Genex Gets an Improved A$0.25 Offer, Headcount Test a Risk, Board Hoping for an Auction
Maintain holding or buy with the view of a potential rival bid or that the risk of the headcount test forces Skip/Stonepeak to further bump their...
442 Views
Genex’s Offer of A$0.23 from Skip Capital Likely Won’t Cut It
At first glance, the A$0.23 offer looks generous. Benchmarking the precedent transaction multiples suggests that Genex’s existing portfolio is...
404 Views
AGL Energy’s Demerger Booklet Provides an Underwhelming Justification
While the IFA supports the demerger, the report is light on qualitative analysis. Mike Cannon-Brookes continues to gain retail support for a NO...
359 Views
AGL Energy’s Demerger Vote in the Balance with Grok Ventures’ Move
Mr Cannon-Brookes (11.28% stake) will vote against the demerger scheme on 15 June. The rationale for the demerger remains unconvincing. Our SoTP...
395 Views
Don't Be Shortsighted on New Zealand's Oversupplied Energy Market
New Zealand's vertically integrated electricity generator/retailers, or "gentailers", are high-quality businesses. The most attractive at present...
293 Views