In today’s briefing:
- Cuscal Pre-IPO – The Positives – Monetising Its Connections and Benefiting from Tailwinds
- Cuscal Pre-IPO – The Negatives – Margins Have Declined and Growth May Be Capped
- ADX Energy Limited (ASE: ADX): Two high impact wells to commence drilling by YE23
Cuscal Pre-IPO – The Positives – Monetising Its Connections and Benefiting from Tailwinds
- Cuscal Limited (1229Z AU) is looking to raise US$234m in its upcoming Australia IPO.
- Cuscal is an authorized deposit-taking institution (ADI) in Australia that primarily provides financial infrastructure and payment services in Australia.
- In this note, we will talk about the positive aspects of the deal.
Cuscal Pre-IPO – The Negatives – Margins Have Declined and Growth May Be Capped
- Cuscal Limited (1229Z AU) is looking to raise US$234m in its upcoming Australia IPO.
- Cuscal is an authorized deposit-taking institution (ADI) in Australia that primarily provides financial infrastructure and payment services in Australia.
- In this note, we will talk about the not so positive aspects of the deal.
ADX Energy Limited (ASE: ADX): Two high impact wells to commence drilling by YE23
- ADX is expected to start drilling the Anshof-2 appraisal well in November.
- The Anshof-1 well will then be drilled in Q2 or Q3 24 increasing gross production from the Anshof field to ~1,000 bbl/d with three wells (500 bbl/d net to ADX).
- MND has already paid ADX A$3.2 million for past costs and long lead drilling expenditures.
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