Golden Energy (GER SP): DSS Vote on 2 May; Appraiser Unconvincingly States that Offer Is Fair
The DSS appraiser (unsurprisingly) opines that the Widjaja family offer is fair. However, the valuation is flawed. Our SoTP valuation is S$1.29 per...
574 Views
Weekly Deals Digest (26 Mar) - Toshiba, Toyo, Healius, Mincor, Rakuten Bank, SBI Sumishin, Harita
Last week, notable developments occurred in Event-Driven (Essential, Estia, Healius, Mincor, Nitro, Jiangnan, Toshiba, Toyo, Golden Energy) and ECM...
509 Views
Golden Energy: Offer Bumped. Still Insulting
No matter how you slice it, the bump is petty. GEAR's "rump" is currently worth at least S$0.63/share. Terms have not been declared final. Buy at...
592 Views
Merger Arb Mondays (20 Mar) - Toshiba, AAG Energy, Tyro, Newcrest, InvoCare, Pushpay, Golden Energy
This week, the highest gross spreads are VNET (153%), 111 (35.1%), Alliance Aviation (34.2%), Genesis (24.0%), Newcrest (12.9%), AAG Energy...
453 Views
Golden Energy (GER SP): Revised Offer Is Still Not Good Enough
The revised offer remains light but has not been declared final. The key issue remains that the revised offer does not reflect the fair value of...
577 Views