Daily Brief Financials: AUB Group Limited, Japan Post Insurance, Magyar Bancorp , Bitcoin Pro and more

• 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 (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 (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.

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