☕ 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.

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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:

  • EastLink tollroad is flush with $705m in new debt funding. (AFR)

  • Mortgage House and Resimac are next up in RMBS rush. (AFR)

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)

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