In today’s briefing:
- PointsBet (PBH AU): The Battle of Takeover Offers Commences
- Legacy Business Fuels Kinatico’s SaaS Ambition
- Rio Tinto: Status Quo New CEO and Q2/25 Operations
- Rio Tinto Q2 2025 Production Update: Copper Leads, Iron Ore Rebounds
- Endeavour Group Ltd/Australia – The Overnight Report: Powell Tango Continues
- Legacy Business Fuels Kinatico’s SaaS Ambition
- Coles Group Ltd – ESG Focus: The Little Big Things – 14-07-2025
PointsBet (PBH AU): The Battle of Takeover Offers Commences
- BETR Entertainment (BBT AU) has despatched the bidder’s statement for PointsBet Holdings (PBH AU) takeover offer. The offer is scheduled to run from July 31 to September 8.
- BBT continues to clutch at straws by claiming its offer is superior to Mixi’s A$1.20 all-cash offer. The Mixi scheme results suggest that BBT has limited support from PBH shareholders.
- BBT will struggle to gain material acceptance, but hints at possible revised terms. Mixi Inc (2121 JP) will also need to reconsider its offer terms to see off BBT.
Legacy Business Fuels Kinatico’s SaaS Ambition
- As Kinatico transitions to a new compliance SaaS solution, the legacy business provides funding for the new service development and a pool of potential customers
Rio Tinto: Status Quo New CEO and Q2/25 Operations
- The company reported Q2/25 production, with decent growth for iron ore, copper, aluminum and precious metals as expected, and guidance maintained for all divisions
- A new CEO announced yesterday, Mr. Simon Trott, is head of Rio’s iron ore segment with 20 years at the company, not indicating any major shake-up of the corporate culture
- We remain cautious given potential for a reversal of recent jumps in iron ore and copper, and a weak medium-term outlook for the former, while Rio’s valuation remains moderate
Rio Tinto Q2 2025 Production Update: Copper Leads, Iron Ore Rebounds
- Copper strength continues, driven by the Oyu Tolgoi ramp-up and Arcadium integration, with volumes trending toward the higher end of guidance.
- Rio Tinto is gradually shifting its portfolio toward copper and lithium to reduce reliance on iron ore and align with energy transition demand.
- FY25 guidance remains intact across key commodities, with improved operating momentum and diversified growth positioning the company for a resilient second half.
Endeavour Group Ltd/Australia – The Overnight Report: Powell Tango Continues
- A global perspective on what happened overnight
Legacy Business Fuels Kinatico’s SaaS Ambition
- As Kinatico transitions to a new compliance SaaS solution, the legacy business provides funding for the new service development and a pool of potential customers
Coles Group Ltd – ESG Focus: The Little Big Things – 14-07-2025
- The sustainability industry and ESG protocols took some major steps forward in Europe while the US unravels decarbonisation efforts at home
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