National Storage stake snapped up; More Speedcast woes; Womenswear chains' contrasting fortunes

Good evening,

Most investors have been wary of taking new positions in companies over the past month, as the market waits for the coronavirus equities rout to bottom out.

But not this next player.

Street Talk can tonight reveal which ASX-listed property giant has snapped up a stealth stake in on-again, off-again takeover target National Storage REIT.

Just last week US suitor Public Storage walked away from its $2.40 a share indicative bid for National Storage and this new shareholder has wasted no time in getting its toe on the register.

Meanwhile, we check back in on Speedcast's woes after more of its debt stack crossed the market on Friday night.

And finally, we take a look at two womenswear retailers. One is in voluntary administration and is seeking a buyer, and the other is in the market for a growth partner.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd

Street Talk Editors