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Month: November 2021

NTO -2.81%: returned to trading today after successfully completing a capital raise to fund an acquisition. NTO is raising $140m at $3.43/sh through a placement and a 1 for 11.4 entitlement offer, a 10.7% discount to Tuesday’s close.

XRO -6.22%: first half result for the accounting software business was a bit light on. They swung into a loss of $NZ5.9m vs a $NZ34.5m profit in 1H21, despite growing revenue 23% and gross margins expanding 1.4% to 87.1%.

NCM -1.58%: the gold miner has been given its blessing to buy Canadian listed Pretium (PVG.TSX) by their board in a $2.8b deal. Newcrest have offered Pretium shareholders either $CA18.50/sh or 0.8084 NCM shares for each PVG held

NAB result rounds out the banks

NAB -0.76%: The 3rd and final of the Big 4 banks to report FY21 results today with NAB confirming a very strong bounce back post COVID with cash earnings up 38.6% to $6.558b – a slight beat to market expectations.

VUK -11.27%: Provided a trading update overnight and the stock was whacked on the market today. This trading update talked that the process, outlined yet more restructuring charges which have been a very consistent theme for VUK in the past few years, then went on to sell the dream of outer years.

DMP -18.4%: The pizza maker got hit today after sighting inflationary pressures across the group along with weaker sales in their Japanese operation at their AGM today.

TYR -4.35%: Another poor session for TYR today after dropping ~15% yesterday, the main issue stemming from their trading update yesterday afternoon that sighted year to date gross profit of $38m versus current consensus expectations of $159m for the full year.

AMP +9.30%: the embattled financial services company rallied today after selling its interest in Resolution Life Australia. AMP held a ~19% stake in the business after selling AMP Life to Resolution last year.

PPS +14.46%: the investment platform has had an approach from peer Netwealth (NWL) in an all scrip offer. Praemium shareholders would receive 1 NWL share for 11.96 PPS shares, plus a cash consideration of around 5c tied to the sale of the international arm.

APA +2.56%: looks to have lost out on its attempt to take over Victorian electricity grid and gas pipeline owner AusNet (AST) after Brookfield came back to the table with a $2.65/sh all cash bid. The AusNet board intend to unanimously recommend the offer to shareholders despite giving APA due diligence just a week ago.

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