Author: Harry Watt
HUB +8.73%: the investment platform continues to hit the ball out of the park, today announcing record quarterly inflows for the first three months of FY22.
FMG +5.26%: out with their first major move in the push to become carbon neutral by 2030. The Global Green Energy Manufacturing centre will be built in Gladstone, Queensland to manufacture wind turbines, solar cells and electrolysers among other green hydrogen equipment.
SGR -22.90%: Whacked today on a damming 60 Minutes story last night into the casino. Not a lot we can add here, other to say that clearly casino’s across the board have dropped the ball in many areas.
EML -14.59%: The card and payments company struggled today after the Central Bank of Ireland responded to their remediation and growth plans. Issues with the PFS Card Services business came to light earlier in the year, a business EML only acquired back in late 2019.
ASB +3.21%: announced a milestone contract win at lunchtime today, helping shares in the shipbuilder trade higher through the afternoon against a weaker session more broadly.
SIQ +18.07%: the salary packaging and fleet services business copped a takeover bid from private equity group TPG today. The bid values Smartgroup at $1.38b with the all-cash offer at $10.35/sh.
BPT +10.53%: the standout in a weak day today, Beach was helped by surging energy prices as well as a strong showing at their investor day. Beach talking to FY24 production of 28mboe, up from Fy21 25.6mboe
SIG +1.68%: the pharmaceutical wholesaler re-joined the running to take out Priceline owner Australian Pharmaceutical Industries (API) today in a battle that’s now spanned 3 years. Wesfarmers had thrown a bid in for API only a few months ago at $1.55/sh cash, in a deal that looked all but wrapped up before Sigma’s moves today.
CXL +39.69%: Our most recent purchase in the Emerging Companies Portfolio crashed through all-time highs today after selling a portion of a subsidiary to a US ESG investment firm. A 7% stake in the LEILAC Group was sold to Carbon Direct Capital management for $24.5m.
Z1P -2.7%: the BNPL company held an investor day as they start to shape the conversation about other avenues of revenues. Zip are now looking to encourage customers to do more than just one off purchases through Zip with a digital wallet style offering including taking deposits.
