#539 if this $SWTX $47 deal price is right then I’m def voting against this deal! For first time in a long time. And so will many people I know. Ridiculous for the board to accept it! Sector is down 14% because of Trump risk off but still this company shouldn’t be sold below $60
#484 SELL $SPT LN. Sold whole position @ 175p. Hell or high water is there but I think this will prob take much longer than I originally anticipated to close!
#533 BUY $AMED @ $92.66. 2% NAV position. Rebuilding this one. Should pop on any new signed agreements (for the overlapping assets) and then settlement hopes.
#527 all in all….Emerson not bumping, no interloper risk given Emerson huge stake, Elliott staying put most probably…and offer likely to succeed in the end with good likelihood this wobbles as “optionality” trade turns into an $LTG like moment! All in all good short above offer
#526 SELL (Short) $AZPN @ $267.8….15% NAV position. That was easy intra-day money! Elliott is staying put..Emerson is best and final….not same thing as U.K. best and final but these guys not bumping to make Elliott money that’s for sure!
#522 BUY $LTG LN @ 90p. 5% NAV position. U.K. Scheme that trades very wide due to SH Vote risk which I think its unwarranted. I think either one or both of the shareholders complaining about the price will fold or attendance will be high enough where their votes don’t matter
#445 BUY $SMDS @ GBp 362.21 / SELL $IP @ $39.69. Fully hedged at a 12.5% gross spread. This European arb situation too good at these levels to ignore. Initiated a 4% NAV position. IP taken out by a Brazilian company like Suzano? No way! Makes no sense…hence the full hedge
#475 well it looks like common sense prevails again in the $IP / $SMDS Suzano saga! 30% spread becoming a 3% spread overnight! Bid-Ask was just too high! Another classic example of Buffet’s famous quote “be fearful when others are greedy and greedy when others are fearful”