With the new year starting, we thought it would be a good idea to reflect on the year that was. And have a look at our highlights and lowlights from some of our team.
Zac thinks one of the big highlights of the year has to be the Burleigh Bombers winning the grand final in style in the local competition.
“It was the culmination of a year of hard work and training.”
On a more work related note…
A highlight was the amount of corporate action in the market.
In 2021 we saw over $67B of listed corporate transactions, more than double the amount last year and nearly 40% higher than 2018.
“Several companies in 2021 were able to utilise a strong balance sheet and access to capital to make acquisitions. The Square/Afterpay all-script deal was a standout with both companies trading significantly higher after the announcement in August. CSL raising a record $6.3B in December for an acquisition suggests this trend could continue in 2022.”
The lowlight had to be the way in which the decision to de-list BHP in London, opened a window for an arbitrage trade between the two listings.
“Since London trades at a discount, shorting AUS and buying London was the trade which nailed our local listing.”
“Honourable mention to the Reddit traders who realised Melvin Capital were short more shares than GameStop had on issue and helped squeeze the stock from $18 to $347.”
xcvgv
This document has been provided to you for your general information and does not take into account your objectives, financial situation and needs and must not be relied upon by you as personal financial product advice that has been provided to you by iInvest. If you require advice regarding any aspect of the information and statements of opinion set out in this document, particularly as to whether you should base an investment decision upon the information or statements of opinion set out in this document, please contact your financial adviser.
Distribution
The material contained in this communication is prepared for the exclusive use of clients of iInvest. iInvest is an Authorised Representative (#431611) of Zodiac Securities Pty Ltd (ABN 76142982554) (AFSL #398350).
The information contained herein is confidential and may be legally privileged. If you are not the intended recipient, confidentiality is not lost nor privilege waived by your receipt of it. Please delete and destroy all copies. You should not use, copy, disclose or distribute this information without the express written authority of iInvest.
Disclaimer & Disclosure
iInvest, its related companies, officers, employees and agents may have a relevant interest in some of the securities mentioned but those holdings are not material unless disclosed in this communication. These holdings (or absence of holdings) may change at any time after publication of this communication, without notice.
iInvest, its related companies, officers, employees and agents may earn income, fees, brokerage or commissions or other benefits as a result of recommendations, dealing or transactions in the securities mentioned in this communication. These interests do not influence iInvest in giving the general advice contained in this communication. iInvest, its related companies, officers, employees and agents may trade in financial products which is contrary to the recommendations given in this communication.
You should not act on any recommendation made in this document without first consulting your investment adviser in order to ascertain whether the recommendation (if any) is appropriate, having regard to your investment objectives, financial situation and particular needs. Nothing in this communication shall be construed as a solicitation to buy or sell a financial product, or to engage in or refrain from engaging in any transaction. We cannot guarantee that the integrity of this communication has been maintained, is free from errors, omissions, misstatements, virus interception or interference.
Copyright © iInvest Trading & Advisory, All rights reserved.
