European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<ul>
<li>Toscafund’s 250p proposal is now a recommended, fully financed Scheme, backed by Three Hills and Ares, with irrevocables covering 42.7% of Scheme Shares.</li>
<li>Even at 100% turnout, Bidco needs support from only 56.4% of remaining uncommitted Scheme Shares. We assign 90% completion probability.</li>
<li>More than 60 potential buyers were contacted over eight months. No higher executable proposal emerged, leaving limited scope for a topping bid.</li>
</ul>


Toscafund’s 250p proposal is now a recommended, fully financed Scheme, backed by Three Hills and Ares, with irrevocables covering 42.7% of Scheme Shares.
Even at 100% turnout, Bidco needs support from only 56.4% of remaining uncommitted Scheme Shares. We assign 90% completion probability.
More than 60 potential buyers were contacted over eight months. No higher executable proposal emerged, leaving limited scope for a topping bid.


Spire Healthcare: 250p, This Time With a Deal

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Aug 28th (reported today). The aggregated short interest was USD50.8bn.</li>
<li>We tabulate league tables 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 Steadfast, Brambles, Worley, Transurban, Charter Hall.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Aug 28th (reported today). The aggregated short interest was USD50.8bn.
We tabulate league tables 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 Steadfast, Brambles, Worley, Transurban, Charter Hall.


ASX Short Interest Weekly (Aug 28th): Steadfast, Brambles, Worley, Transurban, Charter Hall

Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

Generate attractive returns by taking advantage of inefficiencies in the stock spin-off market.

Stock Spin-offs

High Arctic Overseas Holdings / Event-Driven

<ul><li>Ryan Detrick at Carson posted this on X recently. Yes, September is the worst month of the year for the S&amp;P 500.</li><li>But seasonality is a starting point, not a conclusion.</li><li>Detrick screened for years with a positive August and a year to date gain between 10% and 17.5%, which is where we sit now at 12.8% with August up 3.0%.</li></ul>

Ryan Detrick at Carson posted this on X recently. Yes, September is the worst month of the year for the S&amp;P 500.But seasonality is a starting point, not a conclusion.Detrick screened for years with a positive August and a year to date gain between 10% and 17.5%, which is where we sit now at 12.8% with August up 3.0%.

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Aug 7th (reported today). The aggregated short interest was USD49.9bn.</li>
<li>We tabulate league tables 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 Northern Star Resources, Qantas Airways, Santos, CSL, Qbe Insurance.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Aug 7th (reported today). The aggregated short interest was USD49.9bn.
We tabulate league tables 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 Northern Star Resources, Qantas Airways, Santos, CSL, Qbe Insurance.


ASX Short Interest Weekly (Aug 7th): Northern Star Resources, Qantas Airways, Santos, CSL

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Jun 26th (reported today). The aggregated short interest was USD45.1bn.</li>
<li>We tabulate league tables 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 Atlas Arteria, Aristocrat Leisure, Santos, AGL Energy, Computershare.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jun 26th (reported today). The aggregated short interest was USD45.1bn.
We tabulate league tables 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 Atlas Arteria, Aristocrat Leisure, Santos, AGL Energy, Computershare.


ASX Short Interest Weekly (Jun 26th): Atlas Arteria, Aristocrat Leisure, Santos, AGL Energy

Australia

Ramsay Health Care Ltd. provides health care services. The Company offers private hospital services, including, rehabilitation, psychiatric care, day, and complex surgery. Ramsay Health Care owns, operates, and manages health care facilities throughout Australia, Indonesia, and Europe.

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Ramsay Health Care (RHC AT)

Spire Healthcare: 250p, This Time With a Deal

Spire’s long-running sale process has finally produced a firm 250p deal. With Friday’s close predating the Rule 2.7, Monday’s open should be worth...

Jesus Rodriguez Aguilar

ASX Short Interest Weekly (Aug 28th): Steadfast, Brambles, Worley, Transurban, Charter Hall

We analyzed ASX short interest report for the past week and highlight short interest changes in Steadfast, Brambles, Worley, Transurban, Charter Hall.

Ke Yan, CFA, FRM

Weekly Update (HOH.V, REZI, RMAX)

Ryan Detrick at Carson posted this on X recently. Yes, September is the worst month of the year for the S&P 500. But seasonality is a starting...

Richard Howe

ASX Short Interest Weekly (Aug 7th): Northern Star Resources, Qantas Airways, Santos, CSL

We analyzed ASX short interest report for the past week and highlight short interest changes in Northern Star Resources, Qantas Airways, Santos,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Jun 26th): Atlas Arteria, Aristocrat Leisure, Santos, AGL Energy

We analyzed ASX short interest report for the past week and highlight short interest changes in Atlas Arteria, Aristocrat Leisure, Santos, AGL...

Ke Yan, CFA, FRM

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52-week Range

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