Daily Brief Australia: Tietto Minerals Ltd, 5G Networks Ltd/Australia, Findi and more

• Tietto Minerals Ltd (TIE AU) has disclosed a revised conditional proposal from Zhaojin Mining Industry H (1818 HK) at A$0.68 per share, a 17.2% premium to the previous offer of A$0.58.
• The offer is conditional on a 50.1% minimum acceptance condition (which can be waived). The offer is declared best and final. 
• Despite the bump, the offer is below the IE’s valuation range of A$0.79 to A$0.93 per share. The IE’s valuation range would be around 25% higher at current gold prices. 

• 5GN sold hosting business and 2/3 of domains business, resulting in over $100 million net gain
• Company left with $84 million in cash after full debt repayment and transaction costs
• Expected to generate $5 million in net income post-sale, plans to use cash for acquisitions, share buyback, and dividend, stock expected to rerate positively if targets met.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Findi is an illiquid Australian microcap company that controls TSI India, one of the largest owners and operators of ATMs in India
• TSI India has shown signs of improvement and is expected to perform well in the future
• Findi plans to list its operating business in India on the Indian stock market and issued convertible bonds in preparation for its IPO at a valuation of A$190.6 million

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.