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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27/09/2024 09:09

Atlas Arteria Ltd (ALX) $4.87

For subscribers not familiar with ALX, it was established following the 2010 split of Macquarie Infrastructure Group (MIG) into two separate ASX-listed securities. ALX's two main international toll road assets are Autoroutes Paris-Rhin[1]Rhone, APRR (France, 31%) and Chicago Skyway (US, 67%).

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26/07/2024 10:12

Emerging Companies Portfolio – Amendments

We are making several changes to the Emerging Companies Portfolio today, repositioning towards stocks we believe offer a better mix of quality and leverage to the themes we remain confident in

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24/07/2024 09:17

AIC Mines (A1M) 33.5c

A1M is an up-and-coming Australian copper producer with a market capitalisation of around $200m, with $74m cash in the bank. While small, it is producing from the Eloise copper mine – a high-grade operating underground mine located in North Queensland currently producing 13,400 tonnes of copper at A5.15/lb and is set to ramp up production meaningfully over the coming years via the expansion of the Eloise processing plant and extension of current life of the operation through the development of another deposit known as Jericho, located 4kms from Eloise. They also have additional exploration assets in New South Wales and WA.

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19/07/2024 09:23

Atlas Arteria Ltd (ALX) $5.12

Atlas Arteria (ALX) was established following the Macquarie Infrastructure Group (MIG) split. The company's two main international toll road assets are Autoroutes Paris-Rhine Rhone and Chicago Skyway. The latest traffic and toll revenue have not changed our outlook. Following several months of share price weakness, we see some valuation support, particularly from a yield of ~7.8%.

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18/06/2024 09:19

Atlas Arteria Ltd (ALX) $4.70

ALX dropped another 2.3% on Monday, extending its fall year-to-date to 18.7%. For subscribers not familiar with this often ignored, ASX200 transport company ALX was established following the split of Macquarie Infrastructure Group (MIG) into two separate stocks more than a decade ago. ALX's two main international toll road assets are Autoroutes Paris-Rhin Rhone, APRR (France, 31%) and Chicago Skyway (US, 67%).

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