In today’s briefing:
- Bossini (592 HK): 10th Feb Scheme Vote
- Get Nice Financial (1469 HK): EGM Set For Get Nice (64 HK)’s Scrip Offer
- Samsung Group ETF Rebalancing Event to Watch for in June
- SSI’s 2024 Review: Portfolio Underperformance, Event-Driven Strategies, and Lessons from Losses
Bossini (592 HK): 10th Feb Scheme Vote
- On the 16th October, Li Ning-backed Viva Goods (933 HK) announced a scrip Offer, by way of a Scheme, for 62.91%-held Bossini International Holdings (592 HK), a casual apparel play.
- One new Viva share for five Bossini shares backed an implied scrip price of HK$0.108/share, a 12.2% discount to undisturbed.
- Bossini’s Scheme Doc is now out, with a Court Meeting on the 10th February, and expected settlement on the 24th March. The IFA says “fair and reasonable”.
Get Nice Financial (1469 HK): EGM Set For Get Nice (64 HK)’s Scrip Offer
- On the 5th November, Get Nice Holdings (64 HK) (GNH) announced a scrip Offer, by way of a Scheme, for 72.99%-held Get Nice Financial Group Ltd (1469 HK) (GNF).
- With an implied scrip price & divvy of HK$1.116/share, against a book value of HK1.736/share – and net cash of ~HK$1.00/share – this is probably being down too cheaply.
- GNH’s Circular is now out, with an EGM to be held on the 22nd Jan. GNF’s Scheme Doc is expected to be dispatched one or before the 10th Feb.
Samsung Group ETF Rebalancing Event to Watch for in June
- With Samsung finalizing the call option on Rainbow Robotics in February, the FTC will add it to Samsung Group in March, ensuring its inclusion in the ETF by June.
- With the market cap boost from the call option, Rainbow Robotics is set to easily exceed 2% weight in the ETF by June.
- The rebalancing from June 2-9 will direct 30% of daily volume into Rainbow Robotics, likely enough to move the needle on price action, especially on the first day.
SSI’s 2024 Review: Portfolio Underperformance, Event-Driven Strategies, and Lessons from Losses
- SSI’s Tracking Portfolio ended 2024 with a -1% return, hindered by cash holdings and significant losses in MSTR, BHIL, and BOOM.
- SSI shared 85 investment ideas in 2024, including 14 Portfolio Ideas, 69 Quick Pitches, and 2 “Why I’m Not Involved” overviews.
- Portfolio Ideas suffered losses over 50% due to ignored red flags, while Quick Pitches had a 60% win rate.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
