In today’s briefing:
- ASX200 Index AdHoc Rebalance Preview: Potential Replacement for Spartan Resources (SPR AU)
- Abacus Storage (ASK AU): Kirsh/Public Storage Bump And Afforded Due Diligence
- Iron Ore: Mill Spreads Continue to Improve, Bullish Ore To 110 USD/Ton
- National Storage REIT – The Monday Report – 14 July 2025
- Provaris Energy Ltd – On the cusp of commerciality
- Kinatico RaaS Interview Transcript 14 July 2025
- Kinatico Ltd – Q4 SaaS revenue surpasses 50%, RaaS forecasts beat
ASX200 Index AdHoc Rebalance Preview: Potential Replacement for Spartan Resources (SPR AU)
- There will be an ad hoc inclusion for the S&P/ASX 200 (AS51 INDEX) at the close on 22 July following Spartan Resources (SPR AU)‘s acquisition by Ramelius Resources (RMS AU).
- There are a couple of stocks that are trading neck and neck on average free float market cap and one of them is likely to be added to the index.
- Both stocks have seen a big increase in cumulative excess volume over the last few weeks, indicative of positioning in the stock.
Abacus Storage (ASK AU): Kirsh/Public Storage Bump And Afforded Due Diligence
- Two months ago, Abacus Storage King (ASK AU) announced, and subsequently rejected, a A$1.47/share NBIO, by way of a Scheme, from Nathan Kirsh’s Ki Corporation and Public Storage (PSA US)
- The Kirsh-led consortium has now bumped non-binding terms 14.7% to A$1.65/share, and has been granted six weeks of due diligence.
- Nathan Kirsh directly/indirectly holds a 59.47% stake in ASK. Abacus has never closed above A$1.60/share.
Iron Ore: Mill Spreads Continue to Improve, Bullish Ore To 110 USD/Ton
- We had called iron ore Iron Ore: Small Bounce From 96 to 100 USD/Ton As China Mill Margins Turn Positive, and we are now at 99 USD/ton.
- We continue to see mill margins benefit and the restock in the chain, including coking coal, which has started to move up, and forecast a gradual uptick to 110 USD/ton.
- We express our bullishness through owning Fenix Resources (FEX AU), a small-cap iron ore miner (read: Fenix Resources (FEX AU): Q3 FY25 Concall Update + CZR News )
National Storage REIT – The Monday Report – 14 July 2025
- Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead
Provaris Energy Ltd – On the cusp of commerciality
- Provaris Energy Ltd (ASX:PV1) represents a unique investment opportunity as a leveraged play on the growing shift to alternative energy and carbon reduction, particularly in Europe, but applicable on a global basis.
- The keystone to production and growth is the company’s proprietary ‘storage tank’ IP, enabling greater volumes of compressed gases to transport at lower cost (‘more for less’).
- The company holds a material early-mover advantage with a number of strategic partnerships and two hydrogen supply, offtake and shipping agreements expected to become unconditional over the next 12 months.
Kinatico RaaS Interview Transcript 14 July 2025
- Kinatico (ASX:KYP) CEO Michael Ivanchenko discusses the company’s Q4 trading update with RaaS director Finola Burke.
Kinatico Ltd – Q4 SaaS revenue surpasses 50%, RaaS forecasts beat
- Kinatico Ltd (ASX:KYP) is a ‘Know Your People’ regtech company providing workforce compliance monitoring and management technology and services.
- The company has announced that total revenue in Q4 increased 15% to $8.5m, with higher-margin SaaS (Software-as-a-Service) revenue making up 52% of the total, compared with 38% of total Q4 revenue in FY24.
- SaaS revenue grew 57% in the quarter on the previous corresponding period (pcp) to $4.4m and is tracking at $17.5m on an annualised basis.
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