IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Weekly Deals Digest (25 Jan) - Skyworth, Dongfeng, Mamezo, Logisnext, Toyota Ind, Busy Ming, Eastroc

Merger Arb Mondays (26 Jan) - Toyota Ind, Raksul, Mamezo, Skyworth, IJM, ENN, Australian Strategic

Australian Strategic Materials (ASM AU): Scheme Vote on 22 June

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

Australian Strategic Materials / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/australian-strategic-materials" target="_blank" data-smartkarma-citation="entities:30815:1" rel="noopener">Australian Strategic Materials (ASM AU)</a> has disclosed a binding proposal from <a href="https://www.smartkarma.com/entities/energy-fuels-inc" target="_blank" data-smartkarma-citation="entities:12230:1" rel="noopener">Energy Fuels (UUUU US)</a> at 0.053 UUUU shares per ASM share, plus an A$0.13 unfranked special dividend.</li>
<li>The implied offer value is A$1.60 based on UUUU’s 15-day VWAP on 16 January, a 121% premium to last close. At UUUU’s last close price, the offer is A$1.98.</li>
<li>Despite the huge takeover premium, the offer is arguably light, and the timing is opportunistic. Nevertheless, the scheme vote is low risk. </li>
</ul>



Australian Strategic Materials (ASM AU) has disclosed a binding proposal from Energy Fuels (UUUU US) at 0.053 UUUU shares per ASM share, plus an A$0.13 unfranked special dividend.
The implied offer value is A$1.60 based on UUUU’s 15-day VWAP on 16 January, a 121% premium to last close. At UUUU’s last close price, the offer is A$1.98.
Despite the huge takeover premium, the offer is arguably light, and the timing is opportunistic. Nevertheless, the scheme vote is low risk. 


Australian Strategic Materials (ASM AU): Energy Fuels’ High Premium Offer Is Opportunistically Timed