In today’s briefing:
- Atlantic Lithium (A11 AU) Knocks Back Major Shareholder’s Offer. Again
- SSH Group Ltd – Restructured and Poised to Deliver
Atlantic Lithium (A11 AU) Knocks Back Major Shareholder’s Offer. Again
- Livent (LTHM US)‘s CEO recently said, regarding its merger with Allkem Ltd (AKE AU), that while falling lithium prices put pressure on marginal producers, the sector’s fundamental outlook remains strong.
- And so, another week goes by, and another lithium Offer Down Under unfolds.
- African-Focused lithium play Atlantic Lithium (A11 AU) announced this morning it has twice rejected Offers from South African-based Assore International, its major shareholder. Shares spiked 43% on the news.
SSH Group Ltd – Restructured and Poised to Deliver
- SSH Group (ASX:SSH) is a labour and equipment hire business operating predominantly in Western Australia with a focus on the key growth sectors of construction, resources, and energy.
- SSH listed in September 2021, issuing 31.25m shares at $0.20/share to raise $6.25m, along with the issue of 20.5m shares to the vendors of a labour-hire group of companies, Site Services.
- In May 2022, SSH acquired equipment hire group KMH for $15m or 3.9x FY21 EBITDA.
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