In today’s briefing:
- Boral (BLD AU): Seven Group (SVW AU)’s Best & Final Offer
- Bell Financial Group Ltd – Well Positioned for FY24
- Well positioned for FY24
- Globe Metals & Mining Ltd – Building a Niobium Supply Chain
Boral (BLD AU): Seven Group (SVW AU)’s Best & Final Offer
- Seven Group Holdings (SVW AU) holds 71.59% in Boral Ltd (BLD AU) and is looking to acquire the remaining shares at A$6.05/share via a mix of SVW stock and cash.
- The offer consideration ratchets higher to A$6.15/share if SVW’s aggregate shareholding reaches 80% and to A$6.25/share if SVW’s aggregate shareholding reaches 90.6%.
- Seven Group Holdings (SVW AU) is an addition to a global index at the end of the month and a drop in the stock post inclusion will affect Boral Ltd.
Bell Financial Group Ltd – Well Positioned for FY24
- Bell Financial Group Ltd (ASX:BFG) is a diversified provider of financial products and software solutions within, and increasingly outside, its traditional full-service stockbroking business.
- BFG reported FY23 NPAT of $24.3m, 5% below FY22 and 10% below RaaS estimates.
- A H2 FY23 miss in Technology & Platforms (down 8% against a H1 result +100%) was the major difference to RaaS estimates, with all other divisions trading in-line with generally challenging but improving trading conditions.
Well positioned for FY24
- Bell Financial Group Ltd (ASX:BFG) is a diversified provider of financial products and software solutions within, and increasingly outside, its traditional full-service stockbroking business.
- BFG reported FY23 NPAT of $24.3m, 5% below FY22 and 10% below RaaS estimates.
- A H2 FY23 miss in Technology & Platforms (down 8% against a H1 result +100%) was the major difference to RaaS estimates, with all other divisions trading in-line with generally challenging but improving trading conditions.
Globe Metals & Mining Ltd – Building a Niobium Supply Chain
- Globe Metals & Mining Ltd (ASX:GBE) is a Perth-based, Africa-focused resources company developing the Kanyika niobium project in Malawi, east Africa.
- GBE has been undertaking exploration and resource development activities at Kanyika since identifying niobium and tantalum mineralisation at the site back in 2007, and is now poised to bring the first niobium mine into production in more than 50 years and the first ever for Africa.
- The Kanyika niobium project has a mineral resource of 68Mt at 0.283% niobium based on approximately 33km of drilling.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
