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Recapping last week’s Spins, EchoStar (SATS) jumped +6% since its Spin after removing its declining asset while Naspers (NPN SJ) created history by listing the second largest consumer internet company in Europe, Prosus (PRX NA), and its stock price leapt +26% on its first day of trading. With SATS a Model Portfolio holding and PRX exited to book profits, we turn our attention to Ensign Group (ENSG) and Nuance Communications (NUAN) as they both look break-up at the end of the month.
16 Sep 2019
It’s been two months since the most recent Spinoff (KAR’s June 28 separation of IAA, which has returned a combined +33%). With Q3 coming to a close, the quiet summer is giving way to a flurry of break-ups – two new companies listed this week with another three Spinoffs scheduled for October 1. On our Upcoming Spinoff calendars, there are an additional four to be completed by the end of the year. Track every Spin’s performance with the Screener and never miss an upcoming event with the calendars.
13 Sep 2019
As mentioned last week, both EchoStar Corp (SATS) and $100bn giant Naspers Ltd. (NPN SJ) will be breaking up this week starting from tomorrow (Sep 10) in order to create value for shareholders. With a significant discount in the when-issued trading for SATS and NPN creating the largest EU listed consumer internet company on the Euronext Amsterdam (primary listing), we encourage our client partners to send any questions over ahead of the split. Click here for more.
09 Sep 2019
Almost a third of the 21 names on the US Spinoff Calendar have either been Spun off or have completed a Spinoff in the past, with Fortive (FTV) this week being added to that list. With management seeing the success and value creation in their first Spin, they are clearly back for more. Looking at the first year’s performance, the group saw an average +27% return. Take a look at this week’s screener to see how FTV and these previous Spins performed in their first year.
06 Sep 2019
Next week, global satellite provider EchoStar Corp (SATS) and $100bn giant Naspers Ltd. (NPN SJ) will both be breaking up in order to create value for shareholders. SATS will be removing its performance hampering segment while NPN will be creating the largest EU listed consumer internet company and its second Spinoff for 2019. For analysis and more on these situations, click here.
03 Sep 2019
After a relatively quiet summer of Spinoffs, two new pairs will be added to the weekly Spinoff Screener by the second week of September - and nine additional Spins scheduled before the end of the year. Combine the monthly Spinoff calendars with this weekly Screener of previous break-up performances, and you'll have the entire space covered, whether you're looking to play an upcoming situation or a fallen Spin ready to rebound. Look inside for more.
30 Aug 2019