☕ Hump day

Good morning. It's almost been a year to the day since Russia invaded Ukraine. Here's some stats on the cost of the war:

Good morning. It's almost been a year to the day since Russia invaded Ukraine. Here's some stats on the cost of the war:

  • An insane 19m Ukrainians have been forced to flee the country

  • The Ukraine economy shrank by 30%

  • Over 100k lives have been lost on both sides of the battle.

LOI Subscriber #TBD

MARKET MOVERS

*Stock data as of the market close. Commodities and crypto data in USD.

Market news: Johns Lyng, the building services company, has crushed smashed earnings season after reporting EBITDA grew 63% while also upping their full-year revenue guidance by 11%

TRADING FLOOR

M&A:

  • Alludo effectively locks in a 13% stake in Nitro Software as it battles with Potentia to acquired the company. (AFR)

  • Glass Lewis and ISS have blessed the NZ$1.34/sh bid for Pushpay by BGH and Sixth Street. (AFR)

  • Allegro Funds is homing in on a deal to acquire Slater & Gordon for about $150m. (AFR)

  • Star Entertainment Group is in talks with Oaktree about securing a near-term capital injection. (AFR)

    • Star Entertainment Group is in search of a way to ease debt levels. (The Australian)

  • BHP will sell more Australian coking coal mines as it reported a 32% decrease in its half-year profits. (AFR)

  • Singapore-based company, Tat Hong Holdings, is considering selling its Australian business. (AFR)

  • QMS is believed to possibly attempt to offload not too far away. (The Australian)

Capital Markets:

  • Red 5 is raising another $80m in fresh equity. (AFR)

  • Aitken Mount and Taylor Collison launched a placement for Cokal. (AFR)

  • Tyro's suitor, Potentia Capital is doing the rounds with debt financiers to line up funding for their bid. (AFR)

  • Tribeca’s seeking to raise $50m for its ASX-listed Tribeca Global Natural Resources. (AFR)

  • PetSure was identified as a float candidate. (The Australian)

VC:

  • None

Others:

  • Marten Peck, Dan Bennett and Mike Ferrari have teamed up to launch a venture fund aimed at bolstering Australia’s sovereign capabilities.  (AFR)

  • Ingenia’s lower-than-expected profit results is likely to be unwelcome news for retirement village operators on the market. (The Australian)

  • Helia once again has its eyes peeled out for a bumper dividend. (AFR)

THE QUICK SYNC

TOGETHER WITH POWER WRITING

The way you write has a huge effect on your job... yet no one ever teaches us how to write for work.

In fact the last time you probably ever received any formal training on how to write was in high school English class. But work is nothing like Year 12 English.

That's especially true in this new modern world where:

  • Attention spans are shrinking.

  • People's habits are shifting.

Learn the techniques to be concise and precise so you get promoted.

THE WATERCOOLER

THE TRADE

  • Investment Associate, Ventures — IAG (Learn More)

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