Performance – April 2021
Our tracking portfolio generated 6% return during the month and 32% year-to-date. A detailed performance breakdown is provided below.
Author Archives: dt
Bingo Industries (BIN.AX) – Merger Arbitrage – 8% Upside
Current Price: A$3.24
Offer Price: A$3.50
Upside: 8%
Expected Closing: TBD
McPherson’s (MCP.AX) – Expected Higher Bid – 20% Upside
Current Price: A$1.43
Target Price: A$1.71
Upside: 20%
Expected Closing: May 2021
Performance – February 2021
During February 2021 we’ve posted 11 new ideas
Palomar Holdings (PLMR) – Short on Earnings – 40% Upside
Current Price: $111.82
Target Price: $100
Upside: 10% (+40% eventually realized)
Expiration Date: 16th-17th February 2021
Garret Motion (GTXMQ) – Expected Better Offer – 10%+ Upside
Current Price: $6.40
Offer Price: $7.00+ (with potential increase)
Upside: 10%+
Expiration date: TBD
Alpha Pro Tech (APT) – Short Squeeze – Upside 100%+ (speculative)
Current Price: $15
Target Price: $30 (speculative)
Upside: 100%+ (speculative)
Expiration Date: TBD
Liberty Health Sciences (LHSIF) – Merger Arbitrage – 15% Upside
Current Price: $0.95
Offer Price: $1.09
Upside: 15%
Expected Closing: end of Q1 2021
DuPont de Nemours (DD) – Split-Off – $400 Upside
Current Price: $77.88
Offer Price: $81.89
Upside: $400 (for 99 shares)
Expiration Date: 29th January
Think Childcare (TNK.AX) – Merger Arbitrage and Bidding War – 100% Upside
Current Price: A$1.51
Offer Price: A$1.75
Upside: 16% (+113% eventually realized)
Expected Closing: TBD
Pre-Merger SPACs
Venue to discuss pre-merger SPAC ideas.
Meten EdtechX Education Group (METXW) – Warrant Arbitrage – 200% Upside
Current Price: $0.285
Intrinsic Value: $0.86
Upside: 200%
Expiration date: 5th January 2021
NexPoint Strategic Opportunities (NHF) – Tender Offer – 19%+ Upside
Current Price: $10.06
Offer Price: $10.00 – $12.00
Upside: 19%
Expiration Date: 10th December
Countrywide (CWD.L) – Merger Arbitrage – 22% Upside
Current Price: £2.04
Offer Price: £2.50
Upside: 22%
Expected Closing: TBD