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Altium (ALU)

$34.78
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What does Bull and Bear mean?

Market Matters View Point?

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Market Matters
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MM is considering selling ALU above $40

OPINION

Altium (ALU) $34.78

We’ve been holding ALU through its volatile journey in 2021, we sill like the business but above $40 it will start to feel fully valued.

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Altium (ALU) $36.05

ALU has been on a volatile journey in 2021 after enjoying a takeover bid from Autodesk (ADSK US) which was rumoured to reach $40 but the board had no interest and the US suitor walked. The recovery in the share price currently supports the board’s decision as the printed circuit board (PCB) design software provider trades well above pre-bid levels.

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Altium (ALU) $33.83

ALU soared over 6% yesterday on no apparent news except the reawakening of M&A speculation after the increased bid for Sydney Airports (SYD) feels likely to be successful. We believe this software business is good value under $35 even after  the company rejected Autodesk’s (ADSK US) $5bn bid which was rumoured to be pushed up to $40 before the suitor walked.

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Altium (ALU) $31.25

After an extremely tough week Altium (ALU) bounced over +4% yesterday to claim the spot as the ASX’s top performer. Autodesk previously walked away from its June takeover bid which was rumored to be pushed up towards $40 but management had no interest. We expected the company to deliver a strong result this week to justify the rebuff but alas we were wrong and the...

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Altium (ALU) $30.79

FY21 result: Shares getting hit today down 11% at time of writing after they beat consensus for FY21 and upgraded revenue guidance for FY22 however downgraded margin guidance, now expecting EBITDA margin between 34%-36% (vs prior target 36-39%), implying EBITDA for FY22 between $70-78.  Consensus for revenue in FY22 was $202m...

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Altium (ALU) $32.81

The financial press have been full of ALU of late since the takeover bid from US based software company Autodesk (ADSK US). The initial $38.50 bid was rejected but apparently discussions around $40 were also met with little enthusiasm by the Australian software business.

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Altium (ALU) $35.17

Potentially an out of date note before this report hits your inbox but yesterday saw ALU experience some wild swings on rumours that American software company Autodesk had withdrawn its $38.50 bid. There was also talk that they had ran an increased offer of $40 past the board only to get the cold shoulder, the company announcement from ALU was very thin on details implying they weren’t 100% sure what comes next, our take:

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Altium (ALU) $35.17

ALU -3.78%: A volatile session for ALU today with the stock down as much as ~14% early due to a report in The Australian suggesting that AutoDesk had walked from their $38.50 takeover offer. The AFR followed that up with an article saying that AutoDesk had tested the waters at $40 a share and that too was rebuffed by ALU.

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Weekly Video Update

Yesterday morning I chatted with Ausbiz around the bond market dynamics and how that impacts particular sectors on the ASX. I also discussed Telstra (TLS) and our views on the ‘takeover’ plays that currently reside in our Flagship Growth Portfolio, namely Crown (CWN) & Altium (ALU).

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ACTION

ALU
UPDATED 19/10/2021 17:19
MM is considering selling ALU above $40
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ALU
UPDATED 24/09/2021 16:12
MM remains long and bullish ALU
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ALU
UPDATED 17/09/2021 08:59
MM is long and bullish ALU
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ALU
UPDATED 06/09/2021 08:58
MM is bullish ALU around $30
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ALU
UPDATED 31/08/2021 09:22
MM remains bullish ALU, contemplating increasing our weighting
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ALU
UPDATED 22/07/2021 16:55
MM likes ALU around current levels
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ALU
UPDATED 21/07/2021 09:12
MM remains long and bullish ALU
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ALU
UPDATED 20/07/2021 08:29
MM remain bullish ALU
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ALU
UPDATED 22/06/2021 11:47
MM remains bullish ALU targeting further corporate activity above $40
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ALU
UPDATED 10/06/2021 10:32
MM remains bullish ALU around $34
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Software services

Altium (ALU) develops electronic design automation (EDA) software for the Microsoft Windows operating system. Altium’s products facilitate and aid in the design of electronic products such as printed circuit boards. The Group’s products are utilized by telecommunications, automotive, defense, science and consumer electronics industries.

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Altium (ALU)
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Altium Ltd (ALU)
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Altium (ALU)
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Altium (ALU)
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Altium (ALU)
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Altium Ltd (ALU)
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Altium (ALU)
Tagged video
WATCH
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Weekly Video Update: James covers bond yields, Telstra, Crown & Altium
Tagged video
WATCH
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Weekly Video Update: We cover our views on ALU, CWN, Z1P & WZR. Published 16th June
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