Giordano’s VGO Lapses
The downside will be muted as the shares are trading in line with the 1-year average forward P/E, minorities thought the offer was low, and David...
570 Views
Giordano’s Acceptances Just Short of the 50% Voting Threshold; Offer Period Extended
The next few days will likely take the offeror over the 50% voting threshold. At last close and the HK$1.88 VGO price, the annualised spread for...
521 Views
Giordano’s Improving Outlook and Surprising Dividend Provide Deal-Break Support
The declining gross spread does not reflect an increased probability of an unconditional offer but Giordano’s rising intrinsic value, which is...
601 Views
Goldlion Holdings: Earnings Update [H1FY2017]
Goldlion reported results for the first half ended June 2017 which saw a 2% growth in revenue and a 22.3% decline in adjusted EPS. We would like to...
200 Views
Revenue Growth, Expected Turnaround
For the second half of the year ended December 31st, 2016, the company reported revenue of HK$782.9 mn [in-line with our estimates] vs. HK$777 mn...
270 Views