Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>On the 10th May, Aussie lithium miner <a href="https://www.smartkarma.com/entities/allkem-ltd" target="_blank" data-smartkarma-citation="entities:3572:1" rel="noopener">Allkem Ltd (AKE AU)</a> inked a $US10bn+ "merger of equals" with <a href="https://www.smartkarma.com/entities/livent-corp" target="_blank" data-smartkarma-citation="entities:27434:1" rel="noopener">Livent (LTHM US)</a>, ostensibly forming the world's fifth largest lithium producer.</li>
<li>Allkem's Scheme Meeting is the 19 December, with implementation expected on the 4 January. The IE is supportive and Allkem's board unanimously recommends the transaction. </li>
<li>This looks done. Buy Livent. And get borrow on Livent to be able to short it into the inclusion or in the days following. </li>
</ul>


On the 10th May, Aussie lithium miner Allkem Ltd (AKE AU) inked a $US10bn+ "merger of equals" with Livent (LTHM US), ostensibly forming the world's fifth largest lithium producer.
Allkem's Scheme Meeting is the 19 December, with implementation expected on the 4 January. The IE is supportive and Allkem's board unanimously recommends the transaction. 
This looks done. Buy Livent. And get borrow on Livent to be able to short it into the inclusion or in the days following. 


Allkem/​Livent Merger: 19th December Shareholder Vote

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Oct 13th (reported today) which has an aggregated short interest worth USD16.3bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Pilbara Minerals, Domino'S Pizza E, Computershare, ANZ, Igo.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Oct 13th (reported today) which has an aggregated short interest worth USD16.3bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Pilbara Minerals, Domino'S Pizza E, Computershare, ANZ, Igo.


ASX Short Interest Weekly (Oct 13th): Pilbara Minerals, Domino'S Pizza E, Computershare, ANZ, Igo

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Oct 6th (reported today) which has an aggregated short interest worth USD16.3bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in BHP, Liontown, ANZ, Suncorp, Domino'S Pizza E, Metcash.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Oct 6th (reported today) which has an aggregated short interest worth USD16.3bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in BHP, Liontown, ANZ, Suncorp, Domino'S Pizza E, Metcash.


ASX Short Interest Weekly (Oct 6th): BHP, Liontown, ANZ, Suncorp, Domino'S Pizza E, Metcash

<ul>
<li>After <a href="https://www.smartkarma.com/entities/mineral-resources-ltd" target="_blank" data-smartkarma-citation="entities:15103:1" rel="noopener">Mineral Resources (MIN AU)</a> and other shareholders voted against the Tianqi Lithium JV transaction for <a href="https://www.smartkarma.com/entities/essential-metals-ltd" target="_blank" data-smartkarma-citation="entities:9645:1" rel="noopener">Essential Metals (ESS AU)</a>, <a href="https://www.smartkarma.com/entities/develop-global-ltd" target="_blank" data-smartkarma-citation="entities:19413:1" rel="noopener">Develop Global (DVP AU)</a> swooped and announced a binding Scheme.</li>
<li>The all-scrip Scheme transaction has the backing of MinRes, who also owns a ~12.8% stake in Develop.</li>
<li>The Scheme Booklet is now out. Essential shareholders vote on the transaction on the 18 October, with implementation on the 6 November. The IE opines "not fair but reasonable". </li>
</ul>


After Mineral Resources (MIN AU) and other shareholders voted against the Tianqi Lithium JV transaction for Essential Metals (ESS AU), Develop Global (DVP AU) swooped and announced a binding Scheme.
The all-scrip Scheme transaction has the backing of MinRes, who also owns a ~12.8% stake in Develop.
The Scheme Booklet is now out. Essential shareholders vote on the transaction on the 18 October, with implementation on the 6 November. The IE opines "not fair but reasonable". 


Essential Metal: Shareholder Vote On 18th Oct. The IE Says Not Fair

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Sep 8th (reported today) which has an aggregated short interest worth USD15.8bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in BHP, Woodside Energy, Rio Tinto, Igo, NAB, Insurance Austra, Qbe Insurance, Ventia Services.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Sep 8th (reported today) which has an aggregated short interest worth USD15.8bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in BHP, Woodside Energy, Rio Tinto, Igo, NAB, Insurance Austra, Qbe Insurance, Ventia Services.


ASX Short Interest Weekly (Sep 8th): BHP, Woodside Energy, Rio Tinto, Igo, NAB, Insurance Austra

Australia

IGO Limited operates as an exploration company. The Company explores and mines copper, ore, nickel, gold, and other mineral resources. IGO serves customers worldwide.

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IGO Ltd (IGO AU)

Allkem/Livent Merger: 19th December Shareholder Vote

This looks done. Buy Livent (LTHM US). And get borrow on Livent to be able to short it into the inclusion or in days following.

David Blennerhassett

ASX Short Interest Weekly (Oct 13th): Pilbara Minerals, Domino'S Pizza E, Computershare, ANZ, Igo

We analyzed ASX short interest report for the past week and highlight short interest changes in Pilbara Minerals, Domino'S Pizza E, Computershare,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Oct 6th): BHP, Liontown, ANZ, Suncorp, Domino'S Pizza E, Metcash

We analyzed ASX short interest report for the past week and highlight short interest changes in BHP, Liontown, ANZ, Suncorp, Domino'S Pizza E,...

Ke Yan, CFA, FRM

Essential Metal: Shareholder Vote On 18th Oct. The IE Says Not Fair

This is done. MinRes's support - and holding in both companies - all but blocks a competing Offer. I'd be long Essential, short Develop here....

David Blennerhassett

ASX Short Interest Weekly (Sep 8th): BHP, Woodside Energy, Rio Tinto, Igo, NAB, Insurance Austra

We analyzed ASX short interest report for the past week and highlight short interest changes in BHP, Woodside Energy, Rio Tinto, Igo, NAB,...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Allkem/​Livent Merger: 19th December Shareholder Vote

This looks done. Buy Livent (LTHM US). And get borrow on Livent to be able to short it into the inclusion or in days following.

David Blennerhassett

ASX Short Interest Weekly (Oct 13th): Pilbara Minerals, Domino'S Pizza E, Computershare, ANZ, Igo

We analyzed ASX short interest report for the past week and highlight short interest changes in Pilbara Minerals, Domino'S Pizza E, Computershare,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Oct 6th): BHP, Liontown, ANZ, Suncorp, Domino'S Pizza E, Metcash

We analyzed ASX short interest report for the past week and highlight short interest changes in BHP, Liontown, ANZ, Suncorp, Domino'S Pizza E,...

Ke Yan, CFA, FRM

Essential Metal: Shareholder Vote On 18th Oct. The IE Says Not Fair

This is done. MinRes's support - and holding in both companies - all but blocks a competing Offer. I'd be long Essential, short Develop here....

David Blennerhassett

ASX Short Interest Weekly (Sep 8th): BHP, Woodside Energy, Rio Tinto, Igo, NAB, Insurance Austra

We analyzed ASX short interest report for the past week and highlight short interest changes in BHP, Woodside Energy, Rio Tinto, Igo, NAB,...

Ke Yan, CFA, FRM

Allkem/Livent Merger: 19th December Shareholder Vote