IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>The IE considers K1’s A$4.85 offer for <a href="https://www.smartkarma.com/entities/elmo-software-ltd" target="_blank" data-smartkarma-citation="entities:24342:1" rel="noopener">Elmo Software (ELO AU)</a> to be fair and reasonable as it is towards the high end of its valuation range of A$4.39-4.98.</li>
<li>K1 has received FIRB and US antitrust approval. The remaining key conditions are shareholders and court approval.</li>
<li>This is a done deal. At the last close price and for the 23 February 2023 payment, the gross and annualised spread is 1.9% and 10.9%, respectively.</li>
</ul>


The IE considers K1’s A$4.85 offer for Elmo Software (ELO AU) to be fair and reasonable as it is towards the high end of its valuation range of A$4.39-4.98.
K1 has received FIRB and US antitrust approval. The remaining key conditions are shareholders and court approval.
This is a done deal. At the last close price and for the 23 February 2023 payment, the gross and annualised spread is 1.9% and 10.9%, respectively.


Elmo Software (ELO AU)’s Scheme Meeting on 30 January

<p><a href="https://www.smartkarma.com/entities/credible-labs-inc" target="_blank" data-smartkarma-citation="entities:26658:1" rel="noopener">Credible Labs (CRD AU)</a> is an online loan marketplace. On Monday, Credible Labs entered into a merger agreement with a subsidiary of Fox Corporation. Fox’s proposal of A$2.21 cash per CDI (A$55.25 per common stock). </p><div class="content-highlight"><p>The Board has unanimously recommended the bid, but there are differing views among shareholders. The bid requires approval from the majority of shareholders (excluding Stephen Dash and his affiliates). Overall, we believe that Fox’s bid is unattractive as it does not fully account for Credible Labs’ growth prospects. </p></div>

Credible Labs (CRD AU) is an online loan marketplace. On Monday, Credible Labs entered into a merger agreement with a subsidiary of Fox Corporation. Fox’s proposal of A$2.21 cash per CDI (A$55.25 per common stock). The Board has unanimously recommended the bid, but there are differing views among shareholders. The bid requires approval from the majority of shareholders (excluding Stephen Dash and his affiliates). Overall, we believe that Fox’s bid is unattractive as it does not fully account for Credible Labs’ growth prospects. 

Credible Labs: Seeking a More Credible Fox Bid?

Australia

LiveHire Ltd operates as a talent management company. The Company offers employee database management, job search, talent development, and career guidance services. LiveHire conducts its business in Australia.

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LiveHire Ltd (LVH AU)

Elmo Software (ELO AU)’s Scheme Meeting on 30 January

This is a done deal. At the last close price and for the 23 February 2023 payment, the gross and annualised spread is 1.9% and 10.9%, respectively.

Arun George

Credible Labs: Seeking a More Credible Fox Bid?

Credible Labs (CRD AU) is an online loan marketplace. On Monday, Credible Labs entered into a merger agreement with a subsidiary of Fox...

Arun George

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