slc
SLC: Telco Challenger - Platform Promise, Premium Problem
Updated 8 Oct 2025
SELL rating with fair value $2.17 vs current $3.28. Strong platform economics validated but 51% overvaluation unsustainable.
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rff
RFF: Agricultural REIT Pioneer - Water's Worth More Than Gold
Updated 8 Oct 2025
Australia's only pure-play agricultural REIT trades 12% below $2.16 fair value with 6.1% yield, though refinancing risk at 15.5x leverage creates execution dependency
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PWR: Automotive Retailer - Chinese Whispers and Cyclical Recovery
Updated 8 Oct 2025
Deep value opportunity trading at $1.84 vs $6.51 fair value. Chinese brand expansion and margin recovery from cyclical trough. High risk, high reward.
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PNC: Debt Recovery Specialist - Profits Without Cash, Problems Without End
Updated 8 Oct 2025
Pioneer Credit analysis: SELL rating, fair value $0.44 vs current $0.59. Structural negative FCF despite profitability, 6.9x leverage approaching covenants.
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NSR: Self-Storage Supremo - Pipeline Dreams, Refinancing Nightmares
Updated 8 Oct 2025
Market leader with 26% share trading at $2.47 vs $1.66 fair value. Strong growth trajectory offset by execution risk and unsustainable 75.5% margins.
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MND: Engineering Services Provider - Peak Margins, Perilous Position
Updated 8 Oct 2025
Engineering services provider trading at $20.22 vs $11.62 fair value with EBITDA margins at unsustainable 7.0% peak facing labour cost pressures
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MGR: Property Platform Powerhouse - Leverage Trap Lurking Beneath
Updated 8 Oct 2025
Mirvac Group analysis reveals 73% downside to fair value of $0.73 despite quality assets, driven by unsustainable 5.7x debt/EBITDA leverage and negative free cash flow through FY32.
View notehsn
HSN: Billing Software Specialist - Premium Price, Commodity Future
Updated 8 Oct 2025
Hansen Technologies trades at $6.04 versus fair value of $4.87, with 28.4% EBITDA margins compressing to 25.3% as competitive moats narrow over 5-7 years.
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GTN: Traffic Info Specialist - Caught Between Tradition and Disruption
Updated 8 Oct 2025
Trading at $0.41 vs $0.65 fair value. 9%+ dividend yield, 6.8x EV/EBITDA vs 9.5x peers. Technology disruption risks offset by defensive positioning.
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EVN: Gold Mining Giant - Peak Performance, Perfect Storm
Updated 8 Oct 2025
Evolution Mining analysis reveals fair value $2.49 with deteriorating outlook. Strong operations face commodity normalisation and margin compression over forecast period.
View notedmp
DMP: Pizza Franchise Giant - Extreme Discount, Extreme Opportunity
Updated 8 Oct 2025
Trading at 79% discount to peers following aggressive restructuring. Fair value $21.11 vs current $15.19 implies 39% upside for turnaround execution.
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AHL: Industrial Manufacturer - Squeezed in the Middle, Searching for an Edge
Updated 8 Oct 2025
Adrad Holdings: Fair value $0.95 vs current $0.66 (44% upside). HOLD rating. Industrial manufacturer with 4.9% market share, 10.8% EBITDA margins compressing, ROIC 6.4% destroying value. Data centre exposure offset by Asian competition and execution risks.
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