Does MM like ABP & TLG?

Hi Mike,

Obviously, our comments below have no reflection on whether you hold the stock and if so where from, we don’t give personal advice at MM. We have briefly commented on both companies below, note we don’t hold either:

1. Abacus Property Group (ABP) $3.06 – ABP rallied +7.4% on Thursday after announcing a net profit of $84.5mn while its dividend rose to 9c unfranked. However, it was the potential spin-off of its $3bn Storage King Brand into a listed property trust that excited investors. The move should help unlock some inherent value for ABP shareholders who have seen the stock trade at a steep discount to its asset values – we like ABP following this news.
2. Talga Group Ltd (TLG) $1.77 – this $593m battery anode and graphene additive products business is unchanged in over 2 years and at this stage we see no catalyst on the horizon to consider the stock, importantly however, this is not a stock we follow closely and there would be better sources of insight here than we can offer I’m afraid.

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Abacus Property Group (ABP)

LAST UPDATED 16/02/2023 15:09

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Abacus Property Group (ABP)

LAST UPDATED 16/02/2023 15:09