SPP announced this morning for Mayfield. They are looking at a new acquisition, and are confident it will close (by end of FY26!?). Not sure on that timing and no detail about what it is. But market liked it - share price now well over the SPP - trading $2.20 SPP at $1.90. Mayfield has had quite the run in the last year, as it starts to get some traction in the data centre market - runs with almost no debt (net cash) and good ROE, growth and margins coming through nicely. Owns a lot of its own IP, which I have always liked - and now has Ellerston on board.

Details of SPP announcement below...held IRL and SM.

New contracts and a special dividend announced this morning - looks like a lot of locked in revenue to 2028. Seems the business is travelling well. But what ever happened to the share buyback! Anyway, thesis I had is playing out pretty well - be nice to see some liquidity in the stock though...

Held IRL and SM.