Quality: Good

AMI

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

Updated 22 Oct 2025

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.

View note

al3

AL3: Defence AM Pioneer - Certified Success, Overpriced Reality

Updated 20 Oct 2025

Fair value $0.051 vs current $0.24 implies 79% downside. Strong defence positioning overwhelmed by extreme valuation and persistent cash burn through 2030.

View note

ppt

PPT: Financial Services Transformer - Simplification's the Salvation

Updated 20 Oct 2025

Fair value $20.62 vs current $20.90. Corporate Trust moat with 45%+ margins. J O Hambro turnaround critical. Expected 3-year returns 2.5% annually.

View note

dro

DRO: Counterdrone Specialist - Flying High, Landing Hard

Updated 20 Oct 2025

Pure-play counterdrone leader trading at $4.99 vs $2.59 fair value. Strong growth potential undermined by working capital crisis and 85% execution failure probability.

View note

xrf

XRF: Analytical Equipment Specialist - Peak Performance, Peak Peril

Updated 20 Oct 2025

Analytical equipment manufacturer trading at $2.12 vs $1.21 fair value. Strong Q1 growth but unsustainable 27.6% EBITDA margins face inevitable compression.

View note

fid

FID: Integrated Wealth Platform - Quality Execution Meets Transition Complexity

Updated 20 Oct 2025

Fiducian trades at $12.57 vs $11.84 fair value with 52.1% ROIC and 7.2/10 quality score, managing platform transformation amid legacy business decline

View note

ilu

ILU: Mineral Sands Giant - Crisis Management Meets Critical Minerals

Updated 17 Oct 2025

HOLD rating with $5.25 fair value vs $8.10 current price. Quality mining operation with validated crisis management and rare earths transformation potential.

View note

ngi

NGI: Alternative Asset Powerhouse - Flight to Quality Creates Exceptional Opportunity

Updated 17 Oct 2025

Alternative asset manager trading at $2.16 vs $5.60 fair value (159% upside) with record AUM growth and operational excellence validation

View note

qfe

QFE: Professional Services Lender - Transformation Complete, Value Creation Commences

Updated 17 Oct 2025

Pure lending specialist with A$0.446 fair value vs A$0.115 current price, 18.5% ROIC, A$35.8M cash, 74% margin of safety

View note

sgp

SGP: Property Development Giant - Excellence Validated, Valuation Elevated

Updated 17 Oct 2025

HOLD rating with $4.53 fair value vs $6.43 current price. Strong Q1 operational performance validates management execution but creates 29.5% overvaluation concern requiring exceptional execution for positive returns.

View note

boq

BOQ: Regional Banking Specialist - Digital Transformation at a Discount

Updated 15 Oct 2025

Regional bank transformation trading at 29% discount to $9.31 fair value, with specialist banking margins and digital execution driving value creation through operational leverage.

View note

twe

TWE: Luxury Wine Transformation - Execution Overwhelm Derails Premium Dreams

Updated 15 Oct 2025

Treasury Wine Estates faces material execution challenges with fair value $4.68 vs current $6.835, implying -32% overvaluation amid China weakness and operational bandwidth constraints.

View note