Smartkarma Research Team, Smartkarma

Smartkarma Research

Smartkarma Research Team

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

<div><ul style="list-style-type: disc;"><li>In the next installment of our Webinar series, we go live with Smartkarma Insight Provider <a href="https://www.smartkarma.com/profiles/jesus-rodriguez-aguilar" target="_blank" data-smartkarma-citation="accounts:5842" rel="noopener">Jesus Rodriguez Aguilar</a>. </li><li>He will be sharing with us his top trade ideas and insights in the European event-driven space. </li><li>From current opportunities, to what we can expect next in the region, join us as we get the full picture from Jesus. </li></ul></div><div><h3>The webinar will be hosted on Wednesday, 23 August 2023, 17:00 SGT/HKT.</h3></div><div><div><div><div><div class="content-highlight"><h2><a href="https://share.hsforms.com/1H9pFZOB-RF2J00kbvMmxcw2c5gj?zoom_webinar_id=84436134314" target="_blank" rel="noopener">Register for the Webinar here</a></h2></div></div></div></div></div><div><p><a href="https://www.smartkarma.com/profiles/jesus-rodriguez-aguilar" target="_blank" data-smartkarma-citation="accounts:5842" rel="noopener">Jesus Rodriguez Aguilar</a> is an Event-Driven Analyst looking across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. </p></div>

In the next installment of our Webinar series, we go live with Smartkarma Insight Provider Jesus Rodriguez Aguilar. He will be sharing with us his top trade ideas and insights in the European event-driven space. From current opportunities, to what we can expect next in the region, join us as we get the full picture from Jesus. The webinar will be hosted on Wednesday, 23 August 2023, 17:00 SGT/HKT.Register for the Webinar hereJesus Rodriguez Aguilar is an Event-Driven Analyst looking across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. 

Smartkarma Webinar | Top Trade Ideas in European Event-Driven

European Event-Driven Analyst

Jesus Rodriguez Aguilar

<ul>
<li>Searchlight agreed to acquire via scheme of arrangement UK asset manager <a href="https://www.smartkarma.com/entities/gresham-house-plc" target="_blank" data-smartkarma-citation="entities:39932:1" rel="noopener">Gresham House PLC (GHE LN)</a> for 1,105p/share in cash, c.£470 million, 12.6x EV/Fwd NTM EBITDA, 17.6x Fwd P/E. Terms are final.</li>
<li>Irrevocables plus letters of intent total 33%. Although the consensus median TP is 1,170p/share (c. 5.8% higher), it seems difficult to argue with a 63% premium.</li>
<li>Taking 680p break, the shares are pricing an 89% probability of completion. Spread is 4.3%/10.3% (gross/annualised), which explains why the shares have been liquid since the offer announcement. Long.</li>
</ul>


Searchlight agreed to acquire via scheme of arrangement UK asset manager Gresham House PLC (GHE LN) for 1,105p/share in cash, c.£470 million, 12.6x EV/Fwd NTM EBITDA, 17.6x Fwd P/E. Terms are final.
Irrevocables plus letters of intent total 33%. Although the consensus median TP is 1,170p/share (c. 5.8% higher), it seems difficult to argue with a 63% premium.
Taking 680p break, the shares are pricing an 89% probability of completion. Spread is 4.3%/10.3% (gross/annualised), which explains why the shares have been liquid since the offer announcement. Long.


Searchlight/Gresham House: Attractive Spread

United Kingdom

Gresham House PLC operates as an asset management company. The Company offers investments in public equity, private assets, and real estate assets. Gresham House serves customers in the United Kingdom.

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Gresham House PLC (GHE LN)

Smartkarma Webinar | Top Trade Ideas in European Event-Driven

In our next Webinar, Smartkarma Insight Provider Jesus Rodriguez Aguilar will be sharing with us his top trade ideas in the European event-driven...

Smartkarma Research

Searchlight/Gresham House: Attractive Spread

Searchlight agreed to acquire via scheme of arrangement UK asset manager Gresham House PLC (GHE LN) for 1,105p/share in cash, c.£470 million, 12.6x...

Jesus Rodriguez Aguilar

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)