Video
Events Trades
Australia

Event Portfolio Video Update

5 Mar 2021
By
Shannon Rivkin provides an update on our ASX Event Portfolio trades and the companies on his watch list.

Minimum Investment Amount and Period

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Period

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SHOW COMMENTS / QUESTIONS (7)

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Comments

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Anthony D.

Following this mornings announcement of a 2.5c dividend being added to the existing $1 offer, have you any view on whether the VTH takeover is likely to go through unimpeded, or is this sweetener suggesting there is a likelihood of some resistance to the transaction from some key shareholders?

Shannon Rivkin

Hi Anthony,
My first thought was that maybe there were some shareholders pushing for a sweetener and, while that could be true, I don’t think there is much of a chance this deal could be blocked with Primewest on board already. So, my best guess is it’s just some good negotiating by the VTH board.
Regards,
Shannon Rivkin

Paul L.

Hi Shannon can I have your thoughts on the DWS takeover, Thanks.

Shannon Rivkin

Hi Paul,
I’ve done some work on DWS and while I think it’s likely to go through without any problems, I think the odds of a competing bid but my main concern is that the deal has a condition that DWS’ current debt doesn’t exceed its current level. It’s an unusual addition to the documentation and in my view gives the bidder an easy out in a difficult environment, so with a very skinny arbitrage on offer I decided against recommending DWS.
Regards,
Shannon

Robyn K.

The sound cut out after CDC

Shannon Rivkin

Hi Robyn,

I will record another version and have it available first thing on Monday morning. Sorry for the inconvenience.

Regards,
Shannon Rivkin

Robyn K.

Thanks for that.

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