Last Week, in Event SPACE (15 May 2017)
In this note, Obayashi Road Corp (1896 JP) received an underwhelming offer; Television Broadcasts Ltd (511 HK) obtains the necessary buyout waiver...
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Battle to Be the Master of Domain Begins; Fairfax FVE Lifted to AUD 1.00 Per Share
TPG Consortium's indicative AUD 1.20 to 1.25 per share proposal to acquire Fairfax Media is pitched at a substantial premium to our intrinsic...
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Not Much Fun In Leisure; Ardent Leisure Undervalued While Event Hospitality Worth Monitoring
Leisure companies under our coverage endured a torrid reporting season, with average fiscal 2017 first-half EBITDA fall of 15% from a year ago. The...
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Valuations Stretched on ASX-Listed Corporate Hybrids
In November 2016 we stated a large proportion of redemptions would be reinvested in existing corporate issues to achieve some degree of sectoral...
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Longs & Shorts from Sohn Sydney Conference
With all the political excitement last week, the first Sohn Sydney conference on 11th November does not appear to have received much airtime within...
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