Special Situation Investments

Think Childcare (TNK.AX) – Merger Arbitrage and Bidding War – 100% Upside

Apr 29, 2021Dec 14, 2020

Current Price: A$1.51

Offer Price: A$1.75

Upside: 16% (+113% eventually realized)

Expected Closing: TBD

SUBMIT IDEA

Quick Pitch: Regional Health Properties (RHE-PA)
RHE has finally commenced the exchange offer of Series A prefs into new Series B prefs. Interestingly, the potentially dangerous…
dt on May 30, 2023
TCR2 Therapeutics (TCRR)
Nasdaq delisting notice for TCRR came out which says the deal will close Thursday June 1 - subject to shareholder…
hta on May 26, 2023
Quick Pitch: Regional Health Properties (RHE-PA)
commenced an offer to exchange. Should we submit for this exchange? https://finance.yahoo.com/news/regional-health-properties-inc-announces-150000879.html
Terence on May 25, 2023
TCR2 Therapeutics (TCRR)
Dan, thanks for sharing this arbitrage idea. Will be interesting to see if the vote will pass as easily as…
dt on May 25, 2023
TCR2 Therapeutics (TCRR)
I have exited my TCRR/ADAP arbitrage position at the current levels. Yesterday, the merger spread narrowed to 2.5%, and the…
DanX on May 25, 2023
Nanoco Group (NANO.L)
NANO's largest individual shareholder Tariq Hamoodi (owns 4%) has gone activist and released a presentation demanding board changes. Hamoodi claims…
Lukas on May 24, 2023
Talaris Therapeutics (TALS)
I have decided close TALS position and remove it from the active ideas list. The current price of $2.9/share is…
dt on May 24, 2023
SSI Weekly – Quick Pitches For SGA, DNTL.TO, CBIO
Closing out my optimism for an SGA variable dividend this year with Sam Bush's (CFO) response to my question. Anyone…
TheRick on May 24, 2023
Companhia Brasileira de Distribuicao (CBD)
Thank you Povilas for sharing this pitch.
dt on May 19, 2023
Companhia Brasileira de Distribuicao (CBD)
Letting fellow subscribers know, that I have exited my CBD position at current levels. The price is already very close…
Povilas on May 19, 2023
Transcontinental Realty Investors (TCI)
Unfortunately, the JV sale completion and the marked-to-market BV becoming clearly visible on TCI's balance sheet did not catalyze a…
dt on May 19, 2023
SSI Weekly – Quick Pitches For SIOX, CTLT, OTIC
I'm following four failed biotech liquidation plays: SIOX, MTCR, OTIC, and RUBY. Only OTIC made an initial distribution. The rest…
Vince on May 19, 2023
Talaris Therapeutics (TALS)
TALS released Q1 earnings. The cash burn in Q1 has been rather in line with my expectations. No updates were…
dt on May 19, 2023
SSI Weekly – Quick Pitches For TBRD.V, FNCH, TYR.AX
Thanks for your reflections. I agree and have a small position myself, but not really able to get true conviction…
Olve on May 19, 2023
SSI Weekly – Quick Pitches For TBRD.V, FNCH, TYR.AX
A bit of both. I like the breadth of the IP estate (including beyond what is asserted against Ferring), and…
JESQ on May 19, 2023
SSI Weekly – Quick Pitches For TBRD.V, FNCH, TYR.AX
Do you have a view on the value of the IP, or more of a "trust aligned insiders, very cheap…
Olve on May 19, 2023
SSI Weekly – Quick Pitches For TBRD.V, FNCH, TYR.AX
Also note FNCH is now touching on all-time lows of 34 cents / $16M market cap, albeit on tiny volume,…
JESQ on May 19, 2023
SSI Weekly – Quick Pitches For TBRD.V, FNCH, TYR.AX
FNCH has reported some good news on the leases, which de-risks this investment quite a bit, I think. They had…
JESQ on May 18, 2023
SSI Weekly – Pitches For SWKH, APE and IMRA
My thought is that nothing much is happening. I don't expect any near-term events. Nothing wrong with it but I…
Chris DeMuth Jr on May 18, 2023
Transcontinental Realty Investors (TCI)
10Q filed a few days back. http://transconrealty-invest.com/wp-content/uploads/2023/05/TCI-2023-03-31-10-Q.pdf As noted above C bonds paid of. There is a note in there…
Hasilp89 on May 18, 2023
SSI Weekly – Quick Pitches For SIOX, CTLT, OTIC
Dissolution was approved on April 5 and (almost) everyone except Nassif (who is CEO, CFO, CAO, and GC) seems to…
TheRick on May 18, 2023
SSI Weekly – Pitches For SWKH, APE and IMRA
Re SWKH: my pitch was mostly regarding strange management reshuffling in the company in light of the previously rejected buyout…
dt on May 18, 2023
Hollysys Automation Technologies (HOLI)
I believe it's time to close HOLI case as the expected privatization thesis seems to have failed and the previous…
dt on May 18, 2023
GasLog Partners (GLOP)
G98 -- not sure you characterize my belief the way I would. If I were to describe it, I would…
Chris DeMuth Jr on May 18, 2023
SSI Weekly – Quick Pitches For SIOX, CTLT, OTIC
Agree. Also, quite weird that the stock continues to trade on OTC markets. Shares now trade at $0.4/share, which is…
Lukas on May 18, 2023
Enzo Biochem (ENZ)
Following Jordan's comment above, I am removing ENZ from the list of active portfolio ideas. With reduced expectations of pro-forma…
dt on May 18, 2023
GasLog Partners (GLOP)
Thank you for responding, it is much appreciated. In light of DTs comments, and given your recent write up on…
G98 on May 18, 2023
GasLog Partners (GLOP)
G98 asked "Hi Chris, will you/Rangeley be joining Tourlite in pressuring the board formally and publicly?" No, not formally; just…
Chris DeMuth Jr on May 18, 2023
TCR2 Therapeutics (TCRR)
TCRR and ADAP Q1 results are out, so sharing an update. TLDR: I think the merger is still on track.…
DanX on May 18, 2023
GasLog Partners (GLOP)
No date yet (https://www.sec.gov/Archives/edgar/data/1598655/000110465923056630/tm2314213d1_ex99-a1.htm). My $0.02: https://seekingalpha.com/article/4605068-putting-the-g-in-esg-with-gaslog
Chris DeMuth Jr on May 18, 2023