Nikola (NKLAW) – Capital Structure Arbitrage – 26% Upside
Current Price: $34.52 (warrant price + exercise price)
Estimated Return: $43.65
Upside: 26%
Exercise Date: 6th of July, 2020
Current Price: $34.52 (warrant price + exercise price)
Estimated Return: $43.65
Upside: 26%
Exercise Date: 6th of July, 2020
Current Price – C$0.94
Cash-out Price – C$1.00
Upside – 7%
Expiration Date – Oct 2018
Current Price – $1.51
Merger Consideration – $1.72
Upside – 14%
Expiration Date – Q4 2018
Current Price – $16.05
Merger Consideration – $19 – $20
Upside – 15% – 20%
Expiration Date – TBD
Current Price – A$0.135
Acquisition Price – A$0.15
Upside – 11%
Expiration Date – Nov 26th 2018
Current Price – A$0.705
Merger Consideration – A$0.85
Upside – 20%
Expiration Date –August/September 2018
Current Price – $92
Expected Price – $105+
Upside – 10%+
Expiration Date – Dec 2018 (or Q1 2019)
Current Price – $14.69
Going Private Offer – $18.47
Upside – 26%
Expiration Date – TBD
Current Price – NZD1.16
Merger Consideration – NZD1.23 + NZD0.04 in dividends
Upside – 10%
Expiration Date –August 25th, 2018
Current Price – $1.2
Merger Consideration – $1.27
Upside – 6%
Expiration Date –TBD
Current Price – C$13.65
Merger Consideration – C$14.75
Upside – 8%
Expiration Date – expected by Q4 2018
Current Price – $0.485
Liquidation Value – $0.54
Upside – 11%+
Expiration Date – Q3 2018
Current Price – $12.54
Expected Price – $12.9+
Upside – 3%+
Expiration Date – Expected Q3 2018
Current Price – $34.57
Merger Consideration – $36.28
Upside – 5%
Expiration Date – 6th of September
Current Price – $4.52
Merger Consideration – $4.46 + $2.63 in CVR
Upside – 60% if CVR pays out
Expiration Date – Q3 2018
Current Price – $0.035
Expected Liquidation Distribution – $0.06-$0.07
Upside – 100%
Expiration Date – TBD
Current Price – $11.8
Tender Consideration – $13.25
Upside – 12%
Expiration Date – August 9, 2018
Current Price – $10.63
Tender Price – $10.2 – $11.72
Upside – 10% (if priced at the upper limit)
Expiration Date – September 6th, 2018
Current Price – $20.25
Acquisition Price – $21.73
Upside – 7.6%
Expiration Date – Q3 2018
Current Price – $0.40
Intrinsic Value – $0.55
Upside – 37%
Expiration Date – July 18, 2018
Current Price – $107.37
Merger Consideration – $127.5
Upside – 19%
Expiration Date – Q3 2018
Current Price – HK$10.44
Tender Consideration – H$11.78 + HK$0.39 in dividends
Upside – 16.5%
Expiration Date – 6th July, 2018
Current Price – $119
Merger Consideration – $103.75 + KDP Stub
Upside – 8%
Expiration Date – Jul 2018
Current Price – $630
Merger Consideration – $669
Upside – 6%+
Expiration Date – Q3 2018
Current Price – $8.3
Buyout Price – $8.71
Upside – 5%
Expiration Date – H1 2018
Current Price – $0.125
Post Reverse Split Price – $15
Upside – $15
Expiration Date – TBD
Current Price – $8.83
Expected Tender Price – $9.38
Upside – 6% (assuming constant NAV)
Expiration Date – June 19, 2018
Current Price – $40.9
Target Price – $47 (assuming discount to SIRI reverts to historical 20%)
Upside – 10%+
Expiration Date – TBD
Current Price – C$0.95
Merger Consideration – C$0.90 + C$0.45 Earnout
Upside – 45%
Expiration Date – 30th of May, 2018
Current Price – C$0.96
Acquisition Price – C$1.17
Upside – 22%
Expiration Date – May 2018
Current Price – C$0.075
Merger Consideration – C$0.156
Upside – 100%
Expiration Date – TBD
Current Price – $0.56
Acquisition Price – $0.6
Upside – 7%
Expiration Date – Q2 2018
Current Price – A$1.21
Acquisition Price – A$1.69
Upside – 40%
Expiration Date – Q2 2018
Current Price – $12.8
Tender Price – TBD
Upside – 8% – 23%
Expiration Date – May 2018
Current Price – $95.4
Tender Price – TBD
Upside – TBD
Expiration Date – Q2 2018
Current Price – $1.29
Acquisition Price – $1.67
Upside – 30%
Expiration Date – TBD
Current Price – $13.45
Expected Payout – $14.41
Upside – 7%
Expiration Date – mid 2018
Current Price – C$3.00
Merger Consideration – C$3.22 (in stock)
Upside – 7.2%
Expiration Date – April 9, 2018
Current Price – $0.50
Expectect Payout – $0.60 – $0.70
Upside – 20%-30%
Expiration Date – Q1 2018
Current Price – A$0.25
Tender Price – A$0.30
Upside – A$85 for odd-lots up to 1666 shares
Expiration Date – 2nd of March, 2018
Current Price – C$2.19
Buyout Offer – C$2.61
Upside – 20%
Expiration Date – March 8, 2018
Current Price – A$0.96
Merger Consideration – A$1.00
Upside – 4%
Expiration Date – April 9, 2018 (expected)
Current Price – $20.98
Buyout Price – $24
Upside – 14%
Expiration Date – TBD (currently unsolicited offer only)
Current Price – £1.7
Merger Consideration – £1.68+CVR
Upside – CVR worth up to £0.428
Expiration Date – End of March or early April
Current Price – $3.43
Expected Payout – $3.425 (consideration) + $0.05 (normal FY18 dividend) + $0.27 (potential value of franking credits to certain Australian investors)
Upside – 1%-9%
Expiration Date – Q2/Q3 2018
Current Price – C$8.04
Buyout Offer – C$8.10 + dividend C$0.026
Upside – 1.2%
Expiration Date – Q2 2018
Current Price – $1.37
Buyout offer – $2.66
Upside – 94%
Expiration Date – TBD (currently unsolicited offer only)
Current Price – $0.58
Unaffected share price – $0.7 – $0.8
Upside – 18%-30%
Expiration Date – TBD
Current Price – $7.78
Offer Price – $8.08
Upside – 4%
Expiration Date – 31 Dec, 2017 (might be extended)
Current Price – $0.42
Offer Price – $0.52-$0.6
Upside – 24% – 43%
Expiration Date – 12th of December, 2017
Current Price – $6.43
Potential Recovery – $6.73
Upside – $31 for odd-lots
Expiration Date – 30th of November 2017
Current Price – $13.41
Offer Price – $13.69
Upside – 2% or $25 for odd lot holders
Expiration Date – 21st of November, 2017
First a short foreword. Quite a few of you have shared investment ideas with me, but only a part of them ended up on the site. This was either do to lack of time to investigate them thoroughly or due to my belief that upside was not worth the risk. So usually if I did not take the position, I did not share that idea with the rest of community. Which is a pity, because some of these ideas actually
Current Price – $8.66
Potential Recovery – $9.23-$9.65
Upside – $100 for odd-lots if priced at the upper limit
Expiration Date – 19th of December 2017
Current Price – $515
Expectect Payout – $531-548
Upside – 3%-6%
Expiration Date – Q1 2018
Current Price – $8.67
Tender Price – $8.88 – $9.30
Upside – 7% (or $63 for odd-lots)
Expiration Date – 28 Dec 2018