In today’s briefing:
- MV Australia Equal Weight Index Rebalance Preview: Three Potential Deletions in September
- ADX Energy (ASX: ADX): Formal permit award in Italy adds gas exploration upside
- Pointerra Ltd – Cashflow from contracts pushed to H1 FY26
MV Australia Equal Weight Index Rebalance Preview: Three Potential Deletions in September
- Nearing the end of the review period, we forecast no inclusions to the index in September. There could be up to 3 deletions at the review though.
- Even if there are no constituent changes, capping changes will lead to one-way turnover of 3.8% and a round-trip trade of A$232m.
- If there are 3 deletes as forecast, one-way turnover increases to 6.3% resulting in a round-trip trade of A$384m.
ADX Energy (ASX: ADX): Formal permit award in Italy adds gas exploration upside
- ADX has been formally awarded the C.R150.AU offshore exploration permit in Sicily.
- The permit has an initial term of 6 years, with the option for 2 additional 3-year renewal periods.
- In the event of a commercial discovery, an exploitation concession may be granted for 20 years, extendable by a further 10 years.
Pointerra Ltd – Cashflow from contracts pushed to H1 FY26
- Pointerra Ltd (ASX:3DP) provides a powerful cloud-based solution (Pointerra3D) for managing, visualising, analysing, using and sharing massive 3D point clouds and geo-spatial datasets.
- Pointerra3D is a proprietary digital twin Software-as-a-Service (SaaS) platform which delivers predictive digital insights and definitive answers to complex physical asset management questions.
- Pointerra has reported Q4 cash receipts of $1.62m and an operating cash outflow of $1.01m (ASX release 31 July).
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