Category

Australia

Daily Brief Australia: Red Hawk Mining , Pureprofile Ltd and more

By | Australia, Daily Briefs

In today’s briefing:

  • Red Hawk (RHK AU): Fortescue’s Off-Market Offer
  • Pureprofile Ltd – Record revenue and EBITDA in Q2, guidance upgraded
  • Pureprofile RaaS Interview Transcript 29 January 2025


Red Hawk (RHK AU): Fortescue’s Off-Market Offer

By David Blennerhassett

  • Via an off-market offer, Fortescue Metals (FMG AU)is aiming to purchase all shares of iron-ore play Red Hawk Mining (RHK AU) at A$1.05/share, a 28% premium to last close.
  • If Fortescue secures at least 75% of Red Hawk’s shares within seven days, the Offer Price increases to A$1.20/share, a 46% premium to last close
  • Fortescue’s focus is on Red Hawk’s Blacksmith iron ore project, located ~30 kilometers west of Fortescue’s own Solomon project.

Pureprofile Ltd – Record revenue and EBITDA in Q2, guidance upgraded

By Research as a Service (RaaS)

  • RaaS has published an update on data analytics company Pureprofile (ASX:PPL) following its record Q2 and H1 results and guidance upgrade.
  • Q2 revenue increased 30% to $15.3m, bringing H1 revenue to $29.2m, an increase of 22% on the previous corresponding period (pcp) and ahead of our forecast for $27.6m.
  • Q2 EBITDA was a record $1.7m, up 79% on the pcp and bringing H1 EBITDA to $3.3m, a 38% increase on the pcp.

Pureprofile RaaS Interview Transcript 29 January 2025

By Research as a Service (RaaS)

  • RaaS conducted an interview with PPL CEO Martin Filz and COO/CFO Melinda Sheppard post the release of the company’s record Q2 and H1 results.
  • This is a full transcript of the 14:36min interview.

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Daily Brief Australia: Iron Ore and more

By | Australia, Daily Briefs

In today’s briefing:

  • Iron Ore Weekly TA Review [2025/04]: Continued Bullishness Pre-CNY


Iron Ore Weekly TA Review [2025/04]: Continued Bullishness Pre-CNY

By Srinidhi Raghavendra

  • Mixed steel prices reflected short-term boosts from rising hot metal output and policy support, offset by lingering property sector woes, trade uncertainties, and structural market challenges.
  • IO prices consolidated and closed slightly above the 200-day DMA indicating the strengthening of the bullish trend. Bulls risk facing a consolidation or downward correction from these levels. 
  • Managed Money, Physicals participants & Others are net short with 129.1k, 5.1k & 18.6k lots respectively across all F&O expiries. Managed Money decreased net shorts while FIIs decreased net longs.

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Daily Brief Australia: Insignia Financial, Paladin Energy, ADX Energy Ltd and more

By | Australia, Daily Briefs

In today’s briefing:

  • Insignia Financial (IFL AU): Bain Matches CC Capital’s Terms. And Also Afforded DD
  • Are Paladin investors celebrating too early?
  • ADX Energy (ASX: ADX): Permit award in Italy opens a new growth area


Insignia Financial (IFL AU): Bain Matches CC Capital’s Terms. And Also Afforded DD

By David Blennerhassett


Are Paladin investors celebrating too early?

By Money of Mine

  • Evo Group cash flow was around 165 million
  • Paladin had a 12-day shutdown in November, impacting production
  • Water challenges and stockpile grade affecting Paladin’s guidance and operations

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


ADX Energy (ASX: ADX): Permit award in Italy opens a new growth area

By Auctus Advisors

  • ADX has been offered and accepted the “d 363 C.R-.AX” permit in the Sicily Channel, offshore Italy, covering a maximum area of 346 km2.
  • ADX applied for the permit in 2018, but the moratorium on awarding new exploration blocks in Italy was only lifted last year.
  • ADX will become a licensed operator in Italy as well as Austria and Romania.

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Daily Brief Australia: Deep Yellow , Kinatico and more

By | Australia, Daily Briefs

In today’s briefing:

  • DYLLF: The Final Investment Decision (FID) for Tumas will now be made in March 2025. An upgraded Ore Reserve Estimate on the Tumas Project
  • Kinatico Ltd – Q2 SaaS revenue increases t47% on pcp, 46% of total



Kinatico Ltd – Q2 SaaS revenue increases t47% on pcp, 46% of total

By Research as a Service (RaaS)

  • RaaS has published an update report on ‘Know Your People’ regtech company, Kinatico (ASX:KYP) following its Q2 revenue announcement in which it reported that total revenue had grown 7% on the pcp to $7.6m and SaaS revenue jumped 47% on the pcp to $3.5m.
  • The company reported H1 FY25 revenue of $15.6m, of which $6.5m or 42% was SaaS revenue.
  • This is in-line with our forecasts for H1.

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Daily Brief Australia: Pointerra Ltd and more

By | Australia, Daily Briefs

In today’s briefing:

  • Pointerra Ltd – Best ever quarter, Q2 outperforms forecasts


Pointerra Ltd – Best ever quarter, Q2 outperforms forecasts

By Research as a Service (RaaS)

  • RaaS has published an update on 3D spatial data solutions group Pointerra (ASX:3DP) following the release of the company’s best ever quarterly results, from a cash receipts, operating cashflow and organic cash growth perspective.
  • Q2 FY25 cash receipts of $4.24m were up 219% on the previous corresponding period (pcp) and 38% against Q1 FY25.
  • Operating cash inflow for Q2 was $1.45m, a $2.89m turnaround on the operating cash flow reported in Q2 FY24 and a 367% improvement on Q1 FY25.

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Daily Brief Australia: Bell Financial, Iron Ore and more

By | Australia, Daily Briefs

In today’s briefing:

  • Bell Financial Group Ltd – Reported FY24 NPAT +26% in line
  • Iron Ore Tracker (20-Jan-2025): Temporary Closure of Hedland and Dampier to Boost Prices


Bell Financial Group Ltd – Reported FY24 NPAT +26% in line

By Research as a Service (RaaS)

  • RaaS has published an update report on diversified financials company Bell Financial Group (ASX:BFG) following the release of FY24 unaudited revenue and reported NPAT, with group revenue +12% to $276m (RaaS $279m), implying H2 FY24 growth of 8.0%, and group NPAT +26% to $30.7m (RaaS $31m), implying H2 FY24 growth of 7.0%.
  • Divisionally Retail & Wholesale NPAT increased 115% to $9.2m, with H1 growth >900% and a H2 decline of ~20% on forecast lower ECM activity off a high base and in line with ASX market data.
  • Technology & Platforms and Products & Services NPAT increased 16% over the year, with H1 +~5% and H2 +~25% (including normalisation assumptions), likely to be aided by growth in Funds Under Administration (FUA) and higher transaction volumes.These businesses now represent 70% of group NPAT with a NPAT margin of 25% compared to 5.2% for Retail & Wholesale.

Iron Ore Tracker (20-Jan-2025): Temporary Closure of Hedland and Dampier to Boost Prices

By Sameer Taneja


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Daily Brief Australia: Insignia Financial and more

By | Australia, Daily Briefs

In today’s briefing:

  • Insignia Financial (IFL AU): CC Capital Bumps, Next Move Bain
  • (Mostly) Asia-Pac M&A: Jamco, AVJennings, Insignia Financial, Advanced Info Service/Thaicom


Insignia Financial (IFL AU): CC Capital Bumps, Next Move Bain

By Arun George

  • Insignia Financial (IFL AU) disclosed a revised non-binding privatisation offer from CC Capital at A$4.60, a 7.0% premium compared to its previous A$4.30 offer and Bain’s A$4.30 offer.
  • While the revised CC Capital offer is attractive compared to historical trading ranges, there remains valuation headroom for Bain to engage in a bidding war. 
  • The presence of several substantial shareholders facilitates a bidding war. The board should provide both bidders with due diligence access to promote the auction.

(Mostly) Asia-Pac M&A: Jamco, AVJennings, Insignia Financial, Advanced Info Service/Thaicom

By David Blennerhassett


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Daily Brief Australia: Insignia Financial, Pacific Current and more

By | Australia, Daily Briefs

In today’s briefing:

  • Insignia Financial (IFL AU): Bumpity Bumpity. Expect Bain To Match – Or Exceed – CC Capital’s Terms
  • Pacific Current Group (PAC) – Thursday, Oct 17, 2024


Insignia Financial (IFL AU): Bumpity Bumpity. Expect Bain To Match – Or Exceed – CC Capital’s Terms

By David Blennerhassett

  • After CC Capital waded in on the 6th January with a A$4.30/share NBIO for wealth manager Insignia Financial (IFL AU), trumping Bain’s A$4.00/share proposal, Bain subsequently matched CC Capital’s terms.  
  • CC Capital has now lifted is indicative Offer to A$4.60/share, a ~50% premium to undisturbed. Time for IFL to engage. And for Tanarra to be supportive. 
  • And Bain? I expect them to match CC Capital’s terms, again; if not a small premium. 

Pacific Current Group (PAC) – Thursday, Oct 17, 2024

By Value Investors Club

  • Pacific Current Group expected to receive a large tender offer at a premium of 20%+ in the next 2-4 months
  • Trading at a 20% discount to estimated fair value NAV of A$13.47 per share with minimal NAV volatility risk
  • Successful monetization of ownership stakes in boutique asset managers improving financial profile, poised for growth and value creation

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.


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Daily Brief Australia: Wisetech Global and more

By | Australia, Daily Briefs

In today’s briefing:

  • Wisetech Global Ltd : Valuation Summary – December 13, 2024


Wisetech Global Ltd : Valuation Summary – December 13, 2024

By VRS (Valuation & Research Specialists)

  • To establish a comparable universe we benchmarked and divided into tiers the 25 most comparable companies after a preliminary screen of over 2,000 technology listed companies.
  • To derive reliable forecast assumptions, we conducted ratios trend analysis (using income statement ratios, balance sheet common size analysis, liquidity ratio and operating statistics, leverage ratios, and additional profitability ratios) as well as a comparative ratio analysis (the same ratio analysis as per above for each company in the peer group, as presented below), which allowed us to develop multiple forecast scenarios and sense check the forecasted financials.
  • For the purpose of the final recommendation we used the “Upside” scenario, to show that even with optimistic forecasting assumptions, fundamentals fail to justify the current market price. 


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Daily Brief Australia: Avjennings Ltd and more

By | Australia, Daily Briefs

In today’s briefing:

  • AVJennings (AVJ AU): Ho Bee Emerges with a Competing Offer


AVJennings (AVJ AU): Ho Bee Emerges with a Competing Offer

By Arun George


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