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4-Traders Homepage  >  Equities  >  Swiss Exchange  >  LafargeHolcim    LHN   CH0012214059

LAFARGEHOLCIM (LHN)
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LafargeHolcim : Jilted PPC slides in morning trade

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12/08/2017 | 12:38am CET

PPC's share price fell 3.5% to R6.65 on Thursday morning, 7 December, after it informed shareholders it had been jilted on Monday by one of its three suitors, Dublin-based CRH... The cement maker said CRH, after conducting an initial due diligence, advised it on December 4 that it had decided not to proceed with an offer to buy the company.

This still leaves Canadian financier Fairfax and Swiss building materials group LafargeHolcim as potential acquirers.

On November 22, PPC issued a statement saying its independent board had advised shareholders to reject Fairfax's R5.75 per share offer.

Fairfax has set a R2bn limit to the number of shares it is willing to buy, and has made it a condition that PPC merge with AfriSam.

"Given that the takeover regulation panel has granted Fairfax Africa Investments an extension of the date by which it is required to post its partial offer circular until December 12, and that the independent board continues to engage with LafargeHolcim in respect of its approach, PPC shareholders are advised to continue to exercise caution when dealing in securities of PPC until a further announcement is made," the company said in Thursday's statement.

Source: BDpro

(c) All rights reserved. 2017. Bizcommunity.com Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( CHF)
Sales 2017 26 071 M
EBIT 2017 3 494 M
Net income 2017 1 869 M
Debt 2017 14 045 M
Yield 2017 3,90%
P/E ratio 2017 16,70
P/E ratio 2018 14,49
EV / Sales 2017 1,77x
EV / Sales 2018 1,64x
Capitalization 31 984 M
Chart LAFARGEHOLCIM
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LafargeHolcim Technical Analysis Chart | LHN | CH0012214059 | 4-Traders
Technical analysis trends LAFARGEHOLCIM
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 22
Average target price 57,6  CHF
Spread / Average Target 9,3%
EPS Revisions
Managers
NameTitle
Jan Jenisch Chief Executive Officer
Beat W. Hess Chairman
Petr Laube Chairman-Supervisory Board
Roland Kohler Chief Operating Officer
Ron H. Wirahadiraksa Chief Financial Officer
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