In today’s briefing:
- Greatland Resources (GGP AU): Big Index Inclusions for Recent IPO
- Region (RGN AU) Vs. Waypoint REIT (WPR AU) – Trade Exit and Take Profit
Greatland Resources (GGP AU): Big Index Inclusions for Recent IPO
- Greatland Resources (GGP AU) started trading on the ASX Ltd (ASX AU) on 24 June after selling shares worth A$504m in a primary and secondary offering across Australia/UK.
- Greatland has a full market cap of A$4.9bn and a high free float since Greatland Gold Plc (GGP LN) was listed on the AIM market of the London Stock Exchange.
- Given the large market cap and high float, the stock could be added to multiple indices over the next few months.
Region (RGN AU) Vs. Waypoint REIT (WPR AU) – Trade Exit and Take Profit
- Context: This article provides an update on a previously identified pair trading opportunity between Waypoint REIT (WPR AU) and Region (RGN AU), based on statistical mean reversion analysis.
- Key Insights: The trade has now reached its exit signal as the price ratio reverted to its one-standard deviation band, yielding a positive return.
- Why Read It: For investors interested in quantitative trading strategies, this article demonstrates how statistical arbitrage can generate short-term alpha and highlights actionable similar opportunities in the current market.
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