BellPotter Marketing

WSA has entered into a Scheme Implementation Deed (SID) with IGO Limited (IGO, under review) under which IGO will acquire WSA for A$3.36/sh in cash, by way of a scheme of arrangement.

There is not much difference in the Chairman’s address, being about COVID-19 and work continues in respect of performance and future of the business.

There is no change to our Buy rating. We see NUF as better placed to navigate a normalisation in Australian demand levels, given recovering acreages in North America and Europe.

There is no change in our forecasts for Altium which we last updated in early November. We have updated the PT to $45.00 and downgraded our recommendation from BUY to HOLD.

We largely anticipated a vanilla AGM for DGL as the company begins working through the initial stages of integrating a combined seven new businesses ($69.5m), or 25 new sites, into its Trans-Tasman chemicals logistics network.

The Dec’21 ABARES crop report highlighted an east coast winter crop forecast of 29.1mt above last year’s previous high of 28.6mt.