Stuart Fraser
Stuart Fraser
carried concerned interest markets medium people rates red rises
We're not particularly concerned about rises in interest rates in the medium term. It's a red herring to markets and people can get too carried away.
bid bit deals debt few financing interest management people pressure quite rates rejects seen walk
We have seen quite a few people walk away from deals after the management rejects it. Interest rates are going up. Debt financing is costing more, so that's going to put a bit of pressure on what people can bid for.
background ending general good news quite year
We're ending the year on a pretty good note. The general news background has been quite positive.
direction front job quite
There are some encouraging signs. They're going in the right direction. Still, they've got quite a job in front of them.
final higher maybe offer pressure thinks waiting
There is no pressure on Clara. Maybe she thinks the Nasdaq offer is not the final offer, and she's waiting for a higher bid.
ahead disagree itself market people
I disagree with people who think that the market got ahead of itself and that there will be a sell-off,
good start targets uk
We've had a good run, particularly in the UK and Europe, we've had a good start to this year. Most people's (year) targets were for 6,000.
business dubai global growth investment strategic
Ports are a growth business on a global scale. For Dubai it would be a strategic investment for the long-term.
aggressive enterprise larger looking money punch returning thinks
Punch thinks they can still do these larger takeovers, and Enterprise is looking at disposals and returning money to shareholders. Punch is the more aggressive player.
betting cash flow possible strong
Private-equity firms like strong cash flow and you have that in a betting operation. I think they want to get in there before a possible IPO.
growth technology
Technology is here to stay. There is long-term growth in the industry.
bid business fist knocked management might needs nice otherwise parts
It's a nice price, but there might be some other parts of the business to be knocked off too. The management needs to make a fist of its strategy. Otherwise we'll see some bid activity.
concern entered management plenty
It only just entered China, and there's plenty to do there, so there's concern the management may get stretched.
admittedly background bit christmas confidence good inflation numbers oil price rally seen sticking stronger
The background has been encouraging so I don't think it's just a Christmas rally to expire completely in January. We've seen good confidence numbers from the U.S. and Germany, stronger growth, inflation well contained. The oil price is admittedly sticking a bit around $60 but it isn't going up anymore.