Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/capricorn-metals-ltd" target="_blank" data-smartkarma-citation="entities:10775:1" rel="noopener">Capricorn Metals (CMM AU)</a> and <a href="https://www.smartkarma.com/entities/genesis-minerals-ltd" target="_blank" data-smartkarma-citation="entities:4650:1" rel="noopener">Genesis Minerals (GMD AU)</a> will be added to the <a href="https://www.smartkarma.com/entities/vaneck-vectors-australian-re" target="_blank" data-smartkarma-citation="entities:30999:1" rel="noopener">Vaneck Vectors Australian Re (MVR AU)</a> in June.</li>
<li>Constituent changes, float changes and capping changes result in an estimated one-way turnover of 8% and a round-trip trade of A$49m.</li>
<li>There has been short covering in both adds over the last couple of years. While short interest is relatively smaller in <a href="https://www.smartkarma.com/entities/capricorn-metals-ltd" target="_blank" data-smartkarma-citation="entities:10775:1" rel="noopener">Capricorn Metals</a>, it is much higher in <a href="https://www.smartkarma.com/entities/genesis-minerals-ltd" target="_blank" data-smartkarma-citation="entities:4650:1" rel="noopener">Genesis Minerals</a>.</li>
</ul>



Capricorn Metals (CMM AU) and Genesis Minerals (GMD AU) will be added to the Vaneck Vectors Australian Re (MVR AU) in June.
Constituent changes, float changes and capping changes result in an estimated one-way turnover of 8% and a round-trip trade of A$49m.
There has been short covering in both adds over the last couple of years. While short interest is relatively smaller in Capricorn Metals, it is much higher in Genesis Minerals.


MV Australia Resources Index Rebalance: Two Adds, Float & Capping Changes

Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

Equity Bottom-Up

<ul><li>Minres board admitted to not disclosing related party transactions two years ago, a strike against the board</li><li>Bald Hill operations will go into care and maintenance, impacting 300 employees with some redeployment efforts</li><li>Decision to shut down due to cost-saving measures, with potential for quick restart if market conditions improve</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Minres board admitted to not disclosing related party transactions two years ago, a strike against the boardBald Hill operations will go into care and maintenance, impacting 300 employees with some redeployment effortsDecision to shut down due to cost-saving measures, with potential for quick restart if market conditions improveThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul><li>Ellison will stay on as MD for 12 to 18 months as board accelerates succession plan</li><li> Ellison to incur financial penalties of $8.8 million, with unvested LTIs and STIs forfeited</li><li>Chair James McClements to depart board, with more board turnover expected in future due to governance issues and share price volatility</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Ellison will stay on as MD for 12 to 18 months as board accelerates succession plan Ellison to incur financial penalties of $8.8 million, with unvested LTIs and STIs forfeitedChair James McClements to depart board, with more board turnover expected in future due to governance issues and share price volatilityThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

MinRes Scandal to See Ellison Exit. Now What?

<ul><li>Neil Chenoweth wrote a detailed investigative piece on Min Res founder Chris Allison and former top executives, alleging a tax evasion scheme using shareholder funds.</li><li>The scheme involved buying machinery with inflated prices from a company named Far East Equipment Holdings in the British Virgin Islands.</li><li>Min Res stock dropped 13% in response to the article, with implications on leadership and governance of the company.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Neil Chenoweth wrote a detailed investigative piece on Min Res founder Chris Allison and former top executives, alleging a tax evasion scheme using shareholder funds.The scheme involved buying machinery with inflated prices from a company named Far East Equipment Holdings in the British Virgin Islands.Min Res stock dropped 13% in response to the article, with implications on leadership and governance of the company.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

What the Ellison allegations mean for MinRes

<ul><li>Minres reported full year results, leading to a 10% drop in share price and a 50% decline since May</li><li>Company's balance sheet is a concern due to exposure to the cyclical nature of the mining industry and risky investments in lithium</li><li>Analysts are nervous about the company's direction and future prospects, particularly with over $3 billion in capex invested in projects like Onslow</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Minres reported full year results, leading to a 10% drop in share price and a 50% decline since MayCompany's balance sheet is a concern due to exposure to the cyclical nature of the mining industry and risky investments in lithiumAnalysts are nervous about the company's direction and future prospects, particularly with over $3 billion in capex invested in projects like OnslowThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Australia

Mineral Resources Ltd. offers contract crushing services to the mining industry in Australia.  The Company serves gold, iron ore, tantalum, and coal companies.

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Mineral Resources (MIN AU)

MV Australia Resources Index Rebalance: Two Adds, Float & Capping Changes

The 2 adds and float/capping changes result in a one-way turnover of 8% and a round-trip trade of A$49m. Shorts have been covering both adds, but...

Brian Freitas

Another Lithium Mine Bites the Dust

Minres board admits to not disclosing related party transactions, Bald Hill shutdown impacts 300 employees with redundancies likely, plant...

Money of Mine

MinRes Scandal to See Ellison Exit. Now What?

Alison will remain as MD for up to 18 months, facing financial penalties and forfeiting unvested incentives, while the board undergoes a succession...

Money of Mine

What the Ellison allegations mean for MinRes

The article discusses a detailed investigation into Min Rez's questionable use of corporate funds, allegations of tax evasion through a transfer...

Money of Mine

How Low Will MinRes Go?

The summary highlights Minres' financial struggles, including a drop in share price, concerns about debt and balance sheet, and risky investments...

Money of Mine

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