In today’s briefing:
- Quiddity ASX Sep25 Results: ADDs Up Vs DELs Post-Announcement; Positioning Might Be Significant
- Bendigo (BEN AU) Vs. NAB (NAB AU): Price-Ratio Signals 5% Pair Trade Potential In Aussie Banks
- A Basket of High-Risk, High-Reward, Critical Metal Miners with Strategic Value – Pt 2
- ADX Energy (ASX: ADX): Firming-up the exploration portfolio in Austria
Quiddity ASX Sep25 Results: ADDs Up Vs DELs Post-Announcement; Positioning Might Be Significant
- The ADDs/DELs for the ASX index family for the September 2025 index rebal event were announced after market close on Friday 5th September 2025. We got 44/47 predictions correct.
- There are 25 ADDs and 30 DELs collectively for ASX 50, ASX 100, ASX 200, and ASX 300.
- In this insight, we take a look at our final flow expectations for each of these confirmed index changes.
Bendigo (BEN AU) Vs. NAB (NAB AU): Price-Ratio Signals 5% Pair Trade Potential In Aussie Banks
- Context: The Bendigo And Adelaide Bank (BEN AU) vs. NAB (NAB AU) price-ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.
- Highlights: Going long Bendigo And Adelaide Bank (BEN AU) and short National Australia Bank (NAB AU) targets a 5% return.
- Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.
A Basket of High-Risk, High-Reward, Critical Metal Miners with Strategic Value – Pt 2
- Critical Minerals Outside of China Will Command A Strategic Premium
- As risk appetite in the mining sector increases, the biggest gains will be in the junior miners and exploration companies
- We highlight eight companies as a basket of such miners which should benefit from these trends
ADX Energy (ASX: ADX): Firming-up the exploration portfolio in Austria
- ADX has matured its Austrian exploration portfolio following: (1) recent drilling results, (2) licence area modifications, and (3) updated technical evaluations.
- Excluding the Welchau-1 well drilled in 2024—where resource classification remains pending due to suspended flow testing (following an environmental objection)—ADX has delineated 24 drillable prospects across five distinct plays, with P50 prospective resources of ~247 bcf and 31 mmbbl (~72 mmboe).
- The proportion of gas in the exploration portfolio (excluding Welchau-1) has increased from ~44% % to ~68% with OHO (15 mmboe) now estimated to hold gas rather than oil.
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