Why Scotiabank Delisting May Be The Worst Thing For The JSE
from Limitless Hosted by Matthew Preston & Thaon Simms
What happens when one of Jamaica's oldest banks decides it no longer wants public shareholders? Dr. Matthew Preston and Dr. Thaon Simms break down Scotia Group Jamaica's $61.50 per share buyout offer and the $56 billion scheme of arrangement that would take the bank private after 137 years on the JSE. They unpack the difference between a takeover bid and a scheme of arrangement, question whether the price reflects fair book value, and explore a possible arbitrage play before the deal closes. Chapters: 00:00 The $61.50 Number Every Scotia Shareholder Needs to Know 00:32 Why Scotia Group Wants to Leave the Jamaica Stock Exchange 02:53 Inside the Notice: Breaking Down the $56 Billion Buyout 05:20 Is NCB Next? The Domino Effect Theory 09:13 Who Actually Owns Scotia: NIF, Sagicor, and Donovan Lewis 11:58 Takeover Bid vs Scheme of Arrangement Explained 21:06 The Liquidity Question: Is There an Arbitrage Play Here 30:17 The Book Value Math: Why $61.50 Might Be Too Low 31:58 Remembering Mr. Staple's Shareholder Activism 34:12 Where Will Scotia's $56 Billion Go Next 38:57 CIBC Sells, Scotia Buys: Two Bank Deals, Opposite Directions 46:54 Final Verdict: Would They Buy Scotia Stock Now 🎧 Listen to more episodes: https://limitlesspodcast.buzzsprout.com 🐥 Follow us on Twitter: https://twitter.com/Limitless_pod 📷 Instagram: https://www.instagram.com/limitless_pod/ 💲 Get exclusive insights: https://bit.ly/Limitless-MMJA-Discount 💝 Support the podcast: https://www.buzzsprout.com/1971039/support 📧 Email us: [email protected] 👍 If you enjoyed this episode, please like, subscribe, and share with anyone holding Scotia shares! ❓ Are you a Scotia shareholder? Would you take $61.50 a share, or are you holding out for more? Drop your thoughts in the comments! ⚠️ Disclaimer: The opinions expressed in this podcast are solely those of the hosts and do not constitute financial advice. We may own shares in any of the companies discussed on this podcast. Please consult a financial advisor before making any investment decisions. Send us Fan Mail Support the show
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What happens when one of Jamaica's oldest banks decides it no longer wants public shareholders? Dr. Matthew Preston and Dr. Thaon Simms break down Scotia Group Jamaica's $61.50 per share buyout offer and the $56 billion scheme of arrangement that would take the bank private after 137 years on the JSE. They unpack the difference between a takeover bid and a scheme of arrangement, question whether the price reflects fair book value, and explore a possible arbitrage play before the deal closes. ...
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