In today’s briefing:
- PointsBet (PBH AU): Betr Firms “Superior Offer”. Expect The Board To Reject. Again
- Computershare Limited: Initiation of Coverage- How Smart Hedging & Rate Moves Are Driving a $1.8 Billion Windfall!
- Insignia Financial Ltd – The Overnight Report: New ASX Record Beckons
- NEXTDC Ltd – Rudi’s View: Aussie Broadband, oOh!media, Paladin Energy, Seek, Xero & More
- Warriedar Resources Ltd – Quarterly Round Up
PointsBet (PBH AU): Betr Firms “Superior Offer”. Expect The Board To Reject. Again
- Back on the 20th June, betr (BBT AU) tabled an all-scrip off-market Offer for PointsBet (PBH AU), with no minimum acceptance condition, which they considered superior to MIXI (2121 JP)‘s.
- Which was a bold statement, as 3.81 new betr shares, at the time, was equivalent to A$1.143/share versus MIXI’s A$1.20/share all-cash Offer. It’s now worth A$1.03/share.
- Last night, betr released its Bidder’s Statement. Terms are unchanged. Offer opens ~31st July. PointsBet was quick to point out, again, the current (low) value of the scrip terms.
Computershare Limited: Initiation of Coverage- How Smart Hedging & Rate Moves Are Driving a $1.8 Billion Windfall!
- Computershare presented a robust performance in its first-half FY ’25 results.
- The company reported Management Earnings Per Share (EPS) of $0.653, an 18.7% increase over the previous period, driven by strong business momentum despite challenging macroeconomic conditions, including interest rate changes.
- The company’s management aims to build a simplified, high-quality, and capital-light business model, as evidenced by their recent divestment of the U.S. Mortgage Services business.
Insignia Financial Ltd – The Overnight Report: New ASX Record Beckons
- A global perspective on what happened overnight
NEXTDC Ltd – Rudi’s View: Aussie Broadband, oOh!media, Paladin Energy, Seek, Xero & More
- Update on changes to and revisions of analysts’ Best Ideas and Conviction Calls, as well as Model Portfolio compositions
Warriedar Resources Ltd – Quarterly Round Up
- Warriedar Resources Limited (ASX:WA8) is an emerging gold and antimony developer whose flagship Golden Range project hosts ~2.3moz in AuEq resources in the prolific gold-producing Murchison region of Western Australia.
- Since the acquisition of the project in CY23, WA8 has expanded the gold resource and delineated a globally significant antimony resource which is also contained in the core Ricciardo deposit.
- Whilst the gold resource alone could support a commercial development, the overlapping antimony resource not only increases the economic value, it adds a strategic value to the project given the supply shortages and trade restrictions affecting this commodity.
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