What smart money is saying about Enero Group Limited
EGG.AX
No fund has written a full thesis on Enero Group Limited in our archive, but 1 fund letter reports a position in it, most recently TAMIM Fund Australia All Cap in June 2025.
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1
Reported positions
0
Bought
0
Sold
1
Letter
Position history
Every position in Enero Group Limited on record in the archive was reported in Q2 2025, across 1 fund letter, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2025 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 1 position
- June 2025
“Enero Group Limited (ASX: EGG) sold its 51% stake in OBMedia to minority shareholders for a nominal amount, incurring a non-cash loss of A$14–16 million. The divestment aligns with Enero’s strategy to focus on its high- performing agencies—Hotwire Global, BMF, and Orchard—to drive growth and value. Enero expects FY25 EBITDA at the upper end of its guidance ($22–26 million underlying, $18–20 million economic interest), fueled by new Australian client wins, strong cost control, and operational excellence. We believe the core business will generate $12-$14m of Ebitda in FY26. The company has in excess of $30m of net cash versus a market cap of $90m. With the OBmedia business divested - the potential poison pill to a takeover has been removed. We expect the company to be acquired at some point or for the stock to re rate towards our $1.50+ valuation as capital management initiatives are announced.”
Enero Group Limited
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