Australasian Equities

Equity Research
Archive
Australasian Equities

Sample Reports | Old Reports | Not Current

Core

medium

Brookfield Knocking on the Door National Storage REIT (ASX: NSR) jumped +19.5% after receiving an unsolicited takeover proposal from a consortium of Brookfield and GIC. The potential A$4 billion buyout on the table highlights the strategic appeal of NSR’s dominant Australia–New Zealand self-storage network. The proposal is still early-stage, conditional, and far from guaranteed. The situation sits in a “watch this space” zone as the board weighs valuation, due diligence conditions, and the merits of staying the course with a standalone

SRG Global

Core

medium

A nice contract haul This week’s announcement of $650 million in new contract wins is a hallmark of SRG’s operational consistency. The immediate share price reaction was positive, but as the stock was only trading modestly below record highs, constrained. Effectively, the numbers reinforce the likelihood of hitting FY26 targets already baked in, and the market has become accustomed to solid execution from the company. Look past the headline number and focus on the composition of these wins, and in our

Generation Development Group

Core

medium

Shifting Gears for FY26 Generation Development Group (ASX: GDG), which fell -1.4%, is using FY26 as a turning point, shifting from integration to scalable, capital-light growth across managed accounts, tax-effective structures, and adviser technology. With the BlackRock partnership anchoring a push into model portfolios, GDG is positioning itself to capture rising demand for institutional-grade portfolio construction and more sophisticated advice tools. The company’s strategy leans into recurring diversified revenues, tighter cost control, and a stronger balance sheet, aiming for cycle-resilient earnings as FY26 progresses. In

Paladin Energy

Core

medium

Langer Heinrich Puts Wind in Paladin’s Sails Paladin Energy’s (ASX: PDN) 1Q26 result shows a company shifting gears from restart narrative to steady uranium producer, with stronger cash flow, a cleaner balance sheet, and a tightening contract book giving it firmer footing in a still-tight market. Higher sales, lower unit costs, and better pricing helped narrow losses sharply, while the cash position climbed to US$317 million despite ongoing investment, reinforcing both resilience and optionality. Operationally, Langer Heinrich continues to do the

Integral Diagnostics

Core

medium

Setting Its Sights on Steadier FY26 Growth Integral Diagnostics (ASX: IDX) heads into FY26 with clearer lines, steadier footing, and a leadership reset, aiming to turn merger synergies, stronger balance sheet metrics, and rising policy tailwinds into durable margin gains. After delivering a sharp FY25 rebound – marked by solid revenue growth, expanding EBITDA margins, and lower leverage – the group is shifting from integration mode to execution mode, leaning on teleradiology scale, AI-enabled productivity, and selective capital deployment to lift

Sonic Healthcare

Core

medium

A Clean Bill of Health for FY26 Sonic Healthcare (ASX: SHL) enjoyed a rally after a positive trading update at the company’s AGM. Revenue is rising across all major regions, recent acquisitions are already adding meaningful momentum, and the company’s push into higher-value diagnostics and radiology is broadening profit engines. In our last tech update on the 3rd of October, we noted that “Sonic has broken below key support just below $24 since our last update and resumed downward momentum. The 6-year lows

BHP

Core

medium

The Iron Shield and the Copper Sword BHP shares have proven resilient to the English High Court decision finding it liable under Brazilian law for the 2015 Fundão dam failure, a ruling that shifts the UK group action into its next phase and obliges the company to update provisions previously treated as contingent. The court upheld the validity of releases signed by roughly 240,000 of the more than 600,000 claimants, most of whom have already received compensation in Brazil. That narrows the

DroneShield

Speculative

high

Learning the Hard Way That Trust Cuts Both Ways DroneShield (ASX: DRO) is facing a steep credibility slide as insider share sales, a retracted contract announcement, and the sudden resignation of its US CEO have shaken investor confidence and raised governance concerns at a time when its counter-drone technology is already under scrutiny in key battlefield deployments. The company’s misstep in overstating a US order – followed by directors unloading nearly $70 million in stock before the correction – triggered a

About these archived stock reports

These are archived Fat Prophets equity research stock reports and share analysis. They do not constitute current investment advice, financial product advice, or a recommendation to buy, sell or hold any financial product. They are provided for historical reference only, and reflect the market conditions, company information, forecasts and opinions available at its original publication date. The information may no longer be current or applicable. Past performance is not a reliable indicator of future performance.

This is general information only and does not take into account your objectives, financial situation or needs. Before acting on anything in this report, you should consider its appropriateness to your circumstances and seek advice from a licensed financial adviser.

DISCLAIMER Fat Prophets has made every effort to ensure the reliability of the views and recommendations expressed in the reports published on its websites. Fat Prophets research is based upon information known to us or which was obtained from sources which we believed to be reliable and accurate at time of publication. However, like the markets, we are not perfect. This report is prepared for general information only, and as such, the specific needs, investment objectives or financial situation of any particular user have not been taken into consideration. Individuals should therefore discuss, with their financial planner or advisor, the merits of each recommendation for their own specific circumstances and realise that not all investments will be appropriate for all subscribers. To the extent permitted by law, Fat Prophets and its employees, agents and authorised representatives exclude all liability for any loss or damage (including indirect, special, or consequential loss or damage) arising from the use of, or reliance on, any information within the report whether or not caused by any negligent act or omission. If the law prohibits the exclusion of such liability, Fat Prophets hereby limits its liability, to the extent permitted by law, to the resupply of the said information or the cost of the said resupply.

Funds Management – In addition to the listed fund FPC, Fat Prophets Pty Ltd manages the separately managed accounts, namely Concentrated Australian Shares, Australian Shares Income, Small Midcap, Global Opportunities, Mining & Resources, and Asian Shares. These SMAs are managed under their own mandates by the fund managers, and this is independent to the research reports.

Staff trading – Fat Prophets Pty Ltd, its directors, employees and associates of Fat Prophets may hold interests in many ASX-listed Australian companies which may or may not be mentioned or recommended in the Fat Prophets newsletter. These positions may change at any time, without notice. To manage the conflict between personal dealing and newsletter recommendations the directors, employees, and associates of Fat Prophets Pty Ltd cannot knowingly trade in a stock 48 hours either side of a buy or sell recommendation being made in the Fat Prophets newsletter. Staff trades are pre-approved by an appointed staff trading compliance officer to ensure compliance with the staff trading policy.

For positions that directors and/or associates of the Fat Prophets group of companies currently hold in, please click here.