Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Bottom-Up

<ul>
<li>
Context: Friday’s sell-off occurred after the Australian market closed, but several ASX-listed companies were swept up in the decline through dual listings or U.S.-traded ADRs.</li>
<li>
This Insight looks at the impact on prominent <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200</a> constituents — including BHP, CSL, and major banks. While some companies showed limited movement, others, such as BHP, experienced sharper declines.</li>
<li>
Why Read: Understand where the Australian market might be headed when trading resumes after the weekend.</li>
</ul>



Context: Friday’s sell-off occurred after the Australian market closed, but several ASX-listed companies were swept up in the decline through dual listings or U.S.-traded ADRs.

This Insight looks at the impact on prominent S&amp;P/ASX 200 constituents — including BHP, CSL, and major banks. While some companies showed limited movement, others, such as BHP, experienced sharper declines.

Why Read: Understand where the Australian market might be headed when trading resumes after the weekend.


BHP (BHP AU/US) And Woodside (WDS AU/US) Slide as U.S. Sell-Off Spills Into Australian Stocks

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
 <li>News Corp is successfully navigating a secular shift from print to digital, driven by strong performance in its Digital Real Estate Services and Dow Jones segments, which are increasingly becoming the core profit drivers for the company.</li>
 <li>The company's portfolio of iconic and trusted brands, including The Wall Street Journal, Dow Jones, and HarperCollins, provides a significant competitive advantage and supports a growing base of high-margin digital subscription revenues.</li>
 <li>While legacy News Media assets face persistent headwinds from declining print circulation and advertising, management's focus on cost discipline and digital transformation, coupled with a strong balance sheet, positions the company for potential long-term value creation.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  News Corp is successfully navigating a secular shift from print to digital, driven by strong performance in its Digital Real Estate Services and Dow Jones segments, which are increasingly becoming the core profit drivers for the company.
  The company's portfolio of iconic and trusted brands, including The Wall Street Journal, Dow Jones, and HarperCollins, provides a significant competitive advantage and supports a growing base of high-margin digital subscription revenues.
  While legacy News Media assets face persistent headwinds from declining print circulation and advertising, management's focus on cost discipline and digital transformation, coupled with a strong balance sheet, positions the company for potential long-term value creation.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: News Corp Class A (NWSA US) - Sep 2025

<ul>
 <li>News Corp is successfully navigating the secular decline in traditional print media by focusing on its high-growth, high-margin digital assets, particularly in Digital Real Estate Services and the Dow Jones professional information business.</li>
 <li>The company's portfolio of iconic and authoritative brands, including The Wall Street Journal, HarperCollins, and REA Group, provides a durable competitive advantage and supports a strategic shift towards higher-quality, recurring digital subscription revenues.</li>
 <li>A strong balance sheet, consistent free cash flow generation, and a commitment to shareholder returns through an expanded stock repurchase program signal management's confidence in the intrinsic value and future growth prospects of the company.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  News Corp is successfully navigating the secular decline in traditional print media by focusing on its high-growth, high-margin digital assets, particularly in Digital Real Estate Services and the Dow Jones professional information business.
  The company's portfolio of iconic and authoritative brands, including The Wall Street Journal, HarperCollins, and REA Group, provides a durable competitive advantage and supports a strategic shift towards higher-quality, recurring digital subscription revenues.
  A strong balance sheet, consistent free cash flow generation, and a commitment to shareholder returns through an expanded stock repurchase program signal management's confidence in the intrinsic value and future growth prospects of the company.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: News Corp Class B (NWS US) - Sep 2025

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Washington H. Soul Pattinson and Co. Ltd / Event-Driven

Washington H. Soul Pattinson and Co. Ltd (SOL AU)

<ul>
<li>Following shareholder approval, there'll be an index DELetion for <a href="https://www.smartkarma.com/entities/brickworks-ltd" target="_blank" data-smartkarma-citation="entities:2726:1" rel="noopener">Brickworks (BKW AU)</a>, and an index UPweight for <a href="https://www.smartkarma.com/entities/washington-h-soul-pattinson-and-co-ltd" target="_blank" data-smartkarma-citation="entities:6054:1" rel="noopener">Soul Patts (SOL AU)</a>. BKW's last day of trading is the 15th September. </li>
<li>
<a href="https://www.smartkarma.com/entities/minebea-mitsumi-inc" target="_blank" data-smartkarma-citation="entities:5032:1" rel="noopener">Minebea Mitsumi (6479 JP)</a>'s Offer for <a href="https://www.smartkarma.com/entities/shibaura-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:12704:1" rel="noopener">Shibaura Electronics (6957 JP)</a>. That leaves this to be done by <a href="https://www.smartkarma.com/entities/yageo-corporation" target="_blank" data-smartkarma-citation="entities:13212:1" rel="noopener">Yageo Corporation (2327 TT)</a>, unopposed.</li>
<li>After a protracted succession stoush, Rupert Murdoch's son Lachlan asserts control of <a href="https://www.smartkarma.com/entities/news-corp-class-b" target="_blank" data-smartkarma-citation="entities:5990:1" rel="noopener">News Corp Class B (NWS US)</a> and <a href="https://www.smartkarma.com/entities/fox-corp-b470c4a5-c947-401c-af9f-3e6497d73406" target="_blank" data-smartkarma-citation="entities:36135:1" rel="noopener">Fox (FOXA US)</a>.</li>
</ul>


Following shareholder approval, there'll be an index DELetion for Brickworks (BKW AU), and an index UPweight for Soul Patts (SOL AU). BKW's last day of trading is the 15th September. 

Minebea Mitsumi (6479 JP)'s Offer for Shibaura Electronics (6957 JP). That leaves this to be done by Yageo Corporation (2327 TT), unopposed.
After a protracted succession stoush, Rupert Murdoch's son Lachlan asserts control of News Corp Class B (NWS US) and Fox (FOXA US).


Last Week In Event SPACE: Brickworks/Soul Patts, Shibaura Electronics, News Corp/Fox/REA, Dongfeng

<ul>
<li>After a protracted succession stoush, Rupert Murdoch's son Lachlan is set to take control of <a href="https://www.smartkarma.com/entities/news-corp-class-b" target="_blank" data-smartkarma-citation="entities:5990:1" rel="noopener">News Corp (NWS US)</a> and <a href="https://www.smartkarma.com/entities/fox-corp-b470c4a5-c947-401c-af9f-3e6497d73406" target="_blank" data-smartkarma-citation="entities:36135:1" rel="noopener">Fox (FOXA US)</a>.</li>
<li>Preceding my comments on News Corp and 62%-held <a href="https://www.smartkarma.com/entities/rea-group-ltd" target="_blank" data-smartkarma-citation="entities:699:1" rel="noopener">REA Group Ltd (REA AU)</a> are the current setup/unwind tables for Asia-Pacific Holdcos.</li>
<li>These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.</li>
</ul>


After a protracted succession stoush, Rupert Murdoch's son Lachlan is set to take control of News Corp (NWS US) and Fox (FOXA US).
Preceding my comments on News Corp and 62%-held REA Group Ltd (REA AU) are the current setup/unwind tables for Asia-Pacific Holdcos.
These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.


StubWorld: The Murdoch Succession Into News Corp, Fox & REA

United States

News Corporation operates in the publishing industry. The Company provides publications consisting of newspapers, magazines, books and promotional inserts.

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News Corp Class A (NWSA US)

BHP (BHP AU/US) And Woodside (WDS AU/US) Slide as U.S. Sell-Off Spills Into Australian Stocks

Friday’s U.S. market rout pushed dual-listed Australian stocks lower, with BHP and Woodside among the biggest movers. US-traded ADRs and futures...

Gaudenz Schneider

Primer: News Corp Class A (NWSA US) - Sep 2025

News Corp is successfully navigating a secular shift from print to digital, driven by strong performance in its Digital Real Estate Services and...

αSK Primers

Primer: News Corp Class B (NWS US) - Sep 2025

News Corp is successfully navigating the secular decline in traditional print media by focusing on its high-growth, high-margin digital assets,...

αSK Primers

Last Week In Event SPACE: Brickworks/Soul Patts, Shibaura Electronics, News Corp/Fox/REA, Dongfeng

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

StubWorld: The Murdoch Succession Into News Corp, Fox & REA

Current levels for News Corp are elevated but not extreme. If in, I'd look to unwind the stub, with a view to reversing - short News Corp, Long REA.

David Blennerhassett

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