IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Norwest Energy (NWE AU): The Board Perplexing Succumbs to MinRes’ Revised Offer

Norwest Energy (NWE)’s Opportunistic Bid from Mineral Resources (MIN AU)

Warrego (WGO AU)’s Rinehart V Stokes Takeover Tussle in Full Swing

Warrego (WGO AU) In a Three-Way Tussle with Hancock’s A$0.23 Offer

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Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mineral-resources-ltd" target="_blank" data-smartkarma-citation="entities:15103:1" rel="noopener">Mineral Resources (MIN AU)</a>'s off-market takeover offer at 1 MIN share for every 1,367 NWE shares closes on 6 February. The target's statement will be despatched by early to mid-January.</li>
<li>The <a href="https://www.smartkarma.com/entities/norwest-energy-nl" target="_blank" data-smartkarma-citation="entities:1433:1" rel="noopener">Norwest Energy NL (NWE AU)</a> Board recommends shareholders take no action. The timing is opportunistic and motivated by recent Perth Basin consolidation activity. </li>
<li>Hancock’s latest bid for <a href="https://www.smartkarma.com/entities/warrego-energy-ltd-082ab214-f4bb-4224-b321-8977486cd661" target="_blank" data-smartkarma-citation="entities:7808:1" rel="noopener">Warrego Energy (WGO AU)</a> suggests that Norwest is worth at least 20% more than MinRes’ offer. Expect the Board to reject the offer.</li>
</ul>



Mineral Resources (MIN AU)'s off-market takeover offer at 1 MIN share for every 1,367 NWE shares closes on 6 February. The target's statement will be despatched by early to mid-January.
The Norwest Energy NL (NWE AU) Board recommends shareholders take no action. The timing is opportunistic and motivated by recent Perth Basin consolidation activity. 
Hancock’s latest bid for Warrego Energy (WGO AU) suggests that Norwest is worth at least 20% more than MinRes’ offer. Expect the Board to reject the offer.


Norwest Energy (NWE AU): Valuation Read Across from Warrego’s Takeover Battle