The Insiders Fund’s Post

The trucking acquisition market gears up for an active year in 2024. Despite an 82% YoY drop in transaction value and a 33% decrease in deal volume in 2023, the Tenney Group foresees a rebound. Challenges like a short supply of sellers, interest rate hikes, and volatile freight markets led many to pause deals. However, creative deal structuring and adapting to market complexities are becoming the norm, showing promise for a more vibrant M&A landscape. Explore more here: https://lnkd.in/e-6S8FJw #TruckingNews #MergersAndAcquisitions #TransportationMarket #BusinessOutlook #TruckingIndustry #MarketTrends #FinancialNews #LogisticsInsights #MarketConditions #BusinessStrategy #TruckingMnA

Temperature-controlled logistics real estate investment trust Lineage said nearly 57m shares of its common stock were priced at $78 per share ahead of its initial public offering. The deal will haul in roughly $4.4bn in proceeds, better than the $3.4bn to $3.9bn range previously expected. A 30-day option for a 15% allotment has been granted to underwriters. The company said it will use proceeds to repay debt, fund cash grants to certain employees and pay transaction expenses. Any additional proceeds will be used for general corporate expenses or to repay other outstanding debt. Morgan Stanley, Goldman Sachs, Bank of America, J.P. Morgan and Wells Fargo were listed as lead book-runners on the deal, which included a total of 28 investment banks, Freight Waves reported. #MergersAcquisitionsDivestitures #REIT #Logistics

Climate regulation demands new knowledge from shipbrokers and makes it necessary to grow, says MPC Capital AG, which has merged brokers Harper Petersen & Co. and Albis Shipping & Transport GmbH & Co. KG. ”We want to grow the business, and that is why we did the merger,” says Christian Rychly, managing director responsible for shipping at MPC Capital, to ShippingWatch. #shipping #freight #business #growth #finance

$EFHT - Is EF Hutton a good short-horizon buy? Symbol renaming on the 13th of December 2023 can force EF Hutton to bounce back: About 36.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.64. Some equities with similar Price to Book (P/B) outperform the market in the long run. EF Hutton Acquisition had not issued any dividends in recent years. #stocks #stocktwits #thematic_portfolio

M/S Forge Auto Components Ltd, a significant milestone marking the company’s Initial Public Offering (IPO). Mr. Rajan Mittal, the Managing Director of Forge Auto Components, acknowledged that this achievement was made possible through the initiatives of the **Chamber of Industrial & Commercial Undertakings (CICU)**, particularly their efforts in raising awareness about SME IPOs. CICU's work in educating small and medium enterprises (SMEs) about going public likely played a key role in helping Forge Auto Components reach this milestone. It’s always an honor to be part of such ceremonies, as they represent a pivotal moment for a company's growth and recognition in the market. #investors #smeipo #networking #msme #nse #bsa #investorts #stockmarket #businessgrowth #event #investment #sme #bankers #finance #business #advisory #ca

Sir Robert McAlpine plunges to £110m trading loss Sir Robert McAlpine slumped to a £110m operating loss and tumbled below £1bn revenue in a torrid year to October 2023. Neil Martin, McAlpine CEO, says the business is back on track this year after several major contract wins The extent of trading losses emerged after assessing final positions on four price-based contracts, which completed in 2023 or are due to complete this year. Revenue fell 19% to £881m amid the slowdown in the building market while the business endured a net cash outflow of £82m over the year. To support the business, the McAlpine family directly funded a £60m cash injection last year and implemented a static review to refocus the business on key growth markets. Neil Martin, who joined McAlpine in February to replace Paul Hamer as chief executive officer, said: “We faced a challenging year in 2023, but our resilience and the support of our shareholders allowed us to weather the storm. “Thanks to our focus on operational excellence and on targeting quality work-winning opportunities for long-term clients in our core sectors, we are playing to our strengths. “We have already seen a positive shift in performance in the first half of 2024. I have every confidence that the business is on the right path for long-term success.” He added that in addition to the liquidity provided by shareholders, trading in the first half of the 2024 has been cash positive. McAlpine ended the first six months of this year with £105m in cash and an order book totalling £1.4bn, an increase of £271m since the end of last year. Martin said first-half revenues have been restored to around £500m and McAlpine’s margins had returned to industry norms. The firm’s order book has been swollen by some flagship contract wins. In commercial, McAlpine was recently appointed to deliver 2 Finsbury Avenue, a £500m dual high-rise mixed-use building in the heart of Broadgate, its sixth scheme under the Broadgate framework. In the growing industrial market, McAlpine this month secured the first major build project at the planned £4bn giga battery factory in Somerset. In healthcare, its Integrated Health Projects joint venture with Vinci Building scored a string of contracts under the ProCure23 Framework. Martin added: “Currently, our pipeline is strong and our committed order book for 2024 stands at 99% from secured and nearly-secured work. “As predicted, this is driven by core clients and a strong pull by some new clients who are attracted to working with us due to our reputation for engineering excellence and solving complex problems.” https://lnkd.in/eVgTgE5d

Shares of Deckers are nearly unbeatable at the moment, rising another 9% since the company’s latest earnings report, even despite the announcement that current CEO Dave Powers will be retiring on Aug. 1. Deckers announced its earnings for the third quarter on Feb. 1, noting a 16% uptick in revenue with a record amount of $1.56 billion in sales executed. Moreover, the outperformance motivated management to raise its full-year net sales guidance from $4.025 billion to $4.15 billion, exciting investors. Deckers’ third-quarter adjusted earnings of $15.11 per share also beat the FactSet consensus estimate of $11.49. https://lnkd.in/gYChD7Ew

There’s an ongoing trend of publicly listed ocean shipping companies being taken private. MSC’s generous offer to buy Oslo-listed Gram Car Carriers is just the latest example (the dynamics of this one are different than earlier privatizations, which largely involved infrastructure funds and shipping stocks that were undervalued). At the same time, more publicly listed shipping names are disappearing via mergers with other public companies, as exemplified by Star Bulk’s takeover of Eagle Bulk. See story for the diminishing tally of shipping stocks. Delistings of public shipping companies are exceeding new listings, and the trend is even more pronounced when viewed in terms of market capitalization (free to read): https://lnkd.in/ePjfDeA3

If you are tired of not getting allotment in an IPO then you must read this. It is not easy to get an IPO allotment, especially when it is oversubscribed. You should know that as of 2024, there are 175 million Demat accounts registered and nearly 90% of these are primarily used for applying in IPOs. This is a huge competition. If you want to get the allotment, then here are some practical tips that will increase your chances: 1. Apply early. Many banks also have a 4 p.m. cutoff, so apply early to avoid the rush! 2. Owning a share of the parent company qualifies you for the shareholder quota in some IPO allotments. This increases your chances of allocation. For eg: the recent IPOs of NCC and Hyundai. 3. Do not apply for more than 1 lot because SEBI prioritizes allotting at least one lot per applicant in an oversubscription scenario. 4. Use multiple Demat accounts when you apply for the IPOs. Applying from 4-7 accounts will increase the chances of you getting at least some shares. 5. Diversify your IPO applications by creating accounts with different brokerage firms, as each broker has its allocation pool. You can also use small brokers, they have less competition than others. In the end, it is luck that is required the most to get an allotment. These tips do not guarantee the allotment, but following them will definitely increase your chances. So keep trying and follow Vivek Bajaj for more such content. #stockmarket #IPO

Shares in Currys PLC (LSE:CURY) jumped 32% after the electricals group rebuffed a £700 million takeover approach from Elliott Advisors, while Chinese retailer JD.com emerged as a second potential bidder. Sky News says at least one leading unnamed shareholder is holding out for £800 million. Certainly, the surge in the Currys stock price above the 62p a share being tabled by the UK arm of the American activist fund suggests the market thinks there's further for the bidding to go. Indeed, analysts at Shore Capital suggest Mike Ashley, the retail entrepreneur behind Frasers Group PLC (LSE:FRAS), could make it a three-way fight for control of the retailer. More at #Proactive #ProactiveInvestors http://ow.ly/uCW0105ilgp