National Australia Bank Ltd

• FF Forager Funds Management Forager Australian Shares Fund Monthly Report November 2023 ↗ Plenti secured a NAB auto-lending technology agreement that could produce fee revenue without deploying its balance sheet, while Gentrack and Catapult reported improving operations and cash generation. The fund exited Integral Diagnostics after losing confidence in its margin-recovery thesis and retained a stake in Whispir following Soprano’s takeover approach. November 2023 CAT $689MGTK $323MIDX $548M +1

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