Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Eureka Group (EGH AU): Aspen's Offer Is A Non-Starter

Quiddity Advisors

Event-Driven

<ul>
<li>On the 2 March 2023, <strong><a href="https://www.smartkarma.com/entities/aspen-group" target="_blank" data-smartkarma-citation="entities:20680:1" rel="noopener">Aspen Group (APZ AU)</a></strong> made an all-scrip NBIO for <strong><a href="https://www.smartkarma.com/entities/eureka-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:20321:1" rel="noopener">Eureka Group (EGH AU)</a></strong>, a senior accommodation rental play. The implied A$0.399/share Offer was subsequently rejected.  </li>
<li>Aspen held 13.7% of shares out at the time, having acquired the stake in December 2022. Aspen has returned with all-scrip off-market Offer with an improved implied price of A$0.431/share. </li>
<li>The Offer is contingent of Aspen getting to 50.1% of shares out. Eureka said it hasn't received a formal approach. I think they'll ask for more gruel.</li>
</ul>


On the 2 March 2023, Aspen Group (APZ AU) made an all-scrip NBIO for Eureka Group (EGH AU), a senior accommodation rental play. The implied A$0.399/share Offer was subsequently rejected.  
Aspen held 13.7% of shares out at the time, having acquired the stake in December 2022. Aspen has returned with all-scrip off-market Offer with an improved implied price of A$0.431/share. 
The Offer is contingent of Aspen getting to 50.1% of shares out. Eureka said it hasn't received a formal approach. I think they'll ask for more gruel.


Eureka Group (EGH AU): Aspen's Sweetened Offer

Eureka Group Holdings

Eureka Group (EGH AU): Aspen's Sweetened Offer