In this episode of Virtually Live, Shannon Rivkin covers: Aurelia Metals (AMI), franking credits, market buy-backs, the Federal Budget, Mcmillian Shakespeare Ltd (MMS), Elmo Software Ltd (ELO), Pilbara Metals Ltd (PLS), Southern Cross Payments Ltd (SP1), and Medibank Private (MPL).
In this week’s show
- 0:30 – General economic update
- 2:45 – Q1: What do you think about Aurelia Metals? It has been sold down for no apparent reason.
- 5:14 – Q2: I notice in the budget that franking credits have now been disallowed from off-market buy-backs as from budget night. Can you explain the effect if any this has on the MMS buyback? Hopefully, this was already in train and therefore exempt. As far as I can see, there is no backdating as was mooted at one stage which is one positive.
- 6:59 – Q3: You have listed ELO in a recent Event Portfolio video update as a “potential” opportunity and “…hope it will proceed to a binding offer”. I thought it had entered a “Scheme Implementation Arrangement”, so there is a binding deal? My understanding is, that there are only the customary conditions attached and I did not see any reference to “due diligence”. Am I wrong
- 9:43 – Q4: Can you please give your views regarding Pilbara Metals Ltd (PLS) and Southern Cross Payments Ltd (SP1)?
- 14:13 – Q5: MPL has dropped significantly since their data breach was announced and I’m wondering if this is an overreaction. Could MPL be a short or long-term term buy at these prices?
Listen to the audio version
