There have been a fair few developments in both the GCAP/INTL and MET.NZ situations over the past couple of weeks. Let's take a look at where things stand. GCAP/INTL - both longs - see write-ups here and here A lot has been happening in this situation since I first broached it in the GCAP write-up … Continue reading Latest thoughts on GCAP/INTL and MET.NZ
GCAP
INTL FCStone (INTL): GCAP is the steal of the century, 60-70% upside
Gain Capital: deal recut highly likely, option-like upside payout in 3 weeks
It's not every day I consider buying a deal stock trading at an 8% premium to the agreed deal price an amazing bargain - but that is what Gain Capital (GCAP) constitutes today. GCAP, a forex-focused retail CFD platform, agreed to sell itself for $6/share in cash to FC Stone (INTL), in late February this … Continue reading Gain Capital: deal recut highly likely, option-like upside payout in 3 weeks