In today’s briefing:
- Megaport Placement – Equity Raise Positioned for Scale and Global Expansion
- AI & Competitor Anxiety Dominate REA Sentiment
Megaport Placement – Equity Raise Positioned for Scale and Global Expansion
- Megaport Ltd (MP1 AU) is looking to raise around US$131m via a fully underwritten primary placement.
- The company will use the proceeds to fund the acquisition of Latitude.sh and accelerate its network expansion into India.
- In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
AI & Competitor Anxiety Dominate REA Sentiment
- REA Group’s September quarter results broadly met expectations, though investors continue to question management over competition and AI-related risks.
- REA Group’s September quarter meets expectations Unchanged yield guidance allays market concerns Analysts use conference call to ask questions about artificial intelligence and competition risks Morgans maintains REA is one of the highest-quality franchises under its ASX coverage
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