In today’s briefing:
- Red Hawk (RHK AU): Fortescue’s Off-Market Offer
- Pureprofile Ltd – Record revenue and EBITDA in Q2, guidance upgraded
- Pureprofile RaaS Interview Transcript 29 January 2025
Red Hawk (RHK AU): Fortescue’s Off-Market Offer
- Via an off-market offer, Fortescue Metals (FMG AU)is aiming to purchase all shares of iron-ore play Red Hawk Mining (RHK AU) at A$1.05/share, a 28% premium to last close.
- If Fortescue secures at least 75% of Red Hawk’s shares within seven days, the Offer Price increases to A$1.20/share, a 46% premium to last close
- Fortescue’s focus is on Red Hawk’s Blacksmith iron ore project, located ~30 kilometers west of Fortescue’s own Solomon project.
Pureprofile Ltd – Record revenue and EBITDA in Q2, guidance upgraded
- RaaS has published an update on data analytics company Pureprofile (ASX:PPL) following its record Q2 and H1 results and guidance upgrade.
- Q2 revenue increased 30% to $15.3m, bringing H1 revenue to $29.2m, an increase of 22% on the previous corresponding period (pcp) and ahead of our forecast for $27.6m.
- Q2 EBITDA was a record $1.7m, up 79% on the pcp and bringing H1 EBITDA to $3.3m, a 38% increase on the pcp.
Pureprofile RaaS Interview Transcript 29 January 2025
- RaaS conducted an interview with PPL CEO Martin Filz and COO/CFO Melinda Sheppard post the release of the company’s record Q2 and H1 results.
- This is a full transcript of the 14:36min interview.
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