Daily Brief Australia: Deep Yellow Ltd, CAR Group , Washington H. Soul Pattinson and Co. Ltd and more

In today’s briefing:

MV Global Uranium & Nuclear Energy/Infra Index Rebalance: Changes Lead to US$445m Trade
Long CAR Group (CAR AU) Vs. Short Seek (SEK AU): Statistical Arbitrage Play with ~7% Target Return
Last Week In Event SPACE: Brickworks/Soul Patts, Shibaura Electronics, News Corp/Fox/REA, Dongfeng

MV Global Uranium & Nuclear Energy/Infra Index Rebalance: Changes Lead to US$445m Trade

There is 1 add/delete for the MarketVector Global Uranium and Nuclear Energy Infrastructure Index while there are no constituent changes for the MVIS Global Uranium & Nuclear Energy Index.
Encore Energy (EU US) will replace Boss Energy (BOE AU) in the MarketVector Global Uranium and Nuclear Energy Infrastructure Index.
The round-trip trade across both indices is US$445m with capping changes resulting in much bigger flow for the MVIS Global Uranium & Nuclear Energy Index.

Context: The CAR Group (CAR AU) vs. Seek (SEK AU) price-ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.
Highlights: Going long CAR Group and short Seek targets a 7% return.
Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.

Following shareholder approval, there’ll be an index DELetion for Brickworks (BKW AU), and an index UPweight for Soul Patts (SOL AU). BKW’s last day of trading is the 15th September.
Minebea Mitsumi (6479 JP)‘s Offer for Shibaura Electronics (6957 JP). That leaves this to be done by Yageo Corporation (2327 TT), unopposed.
After a protracted succession stoush, Rupert Murdoch’s son Lachlan asserts control of News Corp Class B (NWS US) and Fox (FOXA US).

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