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

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<li>
<a href="https://www.smartkarma.com/entities/costa-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:22632:1" rel="noopener">Costa Group Holdings (CGC AU)</a>  has disclosed an indicative non-binding proposal from Paine Schwartz Partners at A$3.50 per share (A$3.54 including potential interim dividend).</li>
<li>The Board has granted eight weeks of non-exclusive due diligence. The due diligence, which started on 6 June, ends on 1 August.</li>
<li>The offer price is attractive compared to peer multiples and historical trading ranges. At the current price of A$3.35, the gross spread is 4.5% (5.7% including dividend).</li>
</ul>



Costa Group Holdings (CGC AU)  has disclosed an indicative non-binding proposal from Paine Schwartz Partners at A$3.50 per share (A$3.54 including potential interim dividend).
The Board has granted eight weeks of non-exclusive due diligence. The due diligence, which started on 6 June, ends on 1 August.
The offer price is attractive compared to peer multiples and historical trading ranges. At the current price of A$3.35, the gross spread is 4.5% (5.7% including dividend).


Costa Group (CGC AU): Paine Schwartz’s Indicative Proposal

President, Vision Research

Robert C Prather Jr

President

Vision Research

Vision Research was formed in 2004 with the vision of generating the best possible fundamental analysis and investment research for smid cap US equities. In 2008, we broadened our coverage to include mid/large cap US stocks.  After researching a  few ideas outside the US each year for a number of years, we launched a dedicated non-US equity product at the end of 2015.  This was followed by the introduction of a product focused on IPOs in mid-2017.

Fundamental Insight

Equity Bottom-Up

<p>These egg producers could crack given the upcoming anniversary of COVID tailwinds, increasing competition, the supply/demand dynamics, inventory trends, rising input costs, an expensive valuation, and optimistic estimates.</p>

These egg producers could crack given the upcoming anniversary of COVID tailwinds, increasing competition, the supply/demand dynamics, inventory trends, rising input costs, an expensive valuation, and optimistic estimates.

Cal-Maine Foods (CALM) & Vital Foods (VITL):  Are These "Bad Eggs"?

United States

Vital Farms, Inc. provides agricultural food products. The Company offers pasture-raised eggs, butter, and ghee. Vital Farms serves customers in the States of Texas and Missouri..

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Vital Farms Inc (VITL US)

Costa Group (CGC AU): Paine Schwartz’s Indicative Proposal

The offer price is attractive compared to peer multiples and historical trading ranges. At the current price of A$3.35, the gross spread is 4.5%...

Arun George

Cal-Maine Foods (CALM) & Vital Foods (VITL): Are These "Bad Eggs"?

Egg producers that could crack given the upcoming anniversary of COVID tailwinds, industry conditions, an expensive valuation, and optimistic...

Robert C Prather Jr

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