07/08/2025 09:19

Atlas Arteria Ltd (ALX) $5.28

Atlas Arteria (ALX) is an ASX-listed company that owns and operates toll roads globally, with major assets in France, Germany, and the United States. IFM* Investors holds over 32% of Atlas Arteria , raising takeover speculation due to its large stake and the company’s attractive almost 8% dividend yield, a typical setup before more direct acquisition discussions - we’ve discussed the M&A prospects for ALX in previous notes.

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19/06/2025 09:21

Atlas Arteria Ltd (ALX) $5.28

Atlas Arteria (ALX) isn’t officially “in play” via a takeover, but it does have significant activist interest. IFM Investors has steadily increased its stake—from around 29.9% to approximately 32.6%, using the “creep” provision.

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09/05/2025 09:19

Atlas Arteria Ltd (ALX) $5.22

Global toll road operator ALX gained +1.75% on Thursday, a few cents below its one-year high. It's had issues in the  last few years, but while interest rates are set to fall, the stock looks well-positioned:

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30/04/2025 09:41

AIC Mines (A1M) 35c

A1M reported March quarter production results yesterday, with Eloise production at the bottom end of the target range for the period. However, total production over the first nine months leaves just 2,839t Cu to be produced in the Junq for A1M to meet the FY25 production target of 12,500t Cu at an All In Sustaining Cost (AISC) of A$5.25/lb, which means the full-year target is likely to be exceeded.

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27/03/2025 09:47

Atlas Arteria Ltd (ALX) $4.87

ALX is a global toll road operator managing a portfolio of high-quality international toll road assets, including APRR (Autoroutes Paris-Rhin-Rhône), Dulles Greenway, and Chicago Skyway in the US.

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06/03/2025 09:25

AIC Mines Ltd (A1M) 39c

A1M is a relatively small Copper mining company with a market cap. of ~$225mn, but unlike many of its small-cap peers, it's producing Cu and has money in the bank: 1H25 results showed a solid increase in earnings after a better half of production at their Eloise mine;

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21/02/2025 17:16

AIC Mines (A1M) 42.5c

A1M +4.94%: released 1H25 results that showed a solid increase in earnings after a better half of production at their Eloise mine. 

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17/12/2024 09:45

Atlas Arteria Ltd (ALX) $4.54

ALX is a global toll road operator managing a portfolio of high-quality toll road assets, including APRR (Autoroutes Paris-Rhin-Rhône), Dulles Greenway, and Chicago Skyway in the US. The stocks endured a tough 2024, falling over 20%, representing a “yield trap” in the process. Losses have significantly outstripped its 40c unfranked dividend.  A couple of the headwinds facing ALX should improve moving forward:

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10/12/2024 11:21

Emerging Companies Portfolio – Amendments

We are making several changes to the Emerging Companies Portfolio.

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11/10/2024 09:29

Atlas Arteria Ltd (ALX) $4.78

The owner of toll roads in France, Germany & the US has been struggling since interest rates started to increase in 2022, though budgetary pressures in France which is creating uncertainty around tax policy is also to blame, sending the shares down by more than -17% year-to-date.

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