In today’s briefing:
- Link Admin And Dye & Durham Agree On Terms
- Link and DND Shake Hands at A$4.81
- How Real Are the Capex Cuts for Hynix?
- Alphyn Capital Management Letter To Investors Q2 2022
- Alphyn Capital Management Letter To Investors Q2 2022
- Alteryx, Inc.: Initiation of Coverage – Enterprise Analytics, Public Sector Offerings & Other Drivers, Financial Forecasts, DCF & Comparables Valuation, Key Risks (07/22)
Link Admin And Dye & Durham Agree On Terms
- Link Administration (LNK AU) announced it has agreed to Dye & Durham’s latest $4.81/share offer, which is 13% below its initial $5.50/share approach last December.
- Link shareholders may also receive an additional A$0.13 from the sale of the Banking and Credit Management (BCM) business under the latest offer.
- This transaction is still subject to Australian Competition and Consumer Commission clearance, which should happen once D&D undertakes to offload its GlobalX ops.
Link and DND Shake Hands at A$4.81
- Link Administration (LNK AU) has entered a revised scheme implementation deed with Dye&Durham/DND at A$4.81 per share. The scheme meeting will be held in mid-August.
- Shareholders will be supportive due to deal fatigue, and the offer price is 11% above the undisturbed price and at the low end of the original IE valuation range.
- Regulatory approvals are a key risk. DND is presumably confident in its undertakings to gain ACCC approval. At last close, the gross spread is 7.8%.
How Real Are the Capex Cuts for Hynix?
- Are the cuts a sign of discipline that we have been waiting for or
- Is it due to lack of ability to procure the equipment?
- Seems a combination of both if you listen to the words of the Chairman
Alphyn Capital Management Letter To Investors Q2 2022
- Alphyn Capital Management LLC (“ACML”) is a registered investment advisor in New York. We help clients invest in high quality public companies to both preserve and grow their wealth over the long-term.
- The Master Account, in which I am personally invested alongside SMA clients, returned -14.7% net in Q2 2022, as reported by our fund administrator.
- With the threat of increasing rates, investors have renewed their focus on profits.
- I try not to take a position on a discrete event, such as interest rates or quarterly earnings, as the odds of getting these right are too low, and the costs of getting these wrong are too high.
Alphyn Capital Management Letter To Investors Q2 2022
- Alphyn Capital Management LLC (“ACML”) is a registered investment advisor in New York. We help clients invest in high quality public companies to both preserve and grow their wealth over the long-term.
- The Master Account, in which I am personally invested alongside SMA clients, returned -14.7% net in Q2 2022, as reported by our fund administrator.
- With the threat of increasing rates, investors have renewed their focus on profits.
- I try not to take a position on a discrete event, such as interest rates or quarterly earnings, as the odds of getting these right are too low, and the costs of getting these wrong are too high.
Alteryx, Inc.: Initiation of Coverage – Enterprise Analytics, Public Sector Offerings & Other Drivers, Financial Forecasts, DCF & Comparables Valuation, Key Risks (07/22)
- This is our first report on process automation player, Alteryx.
- The company had a great start to 2022 and saw increasing traction with large enterprise customers.
- The company’s brand-new, integrated Alteryx Analytics Cloud platform now offers access to its entire cloud portfolio.
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