Stocks of the Hour: Sydney Airport, AusNet & Charter Hall Long WALE REIT

Company News

by Lauren Evans

Sydney Airport (ASX:SYD) faced another challenging month in August after continued border restrictions and stay-at-home-orders in NSW. The airport took 51,000 passengers under its wing in August, down 98.6 per cent from 2019. Shares in Sydney Airport  (ASX:SYD) are trading 1.1 per cent lower at $8.21.

Global infrastructure investor Brookfield has made a revised non-binding offer to buy all shares in AusNet (ASX:AST) at $2.50 per share. The energy giant has decided to provide Brookfield the opportunity to conduct due diligence, in order to put forward a binding offer. Shares in AusNet (ASX:AST) are trading 18.7 per cent higher at $2.35.

Charter Hall Long WALE REIT (ASX:CLW) and a Charter Hall managed trust on behalf of Hostplus have entered into a $1.68 billion deal to buy ALE Property (ASX:LEP). Under the transaction, Charter Hall and its capital partner Hostplus will both own 50 per cent of ALE’s assets. Shares in Charter Hall Long WALE REIT (ASX:CLW) are trading 3.5 per cent lower at $5.09.

Click on the ASX code for the full story.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.