Ron Shamgar provides an update on a number of the companies held in TAMIM's Australian equities portfolios.
Three weeks ago Ron Shamgar was on the business channel Ausbiz discussing a number of companies we own with takeover appeal. One of them was rhipe (RHP.ASX). Last week RHP received a takeover bid at a 35% premium to when TAMIM bought in. This week we explain why we believe RHP is still undervalued and explore two other potential targets we like.
This week we discuss the ultimate outcome for any share market investment - a takeover. In the last twelve months, the TAMIM Australian All Cap and Small Cap Income portfolios received a total of six takeover offers between them. As we head into the new year, we highlight three stocks that might be acquired in 2020. Find out which ones below.
This week we would like to revisit a topic that we first wrote about more than two years ago and one which seems particularly prescient in the current global situation. In a world of lofty valuations and increasing volatility, wouldn’t it be nice if we had a way to systematically make a profit by identifying mispriced securities? Well there is, it is in the world of mergers and acquisitions.
Karl Hunt, of the Global High Conviction strategy, examines one of their more interesting investments. A stock that could be end up being taken out by a bigger fish or, if not, could end up being a compelling media play in its own right.
This week we present a piece by Hamish Carlisle, from Merlon Capital Partners who power the TAMIM Australian Equity Income IMA, examining the shareholder value implications of CBA’s acquisition of Colonial in 2000 as a case study in poor capital allocation.
This week the portfolio finds itself exiting a long time holding Broadspectrum Limited. The company has seen its share price jump 32.1% to $1.48 over the last week, after the diversified services and contracting company decided to accept the takeover bid from Ferrovial. The company’s board had rejected the Spanish infrastructure and services giant’s advances previously, but have now unanimously recommended shareholders accept the $1.50 cash per share bid.
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TAMIM Asset Management provides general information to help you understand our investment approach. Any financial information we provide is not advice, has not considered your personal circumstances and may not be suitable for you.