Business Services Industry
Colonial takes a chance on the pokies.
Australasian Business Intelligence, July, 2006
Byline: Richard Hemming
Jul 31, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Colonial First State has increased its stake in Aristocrat Leisure from 8.15 to 9.21 per cent. The Australian fund manager bought close to $A60 million worth of shares in the gaming machine maker on 21 July 2006. Aristocrat's share price has dropped by 22 per cent since April, due to concerns about the impact on sales of regulatory changes in Japan. Meanwhile, US-based Brandes Investment Partners has increased its holding in McGuigan Simeon Wines, while the State Teachers Retirement System of Ohio has also acquired a 5.04 per cent stake in the wine company.
Publication Date: 1 August 2006
COLONIAL FIRST STATE INVESTMENTS LIMITED
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