Dickson Concepts (113 HK): Sir Poon’s Scheme Offer Below Net Cash
The offer, while light, will likely succeed. No disinterested shareholder holds a blocking stake, and retail seems supportive (lowering the risk of...
498 Views
Poon's Underpriced Takeover. Minorities Deserve Better
A consistently profitable company, taken out below net cash: yes, this is being done too cheap. If illiquid arbs are your bag, and you're quietly...
458 Views
Dickson Concepts (113 HK): Controlling Shareholder to Privatise a Negative EV Play?
While no disinterested shareholder holds a blocking stake, the headcount test and a decent AGM participation rate necessitate an attractive offer....
628 Views
Poon Moves On Dickson Concepts (113 HK)'s Cash Hoard?
DC's Chairman, Dickson Poon (& spouse), hold 60.5%. Given DC’s net cash hoard - HK$7.44/share - taking the company private makes sense.
718 Views
Merger Arb Mondays (16 June) - Mayne, Pointsbet, Fengxiang, HKBN, Seven & I, Shibaura, Smartpay
We summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
400 Views