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In today’s briefing:
- AUB Group Placement – Good Track Record, Accretive Acquisition
- Japan Post Insurance – Weakening Policies In Force and Meaningful Hits from Non-Operational Items
- Magyar Bancorp Inc (MGYR) – Tuesday, Feb 20, 2024
- Attention Is All You Need
- A Bullish Beat Down For BTC Bears
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AUB Group Placement – Good Track Record, Accretive Acquisition
- AUB Group Limited (AUB AU) is looking to raise up to AUD200m (US$133m) to fund the acquisition of Pacific Indemnity.
- The company has a good track record and the deal will be accretive to EPS.
- In this note, we’ll run the deal through our ECM framework and comment on deal dynamics.
Japan Post Insurance – Weakening Policies In Force and Meaningful Hits from Non-Operational Items
- Japan Post Insurance (7181 JP) shows us that worsening policies in force is far more important to earnings than staggering growth of new policies.
- Returns and profit growth are weak and this should matter more than a puritanical focus on new policies, embedded value.
- Non-Operational line items, likely hedging costs and reserve adjustments, are cancelling out most all positives in operations.
Magyar Bancorp Inc (MGYR) – Tuesday, Feb 20, 2024
- Magyar Bancorp (MGYR) completed its second-step conversion in July 2021, making it eligible for acquisition by another bank in July 2024
- MGYR has seven branch locations in New Brunswick, New Jersey, with a small market share in Middlesex and Somerset counties
- The company’s strategic location and potential for growth may make it an attractive target for acquisition in the future
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
Attention Is All You Need
- Meme Coins Reflect Disillusionment: Emerging from distrust in traditional finance, meme coins leverage cultural relevance for adoption.
- Attention Drives Crypto Value: Memes and narratives shape crypto value, emphasizing the importance of attention.
- AI Disrupts Attention Economy: AI threatens traditional distribution channels, making crypto a potential solution.
A Bullish Beat Down For BTC Bears
- ETH ETF Approval Odds Soar: Bloomberg increases ETH spot ETF approval odds from 25% to 75%, shaking up the crypto market.
- BTC ETF Inflows Rebound: BTC ETF inflows revive, marking the first consecutive positive flow days in over a month, signaling bullish potential.
- Bullish BTC Momentum: BTC holds above $65K, showing bullish market structure with potential for retesting $71K-$72K amidst improving ETF flows.