Daily Brief Australia: AUB Group Limited, Seven West Media, ETFS FANG+ ETF, Pointerra Ltd, Pro Medicus Ltd and more

• EQT’s A$45/share bid for AUB, with a 16% spread, follows a month of exclusive due diligence.
• CVC Asia Pacific proposed forming a consortium with EQT, potentially increasing buyout success likelihood and financial commitment sharing.
• AUB’s valuation metrics include 14.5x FY25 EBITDA and 26.2x P/E, with historical trading at lower multiples.

• The Seven West Media (SWM AU) IE considers the SXL merger offer to be in the best interests of its shareholders, absent a superior proposal.
• The merger requires approval from SWM shareholders, ACMA, and the ACCC. The ACCC’s findings will be announced on 18 December. 
• The scheme vote is low risk as large SWM shareholders are supportive. Shares are trading through terms likely due to speculation of a competing bidder, which is unlikely to occur.  

• The ETFS FANG+ ETF (FANG AU) offers concentrated exposure to 10 of the most highly-traded, technology-focused growth companies.
• The underlying NYSE FANG+® Index is equally weighted, which differentiates it from market-cap-weighted technology indices and provides a more balanced exposure to its constituents.
• While the ETF has demonstrated strong historical performance, its concentrated nature and focus on the volatile technology sector present a high-risk, high-reward investment proposition.

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• 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 Q1 FY26 cash receipts of $1.98m, down 36% on the previous corresponding period (pcp) but up 25% on Q4 FY25.

• FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts.
• Today’s idea is Pro Medicus.
• Brokers reassess Pro Medicus after share price correction Quiet period offsets long-term growth momentum and contract wins AI, cloud certification, and flagship deployments strengthen outlook