Investment Strategist, Transparently.AI

Mark Jolley

Investment Strategist

AI detection of accounting fraud and manipulation

Transparently.AI

Fraud and manipulation of their numbers see companies lose USD1 trillion+ per year for their stakeholders. Transparently.AI has developed an AI system that determines:

1. The likelihood that a company is committing fraud/serious manipulation of their books;
2. Whether it is serious enough to result in total corporate failure;
3. Estimated $ losses to stakeholders;
4. How that manipulation/fraud evolves through time; and
5. Detailed analytics on the forms of manipulation/fraud (e.g. which parts of the accounts, what tricks of the trade, questions for analysts to ask management, where/how to investigate further, etc.).

This is effectively automating the analysis of forensic accountants, activist short sellers, credit analysts, etc to do work that would typically take weeks per company, and instead run it in seconds and for thousands of companies simultaneously.

Critically, this solution frequently alerts users to the presence of serious manipulation risk up to 2-3 years in advance of the wider market and short sellers becoming aware of problems.

Forensic Accounting

Star Entertainment Group / Forensic Accounting

<ul>
<li>Star Entertainment stock has plunged &gt;90% from its peak as rising online competition and regulatory issues hamper its recovery from Covid</li>
<li>Company has reported billions of losses,  sought more than A$1 billion in emergency capital</li>
<li>AI system shows Star has exhibited poor accounting quality for a number of years, even as stock climbed</li>
</ul>


Star Entertainment stock has plunged &gt;90% from its peak as rising online competition and regulatory issues hamper its recovery from Covid
Company has reported billions of losses,  sought more than A$1 billion in emergency capital
AI system shows Star has exhibited poor accounting quality for a number of years, even as stock climbed


Star Entertainment: Trouble in Casino Land

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>I am not a tax advisor and I do not play one on TV but it is a subject of interest in Australia, as <a href="https://www.afr.com/wealth/personal-finance/opportunities-as-investors-sell-stocks-for-tax-losses-before-june-30-20220527-p5ap0w" target="_blank" rel="noopener">an AFR article</a> from June 2022 shows.</li>
<li>The general gist: retail investors in Australia will take gains on stocks which run up in price, or get taken over, then look for losses to offset.</li>
<li>The portfolio worked well in April. Now we let April ride and add the May basket.</li>
</ul>


I am not a tax advisor and I do not play one on TV but it is a subject of interest in Australia, as an AFR article from June 2022 shows.
The general gist: retail investors in Australia will take gains on stocks which run up in price, or get taken over, then look for losses to offset.
The portfolio worked well in April. Now we let April ride and add the May basket.


Tax-Loss Selling in Australia 2024 - The May Basket (April Basket +2.3 to +6.3% Rtn)

David Blennerhassett

<ul>
<li>Troubled casino operator <a href="https://www.smartkarma.com/entities/star-entertainment-group-ltd" target="_blank" data-smartkarma-citation="entities:926:1" rel="noopener">Star Entertainment (SGR AU)</a><a href="https://announcements.asx.com.au/asxpdf/20240520/pdf/063qmlyvz81ytz.pdf" target="_blank" rel="noopener"> announced</a> it had “received inbound interest” from several parties, including "Hard Rock Hotels &amp; Resorts ... a local partner of Hard Rock".</li>
<li>Star is in the doghouse, again,  as the regulator conducts (another) review amid concerns Star did not do enough to remedy the problems identified in the first review. </li>
<li>Facing “serious and systemic non-compliance” with anti-money laundering laws, Star faces the distinct possibility of losing is casino licence in Sydney; and potentially the one in Queensland.  </li>
</ul>


Troubled casino operator Star Entertainment (SGR AU) announced it had “received inbound interest” from several parties, including "Hard Rock Hotels &amp; Resorts ... a local partner of Hard Rock".
Star is in the doghouse, again,  as the regulator conducts (another) review amid concerns Star did not do enough to remedy the problems identified in the first review. 
Facing “serious and systemic non-compliance” with anti-money laundering laws, Star faces the distinct possibility of losing is casino licence in Sydney; and potentially the one in Queensland.  


Star Entertainment (SGR AU): Hard Rock Rolls The Dice

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Nov 8th (reported today) which has an aggregated short interest worth USD25.2bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in National Australia Bank, Sigma Pharmaceuticals, Macquarie, Aristocrat Leisure, Evolution Mining.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Nov 8th (reported today) which has an aggregated short interest worth USD25.2bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in National Australia Bank, Sigma Pharmaceuticals, Macquarie, Aristocrat Leisure, Evolution Mining.


ASX Short Interest Weekly (Nov 8th): National Australia Bank, Sigma Pharmaceuticals, Macquarie

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Jun 14th (reported today) which has an aggregated short interest worth USD19.3bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in BHP, Champion Iron, Woolworths.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jun 14th (reported today) which has an aggregated short interest worth USD19.3bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in BHP, Champion Iron, Woolworths.


ASX Short Interest Weekly (Jun 14th): BHP, Champion Iron, Woolworths

Australia

The Star Entertainment Group Limited owns and operates casinos and hotels. The Company offers services and amenities such as gaming facilities, nightclubs, bars, restaurants, exhibition centers. The Star Entertainment Group conducts business in Australia.

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Star Entertainment Group (SGR AU)

Star Entertainment: Trouble in Casino Land

Star Entertainment stock has plummeted over 90% due to competition, regulatory issues, leading to billions in losses and emergency fundraising....

Mark Jolley

Tax-Loss Selling in Australia 2024 - The May Basket (April Basket +2.3 to +6.3% Rtn)

The Aussie Tax-Loss Selling Basket had a good first month. The second month (June) is usually better than the first. The May basket (i.e. added...

Travis Lundy

Star Entertainment (SGR AU): Hard Rock Rolls The Dice

Opportunistic suitors? Maybe. Probably. But like Crown, Star needs a clean slate. And that means it should be busted-up, or privatised -...

David Blennerhassett

ASX Short Interest Weekly (Nov 8th): National Australia Bank, Sigma Pharmaceuticals, Macquarie

We analyzed ASX short interest report for the past week and highlight short interest changes in National Australia Bank, Sigma Pharmaceuticals,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Jun 14th): BHP, Champion Iron, Woolworths

We analyzed ASX short interest report for the past week and highlight short interest changes in BHP, Champion Iron, Woolworths.

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Star Entertainment: Trouble in Casino Land

​Star Entertainment stock has plummeted over 90% due to competition, regulatory issues, leading to billions in losses and emergency fundraising....

Mark Jolley

Tax-Loss Selling in Australia 2024 - The May Basket (April Basket +2.3 to +6.3% Rtn)

The Aussie Tax-Loss Selling Basket had a good first month. The second month (June) is usually better than the first. The May basket (i.e. added...

Travis Lundy

Star Entertainment (SGR AU): Hard Rock Rolls The Dice

Opportunistic suitors? Maybe. Probably. But like Crown, Star needs a clean slate. And that means it should be busted-up, or privatised -...

David Blennerhassett

ASX Short Interest Weekly (Nov 8th): National Australia Bank, Sigma Pharmaceuticals, Macquarie

We analyzed ASX short interest report for the past week and highlight short interest changes in National Australia Bank, Sigma Pharmaceuticals,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Jun 14th): BHP, Champion Iron, Woolworths

We analyzed ASX short interest report for the past week and highlight short interest changes in BHP, Champion Iron, Woolworths.

Ke Yan, CFA, FRM

Star Entertainment stock has plummeted over 90% due to competition, regulatory issues, leading to billions in losses and emergency fundraising....