Current Price: €1.85
Target Price: €2.9+
Upside: 56%+
Expiration Date: TBD
Hertz (HTZ) – Pending Delisting – Upside 50% (very risky)
Current Price: $1.50
Target Price: $0.75 (ultimatelly a $0.00)
Upside: 50%
Expected date: Q3 2020
Westell Technologies (WSTL) – Reverse Split – $450 Upside
Current Price: $1.05
Offer Price: $1.48
Upside: $450 (for odd-lots)
Expected Closing: late Q3 / early Q4
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
Parker Drilling (PKD) – Reverse Split – $850 Upside (Too Risky)
Current price: $21.45
Cash Out Price: $30.00
Upside: $850 (for odd-lots)
Expiration Date: TDB
Stanley Furniture (STLY) – Delisting and Forced Selling – 30% upside
Current Price – $0.58
Unaffected share price – $0.7 – $0.8
Upside – 18%-30%
Expiration Date – TBD
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.