Aurizon shares falter on global coal outlook
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A gulf has opened up between Aurizon and the broader sharemarket as the rail haulage groupâs investors become more pessimistic about future demand for Australian coal because of more countries slashing carbon emissions.
Aurizonâs shares, which have slid 30 per cent over the past 12 months to trade at $3.73, are now trading at their biggest gap to the broader Australian market since the company listed a decade ago, despite an ongoing stock buyback.
Aurizonâs shares have been sliding as investors worry that global demand for coal will fall as countries cut carbon emissions.Â
Australian family, backed by one of South Africa s richest men, buys Larrizona Station for $17 million
By Daniel Fitzgerald
An Australian family, backed by one of South Africa s richest men, has bought its sixth Northern Territory cattle property, acquiring Larrizona Station for $17 million.
Pierre and Luciana Langenhoven add the 70,000 hectare Sturt Plateau station to their growing list of properties, which include Kalala, Tanumbirini, Forrest Hill, Mt McMinn and Big River Stations.
Since mid-2018 the family has spent more than $150 million buying more than 1.1 million hectares of Top End cattle country.
Larrizona Station, 165 kilometres south of Katherine, was sold walk-in-walk-out with around 6,000 head of Brahman cattle.
Australian family, backed by one of South Africa s richest men, buys Larrizona Station for $17 million
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Larrizona Station established hay and seed production alongside running cattle.
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An Australian family, backed by one of South Africa s richest men, has bought its sixth Northern Territory cattle property, acquiring Larrizona Station for $17 million.
Key points:
Deal includes 6,000 head of cattle and 1,000 hecatres of cleared land
Indonesian-owned Kiana Station sells to local NT family
Pierre and Luciana Langenhoven add the 70,000 hectare Sturt Plateau station to their growing list of properties, which include Kalala, Tanumbirini, Forrest Hill, Mt McMinn and Big River Stations.
Why the Coca-Cola Amatil (ASX:CCL) share price is pushing higher
James Mickleboro | February 1, 2021 10:12am |
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In morning trade, the beverage company’s shares are up 0.5% to $13.15.
Why is the Coca-Cola Amatil share price pushing higher?
In November, the company revealed that it had entered into a scheme implementation deed with Coca-Cola European Partners for the acquisition of all of the issued shares held by independent shareholders via a scheme of arrangement.
This followed the receipt of an offer of $12.75 per share, less any final dividend paid before the date of implementation of any scheme. This represented a premium of 23% to the undisturbed one-week volume weighted average price at the time. It also valued the company at approximately $9.3 billion.