In this Australian Investors Podcast episode, your host Owen Rask is joined by Ben Richards and Luke Laretive (Seneca) to discuss:
– RPM Global’s proposed sale and why strategic buyers like Caterpillar can pay more than private equity
– How to spot real edge (analyst coverage, management alignment, index inclusion, data rooms)
– Defence‑stock hype: DroneShield and Elsight vs business fundamentals
– Listener Q&A on Smart Parking, Chrysos and Objective Corp
If you love learning about ASX investing and takeovers, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube! Follow us on Instagram and TikTok for more investing insights.
~~Topics Covered~~
– RPM Global (ASX:RUL): thesis to (likely) takeover, valuation vs strategic value, and what we learned
– Why low broker coverage and founder/insider alignment can be real signals
– Defence thematics vs businesses: DroneShield (ASX:DRO) & Elsight (ASX: ELS)
– Merger arb: when 5–10% isn’t worth it (and when it might be)
– Quick takes: Smart Parking (ASX:SPZ), Chrysos (ASX:C79) and Objective Corp (ASX:OCL)
– Emerging markets exposure via Seneca Global Equity SMA
– Final thoughts: process over punts, portfolio construction, patience
~~Resources for This Episode~~
- Seneca Small Cap fund
- Good Research (register interest for subscription)
~~Rask Resources~~
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📋 Get Financial Planning
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📜 Access Show Notes
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DISCLAIMER
This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it.
If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here.
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