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

Ingenia (INA AU): Warburg’s Third Offer at A$5.25 Puts the Board on the Clock

Ingenia (INA AU): Warburg’s Revised Offer Rejected, but the Gap to Fair Value Narrows

Peet (PPC AU): Ingenia (INA AU)’s Cash-And-Scrip Scheme Offer

Ingenia (INA AU): Warburg’s NBIO Was Rightly Rejected, but This Is Not Done Yet

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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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/peet-ltd" target="_blank" data-smartkarma-citation="entities:15586:1" rel="noopener">Peet Ltd (PPC AU)</a>’s scheme offer from <a href="https://www.smartkarma.com/entities/ingenia-communities-group" target="_blank" data-smartkarma-citation="entities:5495:1" rel="noopener">Ingenia Communities (INA AU)</a> hangs in the balance due to Warburg Pincus’ repeated (but rejected) offers for Ingenia. </li>
<li>The Warburg offer is conditional on Ingenia not proceeding with the Peet scheme offer. Ingenia is increasingly in a bind as Warburg remains interested and it faces unhappy shareholders.</li>
<li>At the last close of A$1.64, the risk/reward is attractive, as the upside (at least 15% if the Ingenia offer succeeds) exceeds the downside (little to no downside).</li>
</ul>



Peet Ltd (PPC AU)’s scheme offer from Ingenia Communities (INA AU) hangs in the balance due to Warburg Pincus’ repeated (but rejected) offers for Ingenia. 
The Warburg offer is conditional on Ingenia not proceeding with the Peet scheme offer. Ingenia is increasingly in a bind as Warburg remains interested and it faces unhappy shareholders.
At the last close of A$1.64, the risk/reward is attractive, as the upside (at least 15% if the Ingenia offer succeeds) exceeds the downside (little to no downside).


Peet (PPC AU): Risk/Reward as Ingenia’s Offer Hangs in the Balance