With Elijah Hollands officially delisted, I was looking back at the domino effect of that 2023 trade.

If we never did the deal with Gold Coast, we would have kept Pick 26 instead of sliding down to Pick 28 (which became Pick 34 after bids).

Brisbane ended up snapping up Logan Morris at Pick 31. Since we had Pick 29 (Moir) and Pick 34 (Wilson) right in that exact window, we easily could have taken Morris at 26 before Brisbane ever had a chance.

Obviously, the massive silver lining of sliding to 34 was landing Billy Wilson, who has been incredible for us. But given how badly the Hollands trade burned us and cost us a premium Essendon future pick, it makes you wonder.

Do you think our recruiters were genuinely looking at Morris at the time? If you could go back, would you take Morris at Pick 26, or are you just happy we walked away with Billy Wilson despite the Hollands mess?

Looks like the ongoing corporate courtship between Ingenia Communities Group (ASX: INA) and Peet Limited (ASX: PPC) is about to cross the finish line.

According to recent reports in The Australian, Ingenia is on the verge of locking in a massive buyout offer valued at north of $900 million for the Perth-based residential developer.

The market has been tracking this since they entered a trading halt back in July. Peet has been running a sales process through Goldman Sachs for months, and it seems Ingenia CEO John Carfi (ex-Mirvac and Lendlease) has found a way to bridge the funding gap.

The numbers and the execution strategy are wild given the current macro environment:

• The Premium: Peet’s stated Net Tangible Asset (NTA) value sits around $1.44 per share. However, major shareholders have reportedly been holding out for over $2.00 per share. PPC has recently traded around $1.75 to $1.80 on takeover speculation, meaning Ingenia is paying a significant premium for the developer's land holdings.

Keen to get the sub's thoughts... especially anyone holding INA or PPC.

Hey guys,

Been digging into a few ASX names that all seem to have solid underlying fundamentals, but I’m struggling with whether current valuations still make sense given the macro backdrop.

• James Hardie (JHX)
• EBOS (EBO)
• Sonic Healthcare (SHL)
• Aristocrat Leisure (ALL)

My overall thinking

These companies all have genuinely strong fundamentals (cash flow, margins, market position), but:

• Multiples still look elevated
• Macro tailwinds are weakening (housing, consumer, post-COVID normalisation)
• Market seems to be pricing“quality premium” pretty aggressively

Hi All, Peet Limited (ASX:PPC) has been in the headlines for its ongoing strategic review led by Goldman Sachs. There are rumors that it will be acquired by a major player in the industry. Do you think it is time to get in?

PEET and Ingenia communities are on the news once again.. Do you think it is best time to invest?

Hi All, Peet Limited (ASX:PPC) has been in the headlines for its ongoing strategic review led by Goldman Sachs. There are rumors that it will be acquired by a major player in the industry. Do you think it is time to get in?