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ECX, ECLIPX GROUP LIMITED
blacksheep
post Posted: Aug 20 2018, 04:26 PM
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In Reply To: JSB's post @ Aug 20 2018, 10:57 AM

Nice finish today - up 16.36% @ $2.49

Vinva Investment Management became a substantial holder - https://www.asx.com.au/asxpdf/20180820/pdf/...h44tztjj5nk.pdf
http://www.vinva.com/investment-approach

Shorts covering?
https://www.shortman.com.au/stock?q=ecx
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  
 
JSB
post Posted: Aug 20 2018, 10:57 AM
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In Reply To: blacksheep's post @ Aug 20 2018, 10:43 AM

Eclipx Group rejects non-binding indicative proposal from SG Fleet

My $2.50 call was not far off with an implied bid value of $2.52, however doesn't factor in any synergies. Bump it up by the midpoint of combined estimated synergies as per your article Blacksheep ($39.5m or 20.5%) and we're at $3.04. Happy days


Said 'Thanks' for this post: blacksheep  
 
blacksheep
post Posted: Aug 20 2018, 10:43 AM
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In Reply To: blacksheep's post @ Aug 16 2018, 02:03 PM

SG Fleet readies opportunistic play for Eclipx Group: sources
Aug 19 2018 at 10:08 PM
QUOTE
Street Talk understands SG Fleet has been running the numbers on the fleet management and consumer finance business, and is ready to pull the trigger on a cash bid pegged at about a 30 per cent premium to Eclipx's last close.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  
 
blacksheep
post Posted: Aug 16 2018, 02:03 PM
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Posts: 6,217
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In Reply To: JSB's post @ Aug 16 2018, 01:20 PM

You're welcome, JSB.

Hope this "rumour" is not like the Glencore "rumour" biggrin.gif although that rumour did wonders for the SP of a certain sector



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  
 
JSB
post Posted: Aug 16 2018, 01:20 PM
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In Reply To: blacksheep's post @ Aug 16 2018, 12:47 PM

Thanks for the link Blacksheep.

Picked up a (very small) parcel last week thinking $2.50 per share was par value. Happy now, but I'll be happier if SG Fleet back me up on that!


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blacksheep
post Posted: Aug 16 2018, 12:47 PM
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In Reply To: JSB's post @ Aug 10 2018, 02:45 PM

There were some take over rumoiurs in The Australian Dataroom this morning
Eclipx crash stirs takeover talk
data room dink for web
BRIDGET CARTER, SCOTT MURDOCH
QUOTE
A crash in the Eclipx Group share price last week has some betting that the company is ripe for a takeover.


If these rumours become reality, shorters are in trouble - short positions @ 9 August = 3.27%.
QUOTE
Wed 15th Aug, 2018 1,249,255 319,636,693 0.39% 2,703,962 46.20%
Tue 14th Aug, 2018 2,556,612 319,636,693 0.80% 5,718,127 44.71%
Mon 13th Aug, 2018 1,833,231 319,636,693 0.57% 7,017,540 26.12%
Fri 10th Aug, 2018 1,896,164 319,636,693 0.59% 4,599,984 41.22%
Thu 9th Aug, 2018 3,576,824 319,636,693 1.11% 10,174,252 35.16%
Wed 8th Aug, 2018 4,266,422 319,636,693 1.33% 24,508,569 17.41%
Tue 7th Aug, 2018 6,654,189 319,636,693 2.08% 57,091,539 11.66%

https://www.shortman.com.au/stock?q=ecx
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  
 


JSB
post Posted: Aug 10 2018, 02:45 PM
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In Reply To: blacksheep's post @ Aug 10 2018, 11:42 AM

Second director to purchase on market after the downgrade:

Gail Pemberton acquires 105,417 shares @ $1.90

https://www.asx.com.au/asxpdf/20180810/pdf/...72lpf2b25wj.pdf


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blacksheep
post Posted: Aug 10 2018, 11:42 AM
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In Reply To: blacksheep's post @ Aug 9 2018, 07:48 PM

Another notable short alert yesterday

QUOTE
Thu 9th Aug, 2018 3,576,824 319,636,693 1.11% 10,174,252 35.16


https://www.shortman.com.au/stock?q=ECX
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  
 
blacksheep
post Posted: Aug 9 2018, 07:48 PM
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In Reply To: blacksheep's post @ Aug 9 2018, 03:07 PM

Renaissance Smaller Companies became a substantial holder with 7.31% - date of acquisitions 7/4/2018 - 7/8/2018 so some were purchased at higher prices before the plunge.
Likewise Pendal Group Limited - theywere buyers on the day of the plunge - 7/8/2018

QUOTE
Our Philosophy
Renaissance Smaller Companies employs an active approach to investment management, adopting a ‘bottom up’, value based philosophy. Renaissance's investment philosophy seeks to exploit market inefficiencies that result in security prices deviating from an assessed valuation. This approach reflects the belief that, in the absence of structural change, security prices will ultimately tend toward their valuation through the course of an investment cycle
http://www.renaissanceasset.com.au/smaller...#our-philosophy.

Pendal Group Limited
https://www.pendalgroup.com/about/company-history-profile/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  
 
blacksheep
post Posted: Aug 9 2018, 03:07 PM
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Posts: 6,217
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In Reply To: JSB's post @ Aug 9 2018, 02:22 PM

Yes - watching for it to settle and those shorters are done smile.gif



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  
 
 


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