Abacus calls in bankers | Stripe eyeballs Tyro | Peter Lee rival survey drops

Good evening,

ASX-listed industrial property player Abacus Group, which nearly two years ago dreamt of a big value unlock and demerged its self-storage properties as the Abacus Storage King REIT, has called in its long-time advisers as its offshoot deliberates an unsolicited bid.

Abacus Storage King has a bid from its majority shareholder.

Sources said Abacus Group is taking advice from Morgan Stanley, which engineered the demerger alongside Barrenjoey and has been asked to pick through its carcass.

It comes after Abacus Storage King on April 7 fielded a $1.9 billion scheme bid from its 59.47 per cent shareholders, South African billionaire Nathan Kirsh’s family office Ki Corporation and NYSE-listed giant Public Storage.

Read the full story tomorrow and more on the Street Talk page.

Peninsula told investors it had 476,000 pounds in contracted sales for 2025 and estimated it could deliver 600,000 pounds by November. The stock is in a trading halt pending a review of operations and an expected production guidance downgrade.

The Australian sharemarket closed at a two-month high on Tuesday, shrugging off a volatile session on Wall Street as hopes that US President Donald Trump will ease tariffs coincided with expectations of cooling inflation in Australia.

Click here for the latest equity market wrap.