Friday, November 03, 2006

Speculation on Brazin news

A report in the australian financial review this morning had the following
information on the Brazin Ltd trading halt.

"Shares in Australian multi-brand retailer, Brazin, entered a trading halt
on 2 November 2006. Rumours are circulating that entrepreneur, Brett
Blundy, intends to buy out minority Brazin shareholders for approximately
$A68 million. Industry sources say that Blundy is capable of privatising
the operation without private equity backing. However, investors have not
ruled out speculation that Brazin is planning a major asset sale. Todd
Guyott, of Foresight Capital, says investors were originally attracted to
Brazin's multi-brand and multi-format business model, but he claims that
model has left the investors exposed to discretionary consumer spending"

Both of these speculations sound good for minority shareholders and at this
stage I would expect BRZ to climb after the news is announced.

Good Luck investing.

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