Monthly Update – February 2021
During February 2021 we’ve posted 11 new ideas and closed 7 cases (all profitably).
Author Archives: dt
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
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
CBA Florida (CBAI) – Liquidation – 40% Upside
CombiMatrix Warrants (CBMXW) – Merger Arbitrage – 12% upside
Current Price – $2.70
Offer Price – $3.02
Upside – 12%
Expiration Date – TBD
Ashford Hospitality Trust (AHT-PG) – Preferred Stock Tender – 80% Upside
Current Price: $5.42
Offer Price: $10.0
Upside: 80%
Expiration Date: Q4 2020
AMC Networks (AMCX) – Tender Offer – $280 Upside
Current Price: $23.69
Offer Price: $22.50 – $26.50
Upside: $280 (for 99 shares if priced at the upper limit)
Expiration Date: 14th of October
Monash Absolute Investment (MA1.ASX) – NAV Discount Elimination – 10% Upside
Current Price: A$1.07
Current NAV: A$1.18 (post-tax)
Upside: 10%
Expiration Date: Q1 2021
Pfenex (PFNX) – CVR – 11% Upside (or 200% on CVR Investment)
Current Price: $12.65
Offer Price: $12.00 in cash + $2.00 CVR
Upside: 11% full investment or 200% on CVR investment
Expected Closing: Q4 2020
Input Capital (INP.V) – Merger Arbitrage – 13% Upside
Current price: C$1.56
Offer price: C$1.75
Upside: 13%
Expected closing: October 2020
Georgia Healthcare (GHG.L) – Squeeze Out – 10% Upside
Current Price: £0.675
Offer Price: £0.741 (in CGEO.L shares)
Upside: 10%
Expiration Date: 28th of August
Pollen Street Secured Lending (PSSL.L) – Merger Arbitrage – 21% Upside
Current Price: £7.42
Offer Price: £9.00
Upside: 21%
Expected Close: TBD