reports
- Stephane Foucaud
Auctus on Friday - 20/10/2023
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target price of A$0.80 per share: Two high impact wells to commence drilling by YE23 – ADX is expected to start drilling the Anshof-2 appraisal well in November. The well is targeting 4.9 mmboe possible reserves (net to ADX). Anshof is also estimated to hold 5.5 mmboe net 3C contingent resources (net to ADX). The Anshof-2 well is anticipated to be onstream together with the existing Anshof-3 well in 1H24. The Ansh...
EGY VAALCO ENERGY INC.
MSMN MOSMAN OIL AND GAS
CNE. CANACOL ENERGY LTD
WPL WOODSIDE PETROLEUM LTD
SEI. SINTANA ENERGY
PEN PANORO ENERGY ASA
DNO DNO ASA CLASS A
MAHA A MAHA ENERGY
CE1 CALIMA ENERGY
ZPHR ZEPHYR ENERGY
OKEA OKEA
AXL. ARROW EXPLORATION LTD
TAL PETROTAL (TAL)
SOUC SOUTHERN ENERGY CORP
PLSR CN PULSAR HELIUM INC.
ADX ADX ENERGY LTD
BNL BLUE STAR HELIUM LTD
Sayona Mining Limited: 2 directors
Two Directors at Sayona Mining Limited subscribed to/sold 10,461,054 shares at between 0.180AUD and 0.180AUD. The significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company...
- Sid Rajeev
- Sid Rajeev
Nufarm Limited: 1 director
A director at Nufarm Limited maiden bought 8,450 shares at 5.930AUD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
- Sid Rajeev
- Sumeet Singh
- Sumeet Singh
BHP Woodside distribution Placement
BHP shareholders received US$18bn worth of Woodside petroleum shares on 1st Jun 2022, post the completion of the merger. As a part of the distribution, some shares belonging to ineligible and other small shareholders are being sold by the sales agent, JPM, in a US$823m block. In this note, we will look at the possible deal dynamics and run the deal through our ECM framework.
- Clarence Chu
Oravel Stays (Oyo) Pre-IPO
Oravel Stays (Oyo) is looking to raise around US$700m in its upcoming India IPO. The IPO will consist of both a primary and secondary portion. Oyo runs a digital platform that serves as a hotel and home aggregator between patrons, which include owners and lessors, and customers, such as travelers and guests booking for accommodation. As of Mar 2021, Oyo had 157,344 storefronts across more than 35 countries listed on its platform. The firm has strong network effects from growing both its supply...
- Clarence Chu
- Clarence Chu
Sayona Mining Placement
Sayona Mining is looking to raise A$190m (approx US$135m) to restart its North American Lithium (NAL) mine. On Monday (23rd May 2022), Sayona Mining had published a positive pre-feasibility study on the NAL mine, where shares have since corrected 26.8%. The NAL mine is co-owned with US-based Lithium explorer, Piedmont Lithium, where Sayona Mining owns 75% interest, with the remainder 25% owned by Piedmont Lithium.
- Sumeet Singh
Cloud Village (NetEase Music) IPO Lock-up
Cloud Village Inc. (CVI), also known as NetEase Music, raised around US$420m in its Hong Kong IPO in Dec 21. The IPO was almost entirely taken up by cornerstones, of which the largest was Netease, who together took up 83% of the deal. The company had also earlier obtained investments from Baidu and Alibaba, along with a host of other mainly PE investors. These investors will be released from their lock-up on 1st Jun 2022. In this note, we will talk about the lock-up dynamics and updates over ...
- Clarence Chu
Nufarm Placement
Sumitomo Chemical is looking to sell its entire stake in Nufarm Ltd to raise A$338.3m (US$240.6m). Sumitomo Chemical had been a strategic investor, where it purchased 20% of the firm via a tender offer at A$14/share. The former had also acquired Nufarm’s South American businesses in mid-2020. While this would be a clean-up sale, the deal is a large one to process at 36 days ADV.
- Sumeet Singh
Converge ICT Placement
Warburg Pincus, aims to raise around US$138m via selling its 3.6% in Converge ICT (CICT). The sale will be accompanied by a company buyback and a private transaction. Warburg had earlier sold in the IPO and then in Nov 21, and this trade will be a cleanup. In this note, we will run the deal through our ECM framework.
- Sumeet Singh
Delhivery IPO Trading
Delhivery raised around US$680m in its India IPO, the company is backed by a host of financial investors, the largest being Softbank. Delhivery is an online logistics service provider which covers express parcel delivery, heavy goods delivery, part truckload (PTL) freight, truckload (TL) freight, supply chain solutions, cross border solutions etc.. It also provides value-added services such as e-commerce return services, installation and assembly services and fraud detection. As of Jun 2021 (1Q...
- Sumeet Singh
BHP Woodside distribution
BHP shareholders will receive US$18bn worth of Woodside petroleum shares on 1st Jun 2022, post the completion of the merger. As a part of the distribution, some shares belonging to ineligible and other small shareholders will have to be sold by the sales agent, JPM. Such shares could add up to US$1.5bn in stock sales which will be done in early June. In this note, we will look at the possible deal dynamics and the overall background of the deal.
- Sumeet Singh
- Clarence Chu
Paradeep Phosphates IPO
Paradeep Phosphates is looking to raise up to US$194m in its India IPO. The IPO will consist of a mix of primary and secondary shares. Paradeep Phosphates (PP) is a fertilizer manufacturing company based in India. The firm engages in manufacturing, trading, distribution and sales of a variety of complex fertilizers. PP has a vertically integrated model with long term agreements for raw material supply stability. Given the volume-dependent nature for growth, PP has also managed to grow its vo...
- Clarence Chu
VistaREIT IPO
VistaREIT is looking to raise about US$158m in its Philippines IPO. This would be a 100% secondary selldown by the Sponsors; the REIT would not receive any proceeds from the IPO. Vista REIT (VREIT) is a Philippine REIT which owns commercial properties, comprising both retail and office properties. The REIT had weathered the effects of COVID relatively well, given its exposure towards essential providers and BPO tenants. However, its larger assets have seen their occupancies dwindle since FY19....
- Clarence Chu
VistaREIT IPO
VistaREIT is looking to raise about US$158m in its Philippines IPO. This would be a 100% secondary selldown by the Sponsors; the REIT would not receive any proceeds from the IPO. Vista REIT (VREIT) is a Philippine REIT which owns commercial properties, comprising both retail and office properties. Its initial portfolio consists of 12 Properties with an aggregate GLA of 256,403.95 sqm as of Dec 2021 and an aggregate valuation of PHP35.95bn, as per Asian Appraisal Company. The portfolio comprises...
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