Link – Algo Buy

Link Administration Holdings is now under Algo Engine buy conditions.

Link Administration Holdings Limited (ASX: LNK) (Link Group) refers to its announcement dated 7 December 2020 advising that it had received a conditional, non-binding indicative proposal from SS&C Technology Holdings (SS&C) to acquire 100% of the shares in Link Group
(SS&C Proposal).

On 3 January 2021, Link Group received a letter from SS&C stating it has withdrawn its SS&C
Proposal.

The Link Group Board will continue to consider all alternatives to maximise value for shareholders. As previously announced, this includes a potential separation by way of demerger of Link Group’s interest in Torrens Group Holdings (TGH) (and its core asset, PEXA).

Link Group will also explore a trade sale of its interest in TGH from 18 January 2021.

XJO – Review

The XJO is under Algo Engine buy conditions and we’ve shuffled the support up to 6590. A break below this may suggest that the defensive basket of BBUS, BBOZ & SNAS should be under consideration.

Biden to officially introduce his stimulus plan on 14-Jan