Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 28th September, published on the 2nd October.
</li>
<li>The largest industry net increase in the past week was A$0.4bn into "Banks"; the largest industry net decrease was A$0.1bn out of "Interactive Media". Net shorts increased A$0.5bn week-on-week. 
</li>
<li>Companies mentioned in this regular weekly report include: <a href="https://www.smartkarma.com/entities/bhp-group-ltd" target="_blank" data-smartkarma-citation="entities:147:1" rel="noopener">BHP Group (BHP AU)</a>, <a href="https://www.smartkarma.com/entities/steadfast-group-ltd" target="_blank" data-smartkarma-citation="entities:8181:1" rel="noopener">Steadfast (SDF AU)</a>, <a href="https://www.smartkarma.com/entities/artrya-ltd" target="_blank" data-smartkarma-citation="entities:41151:1" rel="noopener">Artrya (AYA AU)</a>, <a href="https://www.smartkarma.com/entities/echoiq-limited" target="_blank" data-smartkarma-citation="entities:8230:1" rel="noopener">ECHOiQ (EIQ AU)</a>, <a href="https://www.smartkarma.com/entities/catalyst-metals-ltd" target="_blank" data-smartkarma-citation="entities:4293:1" rel="noopener">Catalyst Metals (CYL AU)</a>, and <a href="https://www.smartkarma.com/entities/core-lithium-ltd" target="_blank" data-smartkarma-citation="entities:14712:1" rel="noopener">Core Lithium (CXO AU)</a>.</li>
</ul>


Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 28th September, published on the 2nd October.

The largest industry net increase in the past week was A$0.4bn into "Banks"; the largest industry net decrease was A$0.1bn out of "Interactive Media". Net shorts increased A$0.5bn week-on-week. 

Companies mentioned in this regular weekly report include: BHP Group (BHP AU), Steadfast (SDF AU), Artrya (AYA AU), ECHOiQ (EIQ AU), Catalyst Metals (CYL AU), and Core Lithium (CXO AU).


Aussie Shorts [28 Sep 2026]: BHP Group, Steadfast, Artrya, ECHOiQ, Catalyst Metals, Core Lithium

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Index Rebalance

<ul>
<li>In this insight, we have presented our final expectations for index changes for ASX 200, 100, 50, and 20 for the June 2026 index rebal event.</li>
<li>Currently, we expect one regular change for ASX 50 and four regular changes for ASX 200 during the rebalance. Separately, there could be a couple of M&amp;A-related index changes too.</li>
<li>The index review results will be confirmed in early-June 2026.</li>
</ul>


In this insight, we have presented our final expectations for index changes for ASX 200, 100, 50, and 20 for the June 2026 index rebal event.
Currently, we expect one regular change for ASX 50 and four regular changes for ASX 200 during the rebalance. Separately, there could be a couple of M&amp;A-related index changes too.
The index review results will be confirmed in early-June 2026.


Quiddity Leaderboard ASX Jun26: Final Expectations; 14 Changes in June Including M&A-Related Changes

<ul>
<li>In this insight, we have presented our expectations for potential index changes for ASX 200, 100, 50, and 20 in the run-up to the June 2026 index rebal event.</li>
<li>There have been some important movements in Leaderboard ranks. Currently, we expect one change for ASX 50, one change for ASX 100, and three changes for ASX 200.</li>
<li>However, one of the ASX 200 expected ADDs <a href="https://www.smartkarma.com/entities/firefly-metals-ltd" target="_blank" data-smartkarma-citation="entities:12974:1" rel="noopener">FireFly Metals (FFM AU)</a> is currently involved in a spin-off that could harm its chances of ASX 200 inclusion.</li>
</ul>


In this insight, we have presented our expectations for potential index changes for ASX 200, 100, 50, and 20 in the run-up to the June 2026 index rebal event.
There have been some important movements in Leaderboard ranks. Currently, we expect one change for ASX 50, one change for ASX 100, and three changes for ASX 200.
However, one of the ASX 200 expected ADDs FireFly Metals (FFM AU) is currently involved in a spin-off that could harm its chances of ASX 200 inclusion.


Quiddity Leaderboard ASX Jun26: FireFly Metals A Question Mark; Qube Replacements; Rank Changes

<ul>
<li>We know that Bain knew that their mid-September overbid for <a href="https://www.smartkarma.com/entities/kakaku-com-inc" target="_blank" data-smartkarma-citation="entities:7408:1" rel="noopener">Kakaku.com Inc (2371 JP)</a> did not meet the so-called KDDI Threshold, yet they made that bid anyway (¥3,720 vs EQT's ¥3,680).</li>
<li>IF <a href="https://www.smartkarma.com/entities/sankei-real-estate-inc" target="_blank" data-smartkarma-citation="entities:35239:1" rel="noopener">Sankei Real Estate (2972 JP)</a> trades wide, consider going long the arb, but generally, need to participate unless it does trade wide. There're other more interesting deals out there.</li>
<li>Despite the lower-than-expected bid optics compared to prior negotiations, <a href="https://www.smartkarma.com/entities/renew-energy-global-plc-class-a" target="_blank" data-smartkarma-citation="entities:37038:1" rel="noopener">ReNew Energy Global (RNW US)</a>'s Offer looks done. All ducks are lined up. Just a question of timing on regulatory approvals.</li>
</ul>


We know that Bain knew that their mid-September overbid for Kakaku.com Inc (2371 JP) did not meet the so-called KDDI Threshold, yet they made that bid anyway (¥3,720 vs EQT's ¥3,680).
IF Sankei Real Estate (2972 JP) trades wide, consider going long the arb, but generally, need to participate unless it does trade wide. There're other more interesting deals out there.
Despite the lower-than-expected bid optics compared to prior negotiations, ReNew Energy Global (RNW US)'s Offer looks done. All ducks are lined up. Just a question of timing on regulatory approvals.


Last Week In Event SPACE: Kakaku.com, Sankei Real Estate, ReNew Energy Global, Korea Aerospace Ind

<ul>
<li>Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 21st September, published on the 25th September.</li>
<li>The largest industry net increase in the past week was A$0.3bn into "Diversified Metals"; the largest industry net decrease was A$0.3bn out of "Industrial REITs". Net shorts increased A$0.6bn week-on-week.</li>
<li>Companies mentioned in this regular weekly report include: <a href="https://www.smartkarma.com/entities/national-australia-bank-ltd" target="_blank" data-smartkarma-citation="entities:15:1" rel="noopener">NAB (NAB AU)</a>, <a href="https://www.smartkarma.com/entities/codan-ltd-australia" target="_blank" data-smartkarma-citation="entities:6189:1" rel="noopener">Codan (CDA AU)</a>, <a href="https://www.smartkarma.com/entities/the-lottery-corp-ltd" target="_blank" data-smartkarma-citation="entities:35970:1" rel="noopener">The Lottery Corporation (TLC AU)</a>, <a href="https://www.smartkarma.com/entities/minerals-260-ltd" target="_blank" data-smartkarma-citation="entities:34601:1" rel="noopener">Minerals 260 (MI6 AU)</a>, andb<a href="https://www.smartkarma.com/entities/sunrise-energy-metals-ltd" target="_blank" data-smartkarma-citation="entities:11810:1" rel="noopener">Sunrise Energy Metals (SRL AU)</a>.</li>
</ul>


Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 21st September, published on the 25th September.
The largest industry net increase in the past week was A$0.3bn into "Diversified Metals"; the largest industry net decrease was A$0.3bn out of "Industrial REITs". Net shorts increased A$0.6bn week-on-week.
Companies mentioned in this regular weekly report include: NAB (NAB AU), Codan (CDA AU), The Lottery Corporation (TLC AU), Minerals 260 (MI6 AU), andbSunrise Energy Metals (SRL AU).


Aussie Shorts [21 Sep 2026]: NAB, Codan, The Lottery Corp, Minerals 260, Sunrise Energy Metals

Australia

Minerals 260 Limited operates in Australia.

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Minerals 260 Ltd (MI6 AU)

Aussie Shorts [28 Sep 2026]: BHP Group, Steadfast, Artrya, ECHOiQ, Catalyst Metals, Core Lithium

The largest industry net increase in the past week was A$0.4bn into "Banks"; the largest industry net decrease was A$0.1bn out of "Interactive...

David Blennerhassett

Quiddity Leaderboard ASX Jun26: FireFly Metals A Question Mark; Qube Replacements; Rank Changes

All expected index changes have multiple days of volume to trade. There is still roughly one month left in the reference period and some ASX 200...

Janaghan Jeyakumar, CFA

Last Week In Event SPACE: Kakaku.com, Sankei Real Estate, ReNew Energy Global, Korea Aerospace Ind

It’s Sunday! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed during the...

David Blennerhassett

Aussie Shorts [21 Sep 2026]: NAB, Codan, The Lottery Corp, Minerals 260, Sunrise Energy Metals

The largest industry net increase in the past week was A$0.3bn into "Diversified Metals"; the largest industry net decrease was A$0.3bn out of...

David Blennerhassett

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Aussie Shorts [28 Sep 2026]: BHP Group, Steadfast, Artrya, ECHOiQ, Catalyst Metals, Core Lithium

The largest industry net increase in the past week was A$0.4bn into "Banks"; the largest industry net decrease was A$0.1bn out of "Interactive...

David Blennerhassett

Quiddity Leaderboard ASX Jun26: Final Expectations; 14 Changes in June Including M&A-Related Changes

We expect a total of 14 index changes in June 2026 including M&A-related index changes. Most of the index changes have decent impact and flow size.

Janaghan Jeyakumar, CFA

Quiddity Leaderboard ASX Jun26: FireFly Metals A Question Mark; Qube Replacements; Rank Changes

All expected index changes have multiple days of volume to trade. There is still roughly one month left in the reference period and some ASX 200...

Janaghan Jeyakumar, CFA

Last Week In Event SPACE: Kakaku.com, Sankei Real Estate, ReNew Energy Global, Korea Aerospace Ind

It’s Sunday! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed during the...

David Blennerhassett

Aussie Shorts [21 Sep 2026]: NAB, Codan, The Lottery Corp, Minerals 260, Sunrise Energy Metals

The largest industry net increase in the past week was A$0.3bn into "Diversified Metals"; the largest industry net decrease was A$0.3bn out of...

David Blennerhassett