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

Insignia Financial (IFL AU): CC Capital Bumps, Next Move Bain

Insignia Financial (IFL AU): Bain and CC Capital Bumps to A$5.00, While Brookfield Drops Out

Insignia Financial (IFL AU): CC Capital’s Binding Offer at A$4.80

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Global Equity Research Ltd

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Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/insignia-financial-ltd" target="_blank" data-smartkarma-citation="entities:12349:1" rel="noopener">Insignia Financial (IFL AU)</a> IE considers CC Capital’s scheme offer at A$4.80 fair and reasonable, as it is within its valuation range of A$4.49 to A$5.08.</li>
<li>The key scheme conditions are shareholder, FIRB and APRA approval. Regulatory approvals should be forthcoming, and the scheme vote is low-risk.</li>
<li>The offer is attractive, particularly as peers have derated. At the last close and for a 28 April payment, the gross/annualised spread is 2.8%/19.1%.  </li>
</ul>


The Insignia Financial (IFL AU) IE considers CC Capital’s scheme offer at A$4.80 fair and reasonable, as it is within its valuation range of A$4.49 to A$5.08.
The key scheme conditions are shareholder, FIRB and APRA approval. Regulatory approvals should be forthcoming, and the scheme vote is low-risk.
The offer is attractive, particularly as peers have derated. At the last close and for a 28 April payment, the gross/annualised spread is 2.8%/19.1%.  


Insignia Financial (IFL AU): Scheme Vote on 13 April