AFTER THE MARKET OPEN
Takeover offer: Symbio Holdings (ASX:SYM)
https://www.symbio.global/
- Is currently under takeover from Aussie Broadband (ASX:ABB). The offer is valued at $3.01. Symbio Holdings (ASX:SYM) have today announced they will pay a 35c special dividend. The interesting part is attached to that dividend will be 15c in franking credits. The current price of Symbio Holdings (ASX:SYM) is $2.96 so I’m not sure those franking credits are being factored in currently.
2. Ugly start. Market down 1.1%
BEFORE THE MARKET OPEN
Takeover speculation: Lynas Rare Earths (ASX:LYC)
https://lynasrareearths.com/
- This looks like being the big story in the resources space today.
2.Lynas Rare Earths (ASX:LYC)Â has been under pressure for a couple of years despite attracting a lot of hype from the investing community.
3. Despite all the hype, the reason for their rise and subsequent fall is pretty easy to explain. Neodymium is the name of the primary rare earth that they produce.
4. I’d say Lynas Rare Earths (ASX:LYC) will jump today on optimism that they are in play as a takeover target. Regardless, in the medium to longer term, there is only one thing that matters for them and that is the price of Neodymium which remains firmly in a well-defined down-trend.
5. Our market is expected to open weaker. The futures are down 54 points. This is despite another strong night in US on Friday night. US 10 year Bond yields rose sharply on the back of strong economic data. Countering the positivity in the US is the US and UK airstrikes in the Middle East.
Trading Update: NextEd Group (ASX:NXD)
https://nexted.com.au/
Update. Curious company to me. Numbers look ok to me but chart is abysmal. Revenue in line with guidance they say but chart says it wasn’t expecting that?
Contract win: John’s Lyng Group (ASX:JLG)
https://johnslyng.com.au/
Strong announcement from one of the better companies on the ASX this morning. Only question I have is how much is it going to cost? Do they already have the team and capacity in place to handle this? I suspect the market will ask that question later, not today.
Disclaimer: This information is provided purely for educational purposes. It takes no account of an individual’s personal financial circumstances and hence can in no way constitute financial advice. The above data may be subject to errors or inconsistencies for which the author takes no liability. It is imperative that all investors do their own research or if they need advice, seek it from a qualified financial adviser.
Feb 5, 2024