The Ingenia Communities Group Ltd (ASX: INA) share price has come into focus as the company rejected a $4.75 per security takeover proposal from Warburg Pincus. Ingenia’s board believes the offer substantially undervalues the business and is not in the best interests of security holders.

What did Ingenia Communities Group report?

• Received an unsolicited, non-binding indicative proposal to acquire 100% of shares at $4.75 each
• The offer was subject to multiple conditions, including the abandonment of Ingenia’s proposed acquisition of Peet Limited
• Ingenia’s board determined the offer undervalues the company
• Ingenia remains committed to its current growth strategy and Peet acquisition

What else do investors need to know?

Ingenia’s Board, after advice from financial and legal advisers, concluded that the takeover offer was not in the best interests of security holders. The proposed deal from Warburg Pincus would have required Ingenia to halt its planned acquisition of Peet Limited.

The company continues to see strong opportunities in its land lease and holiday park business. Ingenia advises security holders that there’s no immediate need to take any action regarding the indicative proposal.

What’s next for Ingenia Communities Group?

Ingenia plans to press on with its proposed acquisition of Peet Limited and strategic growth in the seniors’ accommodation and holiday park sectors. Management remains focused on growing the business scale, efficiency, and delivering value for security holders. Ingenia has engaged UBS and Denison Partners as financial advisers and Gilbert + Tobin as legal adviser for further support.

Ingenia Communities Group share price snapshot

Over the past 12 months, Ingenia Communities shares have declined 35%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

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The post Ingenia Communities Group rejects takeover offer, backs growth strategy appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) blue-chip stock James Hardie Industries plc (ASX: JHX) could be one of the leading larger opportunities right now, according to one of the leading fund managers.

Experts at Wilson Asset Management manage the listed investment company (LIC) WAM Leaders Ltd (ASX: WLE), which aims to actively invest in larger ASX-listed businesses.

In other words, the investment team is willing to make investments and sales based on whether they think valuations are attractive.

WAM Leaders named James Hardie as one of its most compelling holdings right now.

What’s so appealing about the ASX 200 blue-chip stock?

The company describes itself as an industry leader in exterior home and outdoor living solutions, with a portfolio that includes fibre cement, fibre gypsum, and composite and PVC decking and railing products.

It’s a global business, with a presence in North America, Europe, Australia and New Zealand.

However, the company recently announced plans to sell its European operations, including the sale of Fermacell to Holcim for €840 million (or US$980 million).

The ASX 200 blue-chip share explained that proceeds will be used to “accelerate deleveraging and return capital to shareholders.”

James Hardie also said it intends to close its European fibre cement business, subject to customary legal, regulatory and employee (including competent works council) consultation requirements.

WAM noted that James Hardie Industries delivered a solid first quarter FY27 result.

The investment team said that the ASX 200 blue-chip share’s core North American fibre cement business returned to volume growth supported by continued market share gains. This contributed to an upgrade of the company’s full-year guidance.

The company guided that FY27 total net sales could be $5.564 billion to $5.723 billion, adjusted operating profit (EBITDA) is expected to be between $1.536 billion and $1.625 billion and free cash flow is expected to be at least $500 million.

What do the experts like about James Hardie shares?

WAM also said that the announcement of the divestment of the European operations during August allows the company to “sharpen its focus on its core growth markets while further deleveraging its balance sheet.”

The fund manager said that James Hardie Industries remains a core holding in the WAM Leaders investment portfolio, with the ASX 200 blue-chip share continuing to deliver above market growth through strong execution of cost and commercial synergies and ongoing market share gains, despite a subdued US housing market.

James Hardie shares could be one to watch, along with other potential opportunities.

The post Experts reckon this high-flying ASX 200 blue-chip stock is a buy appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Once a week, I like to look at ASIC’s short position report to find out which ASX shares are being targeted by short sellers.

That’s because I believe it is worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

With that in mind, listed below are the 10 most shorted shares on the ASX this week according to ASIC.

The top 10 most shorted ASX shares

DroneShield Ltd (ASX: DRO) remains at the top of the table with short interest of 15.4%, which is up week on week. The counter-drone technology company continues to attract plenty of attention from short sellers, possibly due to its valuation and the ongoing ASIC investigation.

Lotus Resources Ltd (ASX: LOT) has seen its short interest jump to 15%. Short sellers may still have concerns over the uranium developer’s funding requirements and the execution needed to deliver its growth plans.

4DMedical Ltd (ASX: 4DX) has short interest of 12.3%, which is down slightly week on week. The medical imaging technology company remains heavily shorted as investors weigh its significant growth potential against a very high valuation.

Domino’s Pizza Enterprises Ltd (ASX: DMP) has seen its short interest ease to 12%. Short sellers may be unconvinced that the pizza chain operator’s restructuring and store closures will be enough to restore strong earnings growth.

Treasury Wine Estates Ltd (ASX: TWE) has short interest of 11.8%, which is down slightly week on week. Weakness in parts of the global wine market and uncertainty around the company’s recovery continue to give short sellers something to focus on.

PLS Group Ltd (ASX: PLS) has 11.1% of its shares held short, which is broadly unchanged since last week. Short sellers may be expecting lithium prices to be under pressure, which would weigh on margins.

Zip Co Ltd (ASX: ZIP) has seen its short interest rise to 11.1%. The buy now pay later company’s strong share price recovery may have encouraged some investors to bet that expectations are becoming too optimistic.

Elders Ltd (ASX: ELD) has returned to the top ten with short interest of 10.9%. Short sellers may have concerns over rural spending conditions and the outlook for earnings growth across the agribusiness.

Paladin Energy Ltd (ASX: PDN) has seen its short interest fall to 10.7%. Despite this, short sellers may still believe expectations for uranium prices and future production are running ahead of reality.

Flight Centre Travel Group Ltd (ASX: FLT) has seen its short interest ease again to 10.6%. Short sellers may remain cautious on the travel agent due to margin pressure, consumer spending conditions, and disruption to international travel.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises and Treasury Wine Estates. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises, DroneShield, and Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended Treasury Wine Estates. The Motley Fool Australia has recommended Domino’s Pizza Enterprises, Elders, and Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.