Hi Everyone Welcome to this month’s edition of the Coffee Microcaps newsletter. It was a positive moment for the S&P/ASX Emerging Companies Index, which saw it close up 3.3%, although this lagged the S&P/ASX 200 Index, which closed up a robust 6.6% for November. However, one emerging trend is corporate activity in the microcap space due to depressed valuations. In recent weeks we have seen bids for Proptech (PTG), Janison Education (JAN), MSL Solutions and Mayfield Childcare (MYG), to name just some of the bids we have seen. Indeed these bids have, in some cases, come in at particularly big premiums to the last traded price and well over the 30% average premium normally associated with such M&A transactions. Hopefully, these corporate transactions can reignite investor interest in ASX microcap stocks as we move into 2023, as outsiders are clearly starting to see value on offer.
Coffee Microcaps November 2022 Newsletter
Coffee Microcaps November 2022 Newsletter
Coffee Microcaps November 2022 Newsletter
Hi Everyone Welcome to this month’s edition of the Coffee Microcaps newsletter. It was a positive moment for the S&P/ASX Emerging Companies Index, which saw it close up 3.3%, although this lagged the S&P/ASX 200 Index, which closed up a robust 6.6% for November. However, one emerging trend is corporate activity in the microcap space due to depressed valuations. In recent weeks we have seen bids for Proptech (PTG), Janison Education (JAN), MSL Solutions and Mayfield Childcare (MYG), to name just some of the bids we have seen. Indeed these bids have, in some cases, come in at particularly big premiums to the last traded price and well over the 30% average premium normally associated with such M&A transactions. Hopefully, these corporate transactions can reignite investor interest in ASX microcap stocks as we move into 2023, as outsiders are clearly starting to see value on offer.