AustraliaDaily Briefs

Daily Brief Australia: Pro Medicus Ltd, Paladin Energy and more

In today’s briefing:

  • MV Australia Equal Weight Index Rebalance Preview: One Add & A Few Deletes
  • Will the Paladin-Fission deal blowout?


MV Australia Equal Weight Index Rebalance Preview: One Add & A Few Deletes

By Brian Freitas

  • With 2 days left to review cutoff, there could be 1 inclusion and 3 deletions for the index at the September rebalance.
  • Even if there are no constituent changes, capping changes will lead to one-way turnover of 4.4% and a round-trip trade of A$212m.
  • The final list of inclusions/exclusions will depend on price movements till Friday and whether the index provider makes any significant changes to the free float of stocks in the universe.

Will the Paladin-Fission deal blowout?

By Money of Mine

  • Paladin and Fission uranium corp are in the process of trying to lock in a script merger
  • The date of the Paladin Fission scheme vote has been extended to September 9
  • Two thirds of votes cast in favor are needed for the merger to proceed

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


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