Active ideas

Closed Ideas

Pendrell (PCO) – Going Private – Potential for 18% upside

Current Price – $6.36

Expected Cash-out – $6.55-$7.5

Upside – 18%

Expiration Date – expected by June 30, 2017

In the base case this trade has only $20 upside, but there is an embedded free option which might or might not materialize. It is definitely an interesting case from educational perspective.

Tejoori (TJI.LON) – Liquidation – 66% upside

Current Price – $0.384

Expected NAV – $0.63

Upside – 60%

Expiration Date – TBD (expected in H1 2017)

This is a microcap opportunity in London AIM Market. Tejoori has sold all of its assets and currently stands as a cash shell.  Management announced intention to distribute part of the proceeds to shareholders. Currently TJI trades at 40% discount to cash on hand and this gap is expected to close once the distribution is announced.