External broker reports(aggregated public sources), Bell Potter Securities

Bell Potter

External broker reports(aggregated public sources)

Bell Potter Securities

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to individuals, institutions and corporations. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>AFI commenced operations in 1928 and is Australia’s largest listed investment entity by market capitalisation.</li><li>The Company adopts a long-term perspective that emphasises ‘quality’ investments, with a focus on efficient after-tax returns for shareholders.</li><li>The fixed cost base also enables for the provision of a highly competitive, low-cost investment vehicle, and with no ongoing management or performance fees attributable to an external manager. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

AFI commenced operations in 1928 and is Australia’s largest listed investment entity by market capitalisation.The Company adopts a long-term perspective that emphasises ‘quality’ investments, with a focus on efficient after-tax returns for shareholders.The fixed cost base also enables for the provision of a highly competitive, low-cost investment vehicle, and with no ongoing management or performance fees attributable to an external manager. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Asia Pac ECM and Index Rebal, DZT Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of May 1st (reported today). The aggregated short interest was USD44.0bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Brambles, National Australia Bank, Scentre, Nextdc, Northern Star Resources.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of May 1st (reported today). The aggregated short interest was USD44.0bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Brambles, National Australia Bank, Scentre, Nextdc, Northern Star Resources.


ASX Short Interest Weekly (May 1st): Brambles, National Australia Bank, Scentre, Nextdc

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Apr 17th (reported today). The aggregated short interest was USD44.8bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Amcor, 4Dmedical Ltd, Telstra, Coles, Telix Pharmaceuticals.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Apr 17th (reported today). The aggregated short interest was USD44.8bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Amcor, 4Dmedical Ltd, Telstra, Coles, Telix Pharmaceuticals.


ASX Short Interest Weekly (Apr 17th): Amcor, 4Dmedical Ltd, Telstra, Coles, Telix Pharmaceuticals

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Mar 20th (reported today). The aggregated short interest was USD36.7bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals, Insurance Australia, Coles.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Mar 20th (reported today). The aggregated short interest was USD36.7bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals, Insurance Australia, Coles.


ASX Short Interest Weekly (Mar 20th): Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 22nd July, <a href="https://www.smartkarma.com/entities/insignia-financial-ltd" target="_blank" data-smartkarma-citation="entities:12349:1" rel="noopener">Insignia Financial (IFL AU)</a>, a wealth manager and previously known as IOOF, entered into a Scheme with CC Capital at A$4.80/share.</li>
<li>That's 56.9% premium to undisturbed (11th December 2024), 20% above Bain's initial indicative tilt, but 4% below CC Capital (% Bain's) A$5.00/share indictive Offer on the 7th March 2025.</li>
<li>
<a href="https://announcements.asx.com.au/asxpdf/20260227/pdf/06wwkrzh14m716.pdf" target="_blank" rel="noopener">The Scheme Booklet is now out</a>, with a Scheme Meeting on the13th April, and expected implementation on the 28th April  2026. The IE (Kroll) says "fair &amp; reasonable".</li>
</ul>


Back on the 22nd July, Insignia Financial (IFL AU), a wealth manager and previously known as IOOF, entered into a Scheme with CC Capital at A$4.80/share.
That's 56.9% premium to undisturbed (11th December 2024), 20% above Bain's initial indicative tilt, but 4% below CC Capital (% Bain's) A$5.00/share indictive Offer on the 7th March 2025.

The Scheme Booklet is now out, with a Scheme Meeting on the13th April, and expected implementation on the 28th April  2026. The IE (Kroll) says "fair &amp; reasonable".


Insignia Financial (IFL AU): 13th April Vote On CC Capital's A$4.80/Share Offer

Australia

Perpetual Limited is a financial services company that has two primary activities, wealth management services and corporate trust services. The Company provides funds management, responsible entity services, trustee services, executor services, financial planning, investment administration, superannuation, custody and registry services.

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Perpetual Ltd (PPT AU)

Analyst Outlook December 2024

AFI commenced operations in 1928 and is Australia’s largest listed investment entity by market capitalisation. The Company adopts a long-term...

Bell Potter

ASX Short Interest Weekly (May 1st): Brambles, National Australia Bank, Scentre, Nextdc

We analyzed ASX short interest report for the past week and highlight short interest changes in Brambles, National Australia Bank, Scentre, Nextdc,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Apr 17th): Amcor, 4Dmedical Ltd, Telstra, Coles, Telix Pharmaceuticals

We analyzed ASX short interest report for the past week and highlight short interest changes in Amcor, 4Dmedical Ltd, Telstra, Coles, Telix...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Mar 20th): Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals

We analyzed ASX short interest report for the past week and highlight short interest changes in Evolution Mining, 4Dmedical Ltd, Sigma...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Analyst Outlook December 2024

AFI commenced operations in 1928 and is Australia’s largest listed investment entity by market capitalisation. The Company adopts a long-term...

Bell Potter

ASX Short Interest Weekly (May 1st): Brambles, National Australia Bank, Scentre, Nextdc

We analyzed ASX short interest report for the past week and highlight short interest changes in Brambles, National Australia Bank, Scentre, Nextdc,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Apr 17th): Amcor, 4Dmedical Ltd, Telstra, Coles, Telix Pharmaceuticals

We analyzed ASX short interest report for the past week and highlight short interest changes in Amcor, 4Dmedical Ltd, Telstra, Coles, Telix...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Mar 20th): Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals

We analyzed ASX short interest report for the past week and highlight short interest changes in Evolution Mining, 4Dmedical Ltd, Sigma...

Ke Yan, CFA, FRM

Insignia Financial (IFL AU): 13th April Vote On CC Capital's A$4.80/Share Offer

This looks done. Assuming FIRB has no issue. Trading at a gross/annualised spread of 2.8%/18.5%. Key-Aussie-listed peer AMP is down 18% since Bain...

David Blennerhassett