Podcast by Jim Grant on high finance, Grant's Current Yield Podcast

Grant’s Current Yield Podcast

Podcast by Jim Grant on high finance

Grant's Current Yield Podcast

You've read their prose. Now hear their voices. Listen to Jim Grant and Evan Lorenz talk high finance, Grant's-style, with plenty of wit and historical context to enliven their discussion of today's foremost investment topics. Welcome to Grant's Radio!

Thematic (Sector/Industry)

<ul><li>Steve Bogdan shares insights on the defense industry and the need for tangible capital investment in the US</li><li>Discussion on the Chinese naval buildup and its impact on Washington's strategic thinking</li><li>Exploration of investment opportunities in defense stocks and the macro implications of rising rates due to increased spending and automation trends</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Steve Bogdan shares insights on the defense industry and the need for tangible capital investment in the USDiscussion on the Chinese naval buildup and its impact on Washington's strategic thinkingExploration of investment opportunities in defense stocks and the macro implications of rising rates due to increased spending and automation trendsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/austal-ltd" target="_blank" data-smartkarma-citation="entities:14420:1" rel="noopener">Austal Ltd (ASB AU)</a> disclosed a non-binding proposal from Wildcat Resources for Austal USA at an enterprise value of US$1.25 to US$1.35 billion.</li>
<li>The Wildcat offer’s midpoint of US$1.30 billion is at a 15% premium to Hanwha's offer’s midpoint of US$1.125 billion. Wildcat is requesting four weeks of due diligence.</li>
<li>Hanwha is likely to return with a revised offer as the Wildcat offer values Austal USA at a discount to its closest peer, <a href="https://www.smartkarma.com/entities/huntington-ingalls-industries-inc" target="_blank" data-smartkarma-citation="entities:3136:1" rel="noopener">Huntington Ingalls Industries (HII US)</a>. </li>
</ul>



Austal Ltd (ASB AU) disclosed a non-binding proposal from Wildcat Resources for Austal USA at an enterprise value of US$1.25 to US$1.35 billion.
The Wildcat offer’s midpoint of US$1.30 billion is at a 15% premium to Hanwha's offer’s midpoint of US$1.125 billion. Wildcat is requesting four weeks of due diligence.
Hanwha is likely to return with a revised offer as the Wildcat offer values Austal USA at a discount to its closest peer, Huntington Ingalls Industries (HII US). 


Austal (ASB AU): Wildcat Lobs a Competing Offer for Austal USA

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

<ul><li>With the upcoming first quarter earnings season taking center stage the next 3 weeks, there is yet again a well overdue reprieve from the back and forth focus on hiking, pausing, and cutting next steps of the Federal Reserve.</li><li>The focus now goes back to company earnings and forward guidance and whether slowdowns picked up on ISM, PMI, and regional Fed surveys are now making its way through earnings reports.</li><li>While still early, the first 22 S&amp;P 500 Index companies reveal a 20% drop in earnings QoQ.</li></ul>

With the upcoming first quarter earnings season taking center stage the next 3 weeks, there is yet again a well overdue reprieve from the back and forth focus on hiking, pausing, and cutting next steps of the Federal Reserve.The focus now goes back to company earnings and forward guidance and whether slowdowns picked up on ISM, PMI, and regional Fed surveys are now making its way through earnings reports.While still early, the first 22 S&amp;P 500 Index companies reveal a 20% drop in earnings QoQ.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/austal-ltd" target="_blank" data-smartkarma-citation="entities:14420:1" rel="noopener">Austal Ltd (ASB AU)</a> disclosed a non-binding proposal from <a href="https://www.smartkarma.com/entities/hanwha-ocean-co-ltd" target="_blank" data-smartkarma-citation="entities:12531:1" rel="noopener">Hanwha Ocean (042660 KS)</a> for Austal USA at an EV of US$1.05-1.20 billion, 1.1x to 1.2x of the Group’s pre-bid EV.</li>
<li>Alongside the NBIO disclosure, Austal has provided a trading update noting significant non-cash provisions at Austal USA, resulting in an expected FY26 EBIT loss of A$175 million.</li>
<li>Hanwha’s offer is attractive, and securing US approvals should not be an issue. Austal’s valuation remains compelling, with my SoTP valuation of A$5.95, a 32% premium to the last close.</li>
</ul>



Austal Ltd (ASB AU) disclosed a non-binding proposal from Hanwha Ocean (042660 KS) for Austal USA at an EV of US$1.05-1.20 billion, 1.1x to 1.2x of the Group’s pre-bid EV.
Alongside the NBIO disclosure, Austal has provided a trading update noting significant non-cash provisions at Austal USA, resulting in an expected FY26 EBIT loss of A$175 million.
Hanwha’s offer is attractive, and securing US approvals should not be an issue. Austal’s valuation remains compelling, with my SoTP valuation of A$5.95, a 32% premium to the last close.


Austal (ASB AU): Hanwha Ocean’s Compelling Offer for the US Business

Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

<ul>
<li>In Econote No. 110 ( Nov.Dec 2022) we broached the topic of investing in the Defence sectors of various West and Asian economies.</li>
<li>The reasons for this were very simple: First, the war in the Ukraine resulted to a sharp rise in defence spending in western countries and, second, this rise would not cease with the end of the war but presented a pivot to higher defence spending, not only in western countries, but also in areas such as Asia.</li>
<li>Hence the outlook for Defence stocks was, and is very bright, as witnessed by their persistent outperformance of the S&amp;P 500 and still reasonable valuations.</li>
</ul>


In Econote No. 110 ( Nov.Dec 2022) we broached the topic of investing in the Defence sectors of various West and Asian economies.
The reasons for this were very simple: First, the war in the Ukraine resulted to a sharp rise in defence spending in western countries and, second, this rise would not cease with the end of the war but presented a pivot to higher defence spending, not only in western countries, but also in areas such as Asia.
Hence the outlook for Defence stocks was, and is very bright, as witnessed by their persistent outperformance of the S&amp;P 500 and still reasonable valuations.


Ecognosis Advisory Ltd - ECONOTE No. 111 Investing in the Defence Sector

United States

Lockheed Martin Corporation is a global security company that primarily researches, designs, develops, manufactures, and integrates advanced technology products and services.  The Company's businesses span space, telecommunications, electronics, information and services, aeronautics, energy, and systems integration.  Lockheed Martin operates worldwide.

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Lockheed Martin (LMT US)

BACK TO THE FUTURE

Steve Bogdan shares insights on the defense industry and the need for tangible capital investment in the US Discussion on the Chinese naval...

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Hanwha is likely to return with a revised offer as the Wildcat offer values Austal USA at a discount to its closest peer.

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Austal (ASB AU): Hanwha Ocean’s Compelling Offer for the US Business

Hanwha’s offer is attractive, and securing US approvals should not be an issue. Austal’s valuation remains compelling, with my SoTP valuation of...

Arun George

Ecognosis Advisory Ltd - ECONOTE No. 111 Investing in the Defence Sector

In Econote No. 110 ( Nov.Dec 2022) we broached the topic of investing in the Defence sectors of various West and Asian economies.

VRS (Valuation & Research Specialists)

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