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- ☕ Big earnings day
☕ Big earnings day
Good morning. A few big earnings announcements to watch for today with BHP, Coles and Seek among 60 others to report. The full list here.
Good morning. A few big earnings announcements to watch for today with BHP, Coles and Seek among 60 others to report. The full list here.
LOI Subscriber #TBD
MARKET MOVERS
*Stock data as of the market close. Commodities and crypto data in USD.
Market news: As part of their half-year results, nib announced a couple more acquisitions in the NDIS space — picking up Peak Plan Management and Connect Plan Management.
nib raised $160m last year to help fund a roll-up of NDIS players and is making swift moves for a large listed company having now made 3 acquisitions totalling $108m
TRADING FLOOR
M&A:
NXT Building Group acquires Arden Homes for an undisclosed price. (AFR)
Magnis Energy is understood to have a binding offtake deal with Tesla (AFR)
Steve Parsons, the outgoing managing director, is understood to be selling half of his stake in Bellevue Gold. (AFR)
Mirvac has taken a stake in The DOM as a part of a strategic partnership. (AFR)
BHP’s $2bn coalmines sales process is about to kick off. (The Australian)
Wesfarmers is said to have also been looking at Patriot Battery Metals. (The Australian)
Capital Markets:
VC:
Partnar, a B2B marketing partnerships platform, has raised $200K in a Seed investment from Skalata Ventures. (StartupDaily)
Antler Australia ups valuations in early-stage startup by 20% also upping its pre-Seed investment to $225K. (StartupDaily)
Others:
Platinum Asset Management stays silent until CEO Andrew Clifford the investors on Wednesday. (AFR)
Telstra is to provide the NBN with access to Telstra infrastructure over a minimum 35-year period. (The Australian)
Ampol may have staged a strong result but weighing on the mind of management will still be its growth in the future. (The Australian)
THE QUICK SYNC
💻 Meta’s launching $12 per month paid verification on Instagram and Facebook
📈 China formalizes rules for overseas IPO
🔎 Top Chinese investment banker Bao Fan is latest CEO to go missing
👀 Cybersecurity firm Darktrace hires EY to review financial processes after damning short seller report
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