In today’s briefing:
- SelfWealth (SWF AU): Peter Thiel-Backed Svava Crashes Bell’s Offer
- [IO Technicals Weekly 2025/5] IO Rally Amid Supply Disruptions and Lunar New Year Impact
- Fluence Corp Ltd – Set up for a strong recovery
SelfWealth (SWF AU): Peter Thiel-Backed Svava Crashes Bell’s Offer
- On the 25th November, online trading player SelfWealth Ltd (SWF AU) entered into a SID with Bell Financial (BFG AU) at A$0.25/share after outbidding AxiCorp Financial Services.
- Now Singaporean-based wealth manager Svava has tabled a non-binding A$0.28/share Offer, in cash, by way of a Scheme. Svava also holds an effective blocking stake – 18.8% of shares out.
- SelfWealth said Svava’s proposal “while indicative and non-binding, could be reasonably considered to become a superior proposal.” BFG needs to step up.
[IO Technicals Weekly 2025/5] IO Rally Amid Supply Disruptions and Lunar New Year Impact
- SGX IO Futures closed at $105.75/ton on Jan 31, gaining $0.90/ton over the week, with a high of $106.85/ton and a low of $103.50/ton.
- A golden cross formation on Jan 17 signaled a bullish trend, while RSI at 64.97 suggests a possible overbought condition.
- Prices remained in triple digits due to U.S. tariff uncertainties, reduced steel mill capacity, Lunar New Year closures, and weather-related supply disruptions in Australia’s Pilbara region.
Fluence Corp Ltd – Set up for a strong recovery
- RaaS has published an update report on environmental services company Fluence Corporation (ASX:FLC) following its Q4 quarterly and financial and operating update and guidance for the FY25 year.
- The company met its previous guidance for revenue of US$51.5m and an EBITDA loss of US$4.0m, which was 9% better than RaaS’ forecast for a US$4.4m loss.
- FLC has provided a strong outlook for FY25 guiding to revenue of US$80-95m and EBITDA of US$3.0-5.0m.
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