Holdings Ltd with a deal that will have the department store firm buy him out of two investments at a massive profit.With a A$200mil (US$188mil) ... [Published thestar.com.my - Jun 25 2014]
First reported Jun 22 2014 - Updated Jun 23 2014 - 2 reports

Solomon Lew suspected of spoiler stake in David Jones

Large investors in takeover target David Jones have been tapped on the shoulder to lend out their securities to an unknown borrower, heightening speculation rag-trader billionaire Solomon Lew is stepping up efforts to build a blocking stake to derail ... [Published Brisbane Times - Jun 22 2014]
First reported Jun 21 2014 - Updated Jun 21 2014 - 1 reports

Commonwealth Bank Increases Premier Investments Limited Price Target to $9.60 (PMV)

Commonwealth Bank lifted their price target on shares of Premier Investments Limited (ASX:PMV)Shares of Premier Investments Limited (ASX:PMV) traded down 2.41% during mid-day trading on Friday, hitting A$8.510. The stock had a trading volume of 465,122 ... [Published American Banking News - Stock Ratings - Jun 21 2014]

Quotes

"Any further large raising of capital will probably be with a large acquisition, and I do not foresee anything like that in the near future for Woolies — they now need to digest the full acquisition of Country Road and the significant acquisition of David Jones" Mr Verster said
"The company's expertise, Europe-wide reach and agile approach were key factors in choosing them as our preferred UK supplier, along with rapid response, delivery capability and provision of a dedicated team" he added
"We have put forward a full and fair offer for Country Road, and also for David Jones" Woolworths CEO Ian Moir said. "This means (Woolworths) will not increase the offer price."
...mystery and it looks like he is playing his cards close to his chest at the moment," CMC Markets chief market strategist Michael McCarthy said. "Once any single shareholder goes above 90 per cent they can compulsorily acquire the outstanding shares. "So if Mr Lew does go over 10 per cent then it'll be clear he wants to block Woolworths' takeover." Mr Lew's privately owned Australian Retail Investments holds his 9.89 per cent David Jones stake, after purchases made since May 9. He could use his other company, the publicly listed Premier Investments, to buy more shares, analysts said. Mr Lew may also want Woolworths, the majority owner of Country Road, to buy his 12 per cent stake in the clothing retailer, and a blocking vote in the David Jones takeover could force their hand, Mr McCarthy said. "It's not impossible that Mr Lew is forcing a negotiation and it's not impossible that we'll see both of those shareholder situations resolved in a single deal," he said. Mr Lew could also use his David Jones stake as leverage to protect his interests as a major supplier to David Jones, IG Markets strategist Evan Lucas said. His company Premier Investments owns popular clothing brands including Portmans, Jacqui E, Peter Alexander and Smiggle. "Premier Investments is looking for new deals with David Jones and this may be another way of getting involved and getting a very big say at the table with Woolworths," Mr Lucas said. "Either way, Solomon Lew is an X-factor guy. "He can do all sorts of weird and wonderful things and has a track record of reaching an outcome that's of benefit to him." Originally published as Lew looms as a hurdle in DJs takeover"

More Content

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Woolworths’ feud with Lew appears over [Published BDlive - Jul 28 2014]
Season of the what, why and which [Published Sydney Morning Herald - Jul 24 2014]
Myer makes sense for Lew: analysts [Published PredictWallStreet - Jul 24 2014]
DJs' Cairns warns Woolies to keep an eye on Lew... [Published TradingCharts.com - Jul 23 2014]
Country Road paved with gold for Lew [Published Brisbane Courier-Mail - Jul 21 2014]
How you can generate income and growth with the... [Published Motley Fool - Jul 18 2014]
David Jones Takeover Gets Nod From Feds [Published Channel News Australia - Jul 18 2014]
Bye-bye David Jones Limited: Takeover approved [Published Motley Fool - Jul 17 2014]
DataRoom AM: Medibank rush [Published Business Spectator - Jul 16 2014]
The offer DJs shareholders couldn't refuse [Published Business Spectator - Jul 14 2014]
2 undervalued stocks to boost your wealth [Published Motley Fool - Jul 13 2014]
Is this business the retail sector’s biggest ba... [Published Motley Fool - Jul 12 2014]
Australian stationer Smiggle opts for Hughes Eu... [Published Essential Retail - Jul 09 2014]
Rich 200 member Solomon Lew outmanoeuvres South... [Published BRW - Jul 07 2014]
David Jones campaigns to rally shareholder supp... [Published Yahoo! News Australia - Jul 07 2014]
Woolworths will not raise David Jones offer [Published BDlive - Jul 01 2014]
Lew looms as a hurdle in DJs takeover [Published Tasmania Mercury - Jun 30 2014]
Gerry Harvey worth $1.55 billion, is Australia’... [Published Appliance Retailer - Jun 26 2014]
SOLOMON LEW: Not a jolly CEO [Published Financial Mail - Jun 26 2014]
WOOLWORTHS/DAVID JONES: Check mate? [Published Financial Mail - Jun 26 2014]
3 beaten-down stocks Credit Suisse says are buy... [Published Motley Fool - Jun 26 2014]
3 big dividend stocks at bargain prices [Published Motley Fool - Jun 26 2014]
Woolworths offers R4bn carrot for David Jones [Published BDlive - Jun 25 2014]
Billionaire's 17-year showdown with Woolworths ... [Published thestar.com.my - Jun 25 2014]
$200m peace offer for Lew [Published TradingCharts.com - Jun 24 2014]
Lew looks set for $200m win [Published Brisbane Times - Jun 24 2014]
Markets Live: Banks sink shares [Published Canberra Times - Jun 24 2014]
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UPDATE 2-Australian billionaire's gambit pays o... [Published CNBC - Jun 24 2014]
Woolworths To Buy Lew's Country Road Share [Published Channel News Australia - Jun 24 2014]
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