Ideas

Eagers Automotive released a trading update and provided 1H2022 guidance of underlying operating PBT b/w $183-189m which is 12-15% below the pcp on a like-forlike basis (i.e. excluding the Daimler Trucks contribution in 1H2021).

COE has released updated details of its near-term Otway Basin development plans, outlining a path to more than double existing output and extend the project’s life.

AIS has entered into a binding agreement with Washington H. Soul Pattinson (WHSP), to acquire Round Oak Minerals (ROM) for total consideration of $234m.

Technology One is scheduled to report its 1HFY22 result on Tuesday, 24th May and we anticipate a solid result with forecast low double digit revenue and PBT growth.

UMG has provided a FY22e trading update which includes FY22e EBITDA guidance, 1H22e EBITDA guidance and balance sheet.