Ryan Lim

AMI Analysis: Aurelia Metals Q1 FY26 Quarterly Activities Report

Event: Aurelia Metals Q1 FY26 Quarterly Activities Report | Date: 2025-10-21 | Source: Aurelia Metals Investor Reporting Federation Ramp-Up Exceeds Expectations in Q1 FY26 Aurelia Metals released its Q1 FY26 quarterly activities report on 21 October 2025, highlighting strong operational performance across its Cobar Basin assets. Key production figures included 10.4koz

Upgrade Completed (22/10/25)

HUB Analysis: HUB24 Q1 FY26 Trading Update

Event: HUB24 Q1 FY26 Trading Update | Date: 2025-10-21 | Source: HUB24 Investor Centre Record Net Inflows Drive Accelerated Q1 FUA Growth HUB24 released its Q1 FY26 trading update on 21 October 2025, highlighting robust performance with Platform funds under administration (FUA) reaching $122.0 billion, up 33% year-on-year and 8.3%

S32 Analysis: September 2025 Quarterly Report

Event: September 2025 Quarterly Report | Date: 2025-10-21 | Source: South32 News and Media Strong Volumes and Guidance Reaffirmation Despite Mozal Uncertainty South32 released its September 2025 quarterly report on 21 October 2025, highlighting strong operating performance with a 12% increase in payable copper equivalent production at Sierra Gorda and a 33%

S32: Mining Transformer - Hermosa's Heavy Lift

South32 trades at 18% premium to $2.62 fair value with challenging risk-reward dynamics. ROIC 8.7% trails WACC 10.95%. High terminal dependency creates valuation uncertainty.

RZI: Micro-Investing Pioneer - Spare Change, Major Gains

BUY rating with $1.51 fair value vs $0.745 current price. Strong 8.1/10 quality score, 35-40% market share, 96% upside potential.

PPS: Wealth Platform Pioneer - Premium Positioning Pays Dividends

Premium wealth platform leader trading at 35% discount to $0.91 fair value, with 15.2% ROIC and 95% recurring revenue model targeting HNW growth.

JDO: SME Banking Specialist - Relationship Revolution or Overvalued Evolution?

Specialist SME bank with 16% loan growth and NPS +53, trading at $1.73 vs $1.01 fair value. Strong execution but overvalued at current levels.

HUB24: Wealth Platform Powerhouse - Ecosystem's Eating Everyone's Lunch

HUB24 rated ATTRACTIVE at $110.72 fair value vs $108.83 current price. 15% revenue CAGR, 28% ROIC, 9.0% market share with wide moat.

CXL: Industrial Decarbonisation Pioneer - Platform's Scaling, Policy's Paying

BUY rating with $0.98 fair value vs $0.485 current price (85% upside). Platform technology across $50bn+ TAM, 16% revenue CAGR, 80% grant success rate.

CWY: Waste Management Leader - Blueprint for Defensive Growth

Cleanaway trades at $2.87 vs $2.70 fair value, offering defensive infrastructure exposure with 25% market share, 24% EBITDA margins, and 8-10% expected returns.

AMI: Base Metals Miner - Federation's Firing, Cobar's Calling

Undervalued base metals producer with 232% upside potential. Fair value $0.63 vs current $0.19. Strong EBITDA margins 35.5%, net cash position, targeting 40kt copper equivalent by FY28.