Equities

NAB has announced the completion of its $2.5bn on-market share buy-back. In addition, it has also announced a further buy-back of up to $2.5bn. The total combined size is therefore $5.0bn.

NIC entered and subsequently exited a Trading Halt on Wednesday 9 March, following a 23% drop in its share price in morning trade on the ASX.

We have had a change in analyst for Flight Centre Travel Group (FLT) which was last published in Aug’21, resulting in a change to our forecasts and valuation.

PTM saw funds under management (FUM) lower at $21,118m, driven by outflows of $205m or 0.9% and a reduction due to market levels of $1,140 or 5.1%.

AKE reported underlying 1H FY22 EBITDA of US$98m (BP est. US$83m) and NPAT of US$57m (BP est. US$44m).

SHV’s recent AGM comments highlighted continued subdued almond market conditions and more elevated costs than we had previously allowed for.