In today’s briefing:
- Hunter Turns Hunted As Ingenia Communities (INA AU) Rejects Warburg’s NBIO
- Aussie Shorts [31 Aug 2026]: CBA, NAB, Transurban, Westpac, BHP
Hunter Turns Hunted As Ingenia Communities (INA AU) Rejects Warburg’s NBIO
- On the 26th August, real estate developer Peet Ltd (PPC AU) entered into cash/scrip Offer by way of a Scheme with Ingenia Communities (INA AU).
- The Scheme appeared clean. Decent premium to NTA. Major shareholder (of Peet) support. However, Ingenia’s share price has fallen 13% since the transaction was announced.
- This morning, Ingenia announced it has received, and rejected, a NBIO of A$4.75/share (in cash) from Warburg Pincus. The proposal is contingent on Ingenia not proceeding with the Peet Offer.
Aussie Shorts [31 Aug 2026]: CBA, NAB, Transurban, Westpac, BHP
- Australia’s ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 31st August, published on the 4th September.
- The largest industry net increase in the past week was A$1.2bn into “Banks“; the largest industry net decrease was A$0.9bn out of “Gold“. Net shorts declined A$0.9bn week-on-week.
- Companies mentioned in this regular weekly report include: Commonwealth Bank of Australia (CBA AU), National Australia Bank (NAB AU), Transurban (TCL AU), Westpac Banking (WBC AU), and BHP (BHP AU).
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