Daily Brief Australia: National Storage REIT, Canva, Fiducian, Provaris Energy and more

• After National Storage REIT (NSR AU) entered a trading halt on the 26th Nov, it subsequently announced a NBIO from Brookfield and Singapore’s GIC. 
• Brookfield and GIC tabled a A$2.86/share (~1.11x P/NTA 30th June 2025) Offer, by way of a Scheme. Any 1H26 distribution would be netted (not added, as I incorrectly posted previously).
• This morning, NSR announced it has entered into a Scheme on the same terms. Implementation expected late April 2026. FIRB and NZ’s OIO approvals required, in addition to the vote. 

• National Storage REIT (NSR AU) has entered a SID with Brookfield and GIC at A$2.86 per unit, a 26.5% premium to the undisturbed price.
• The scheme offer is conditional on shareholder and FIRB, NZ OIO and foreign competition (EU, Ukraine, Turkey, China, Korea) approvals.
• Regulatory approvals should be forthcoming. The scheme vote is low risk as the offer represents an all-time high and implies a P/NTA of 1.11x. 

• In this insight, we provide a list of 50 prominent companies in Asia that could complete their IPOs in Asia in 2026 (excluding Korea).
• This report is meant to serve as a comprehensive, REFERENCE GUIDE to help clients get a broad view of the major IPOs that could get completed next year in Asia.
• Some of the most prominent potential IPOs in Asia next year include Reliance Jio, Kunlunxin,  Shein, Flipkart, and Canva. 

• Fiducian operates a resilient and vertically integrated business model in the Australian wealth management sector, encompassing financial planning, platform administration, funds management, and proprietary fintech solutions.
• The company has a strong track record of growth, both organically and through disciplined acquisitions of smaller financial planning firms, consistently increasing its Funds Under Management, Advice, and Administration (FUMAA).
• Disciplined cost management and the benefits of operating leverage have translated into consistent double-digit earnings and dividend growth, positioning the company well for future expansion despite market volatility.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

• Provaris Energy (ASX:PV1) CEO/MD Martin Carolan discusses recent developments with RaaS analysts.