BellPotter Marketing

Equities Industrials

12 December 2023

IPD Goup (IPG): Lightning in a bottle

IPD has announced the acquisition of CMI Operations for an upfront $92.1m and contingent consideration of up to $8.9m. Our revised PT is $5.75 (prev. $5.50) with our Buy recommendation remaining unchanged.

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Equities Resources

12 December 2023

Regis Resources Ltd (RRL): Hedge book overhang removed

RRL has announced the closure of its gold hedge book for a cost of A$98m. Our NPV-based valuation is up 3%, to $2.37/sh and we retain our Buy recommendation.

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Equities Technology

30 November 2023

Life360 (360): Better to be safe

We have reviewed our Life360 forecasts post the release of the 3Q2023 result a couple of weeks ago and made some minor adjustments. We maintain a Buy recommendation and have decreased our Price Target by 2% to $11.00.

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Equities Industrials

30 November 2023

IDP Education (IEL): O’ Canada

We have updated each valuation for IPD Education used in the determination of our PT for the forecast changes and recent market movements. We upgrade to a Buy recommendation and a price target of $27.00.

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