BellPotter Marketing

Nitro announced it has entered into a binding agreement to acquire Connective NV for an EV of €70m (~US$81m). Connective is Belgium’s leading eSign SaaS business with fast growing market share in France and customers in 11 other European countries.

Mineral Resources (MIN) achieved good production performance, announced commercial production from the Kemerton lithium hydroxide plant by mid-2022, and that mining would restart at the Wodgina lithium mine in Q1FY23.

Avita Medical (AVH) announced that the Centre for Medicare/Medicaid (CMS) has approved a new reimbursement code that will provide separate payment for Recell devices used in the outpatient setting.

The price target is lowered by 4% to $26.00 (previously $27.10). Given a 12-month TSR of less than 15%, we maintain a Hold rating for WBC.

ERD released a mixed 2Q22 trading update, with impressive unit growth in NZ and Australia, overshadowed by a disappointing result in the US.

NAB will report its FY21 result on Tuesday 9 November and we elaborate our on our forecasts