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ASX Live Coverage – May 26
Welcome to our live coverage of the ASX for Monday, May 26. We are eager to share this new format with you. Remember to refresh the page manually for the latest updates, and don’t hesitate to provide feedback on how we can improve your experience.
Market Insights
[8:55 AM] There are several speculative merger and acquisition (M&A) opportunities making headlines this morning:
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SGH: CFO Richard Richards visited Whyalla Steelworks; however, no decisions regarding a potential bid have been made. Read more here.
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A2 Milk: The company indicated that M&A possibilities were discussed during its first-half FY25 earnings announcements, with potential acquisitions in the manufacturing sector. More details available.
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Bellevue Gold: Companies such as Northern Star, Evolution Mining, and Regis Resources are showing interest in a possible acquisition of Bellevue Gold. Read more.
- Nufarm: Following a decline in share prices, there are discussions regarding potential takeover offers for its Seed Technologies unit. Find out more.
Featured Articles from Livewire
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The Market Always Wins: Andrew Mitchell from Ophir Asset Management highlights that uncertainty in US policy and rising bond yields point towards a lower-growth environment. He emphasises the increasing value of companies with resilient earnings growth during this time, turning his focus on small- to mid-cap firms like Bravura, which are well-managed and utilise mission-critical technology.
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Identifying Genuine Winners: Qiao Ma from Munro Partners asserts that less than 5% of publicly-listed companies can be considered true "winners". These are characterised by excellent management, strong customer perception, and the capability of doubling earnings every five years. Munro employs a detailed growth-focused approach, evident in their selection of high-conviction options such as Axon Enterprise amidst market fluctuations.
- Catapult’s Remarkable Journey: Under CEO Will Lopes, Catapult achieved a remarkable 260% rise in the past year. With 19% revenue growth to US$116 million and positive cash flow of US$8.6 million in FY24, the company is now focusing on high-margin software solutions in the SaaS-based sports technology sector, seeking to establish a billion-dollar recurring revenue model by serving elite global sports teams.
Market Overview
[8:40 AM] US stocks have reportedly encountered continued pressure, largely due to concerns surrounding tariffs:
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President Trump recently indicated that talks with the EU were stalled, leading to the implementation of a straight 50% tariff on the bloc, initially set for June 1 but extended to June 9.
- Trump also urged Apple to relocate iPhone manufacturing to the US to avoid facing a 25% tariff.
Good Morning!
[8:40 AM] The S&P/ASX 200 futures are reflecting a decrease of 22 points (-0.35%) following the S&P 500’s fourth consecutive decline due to concerns over tariffs.
If you’re new to our blog, take a moment to catch up with today’s Morning Wrap.
