Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/bhp-group-ltd-3d29a5a1-abbf-485d-86d8-c7106582b240" target="_blank" data-smartkarma-citation="entities:5424:1" rel="noopener">BHP Group Ltd (BHP US)</a> Faces Setback in Copper Ambitions After Failed Anglo-American Takeover Attempt</li>
<li>China Considers Record Fine and Suspension for PwC Over <a href="https://www.smartkarma.com/entities/china-evergrande-group" target="_blank" data-smartkarma-citation="entities:479:1" rel="noopener">Evergrande (3333 HK)</a> Audits</li>
<li>Elon Musk Agrees to Testify in SEC Probe of <a href="https://www.smartkarma.com/entities/twitter-inc" target="_blank" data-smartkarma-citation="entities:667:1" rel="noopener">Twitter Inc (TWTR US)</a> Acquisition</li>
</ul>



BHP Group Ltd (BHP US) Faces Setback in Copper Ambitions After Failed Anglo-American Takeover Attempt
China Considers Record Fine and Suspension for PwC Over Evergrande (3333 HK) Audits
Elon Musk Agrees to Testify in SEC Probe of Twitter Inc (TWTR US) Acquisition


#8 Business Buzz: BHP's Setback, China Fine on PwC, Tesla's FSD in China, Slower US GDP, Twitter

<ul>
<li>Wells Fargo Strengthens Investment Bank with JPMorgan Veteran Fernando Rivas</li>
<li>ConocoPhillips to Acquire Marathon Oil in $ 17 Billion Deal</li>
<li>Biden Administration Expands Clean Energy Tax Credits Beyond Wind and Solar</li>
</ul>


Wells Fargo Strengthens Investment Bank with JPMorgan Veteran Fernando Rivas
ConocoPhillips to Acquire Marathon Oil in $ 17 Billion Deal
Biden Administration Expands Clean Energy Tax Credits Beyond Wind and Solar


#7Business Buzz: WellsFargo Expands Investment Arm, ConocoPhillips $17 Bn Deal, VinFast US Plant

Quantitative Equity Analyst, DMA

Charlotte van Tiddens, CFA

Quantitative Equity Analyst

Technology-First Company

DMA is a technology-first company that provides an end-to-end SaaS solution to institutional investors. DMA enables regulated entities like asset managers, wealth managers, investment managers and financial advisors to connect their front and back office, break silos and reduce headcount.

Event-Driven

<ul>
<li>Over the weekend, the FT reported that Anglo was urged by top shareholders to extend talks with BHP over its proposed merger. </li>
<li>BHP’s third unsolicited non-binding offer was rejected last Wednesday. The merger exchange ratio was raised by 9% to 0.886, an increase of 24.8% on the initial offer ratio.</li>
<li>Anglo left the door open for talks, extending the PUSU deadline for BHP to make a firm offer by 1 week to this Wednesday (29 May).</li>
</ul>


Over the weekend, the FT reported that Anglo was urged by top shareholders to extend talks with BHP over its proposed merger. 
BHP’s third unsolicited non-binding offer was rejected last Wednesday. The merger exchange ratio was raised by 9% to 0.886, an increase of 24.8% on the initial offer ratio.
Anglo left the door open for talks, extending the PUSU deadline for BHP to make a firm offer by 1 week to this Wednesday (29 May).


BHP Anglo Bid: Market Pricing Restructuring, No BHP Deal, PUSU Deadline on Wednesday

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>Murakami-San now owns far more in <a href="https://www.smartkarma.com/entities/mitsui-matsushima-co-ltd" target="_blank" data-smartkarma-citation="entities:13569:1" rel="noopener">Mitsui Matsushima (1518 JP)</a> than he can easily get out of other than by corporate action. Murakami-san is not a dumb guy. He knows this.</li>
<li>The unique investigative shareholder register confirms what has been long rumoured about a certain shareholder activist in <a href="https://www.smartkarma.com/entities/l-occitane-international-sa" target="_blank" data-smartkarma-citation="entities:6772:1" rel="noopener">L'Occitane (973 HK)</a>. It is also informative for what isn't present.</li>
<li>
<a href="https://www.smartkarma.com/entities/prosus-nv" target="_blank" data-smartkarma-citation="entities:28104:1" rel="noopener">Prosus (PRX NA)</a>'s discount to NAV and implied stub widened after Fabricio Bloisi's CEO appointment the previous week. But the sell-down of <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent (700 HK)</a> to buy-back Prosus will continue.</li>
</ul>


Murakami-San now owns far more in Mitsui Matsushima (1518 JP) than he can easily get out of other than by corporate action. Murakami-san is not a dumb guy. He knows this.
The unique investigative shareholder register confirms what has been long rumoured about a certain shareholder activist in L'Occitane (973 HK). It is also informative for what isn't present.

Prosus (PRX NA)'s discount to NAV and implied stub widened after Fabricio Bloisi's CEO appointment the previous week. But the sell-down of Tencent (700 HK) to buy-back Prosus will continue.


Last Week in Event SPACE: Mitsui Matsushima, L'Occitane, Prosus/Tencent, EOFlow

<ul>
<li>I tally 51 - mostly firm, mostly Asia-Pac - transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.</li>
<li>One new deal was discussed on Smartkarma this week: Carlyle's tiult for <a href="https://www.smartkarma.com/entities/kfc-holdings-japan-ltd" target="_blank" data-smartkarma-citation="entities:12358:1" rel="noopener">KFC Holdings Japan (9873 JP)</a>. <a href="https://www.smartkarma.com/entities/shanghai-henlius-biotech-inc" target="_blank" data-smartkarma-citation="entities:27888:1" rel="noopener">Shanghai Henlius Biotech (2696 HK)</a> suspended pursuant to the Takeovers Code.</li>
<li>Key updates took place on: <a href="https://www.smartkarma.com/entities/alumina-ltd" target="_blank" data-smartkarma-citation="entities:939:1" rel="noopener">Alumina Ltd (AWC AU)</a>, <a href="https://www.smartkarma.com/entities/l-occitane-international-sa" target="_blank" data-smartkarma-citation="entities:6772:1" rel="noopener">L'Occitane (973 HK)</a>, <a href="https://www.smartkarma.com/entities/bhp-group-ltd" target="_blank" data-smartkarma-citation="entities:147:1" rel="noopener">BHP Group Ltd (BHP AU)</a>/ <a href="https://www.smartkarma.com/entities/anglo-american-plc" target="_blank" data-smartkarma-citation="entities:21798:1" rel="noopener">Anglo American (AAL LN)</a>, and <a href="https://www.smartkarma.com/entities/sciclone-pharmaceuticals-holdings-limited" target="_blank" data-smartkarma-citation="entities:17351:1" rel="noopener">SciClone Pharmaceuticals (6600 HK)</a>.</li>
</ul>


I tally 51 - mostly firm, mostly Asia-Pac - transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
One new deal was discussed on Smartkarma this week: Carlyle's tiult for KFC Holdings Japan (9873 JP). Shanghai Henlius Biotech (2696 HK) suspended pursuant to the Takeovers Code.
Key updates took place on: Alumina Ltd (AWC AU), L'Occitane (973 HK), BHP Group Ltd (BHP AU)/ Anglo American (AAL LN), and SciClone Pharmaceuticals (6600 HK).


(Mostly) Asia-Pac M&A: KFC Holdings Japan, Shanghai Henlius, Alumina, BHP/ Anglo American, SciClone

Australia

BHP Group Ltd operates as an international resources company. The Company offers mineral exploration and production, including coal, iron ore, gold, titanium, ferroalloys, nickel, and copper concentrate, as well as petroleum exploration, production, and refining. BHP Group serves customers worldwide.

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BHP Group Ltd (BHP AU)

#8 Business Buzz: BHP's Setback, China Fine on PwC, Tesla's FSD in China, Slower US GDP, Twitter

BHP Group Ltd faces setback in copper ambitions after failed takeover attempt; China considers record fine for PwC over Evergrande audits; Elon...

Nimish Maheshwari

#7Business Buzz: WellsFargo Expands Investment Arm, ConocoPhillips $17 Bn Deal, VinFast US Plant

Wells Fargo hires JPMorgan veteran, ConocoPhillips acquires Marathon Oil for $17 bn, Biden expands clean energy tax credits.

Nimish Maheshwari

BHP Anglo Bid: Market Pricing Restructuring, No BHP Deal, PUSU Deadline on Wednesday

The market is likely pricing an Anglo restructuring as the risk of a potential deal with BHP falling over appears to be high. Anglo is trading 10%...

DMA

Last Week in Event SPACE: Mitsui Matsushima, L'Occitane, Prosus/Tencent, EOFlow

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

(Mostly) Asia-Pac M&A: KFC Holdings Japan, Shanghai Henlius, Alumina, BHP/ Anglo American, SciClone

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

David Blennerhassett

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

#8 Business Buzz: BHP's Setback, China Fine on PwC, Tesla's FSD in China, Slower US GDP, Twitter

​BHP Group Ltd faces setback in copper ambitions after failed takeover attempt; China considers record fine for PwC over Evergrande audits; Elon...

Nimish Maheshwari

#7Business Buzz: WellsFargo Expands Investment Arm, ConocoPhillips $17 Bn Deal, VinFast US Plant

​Wells Fargo hires JPMorgan veteran, ConocoPhillips acquires Marathon Oil for $17 bn, Biden expands clean energy tax credits.

Nimish Maheshwari

BHP Anglo Bid: Market Pricing Restructuring, No BHP Deal, PUSU Deadline on Wednesday

The market is likely pricing an Anglo restructuring as the risk of a potential deal with BHP falling over appears to be high. Anglo is trading 10%...

DMA

Last Week in Event SPACE: Mitsui Matsushima, L'Occitane, Prosus/Tencent, EOFlow

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

(Mostly) Asia-Pac M&A: KFC Holdings Japan, Shanghai Henlius, Alumina, BHP/ Anglo American, SciClone

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

David Blennerhassett

BHP Group Ltd faces setback in copper ambitions after failed takeover attempt; China considers record fine for PwC over Evergrande audits; Elon...

Wells Fargo hires JPMorgan veteran, ConocoPhillips acquires Marathon Oil for $17 bn, Biden expands clean energy tax credits.