Hedge Fund Making 20% a Year For Last Decade Targets Uranium M&A [Financial Post (Toronto, Ontario, Canada)]
Nexgen Energy Ltd. Common Shares (NXE)
NASDAQ:AMEX Investor Relations:
nexgenenergy.ca/investors/presentation
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — A top performing hedge fund is betting the pullback in uranium producer NexGen Energy Ltd. will be short lived, as the industry's growing appeal leaves the startup well placed for a potential takeover. Melbourne-based L1 Capital's flagship Long Short Fund is up 20% per annum since inception, the best performing Australia-based strategy for that 10-year period, according to data compiled by Zenith Investment Partners, a research firm. While NexGen's stock struggled this year after a 53% surge in 2023, L1's head of research Amar Naik says he isn't tempted to trim the position. Article content “It's such a strategic asset that once they get their final approvals, it's a very high likelihood that it would be a good takeover candidate for one of the majors,” said Naik in an interview in Melbourne. L1 Capital was founded by Raphael Lamm and Mark Landa
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News
- Paladin's Uranium Deal Signals M&A Push for Rich Canadian Deposits [Yahoo! Finance Canada]Yahoo! Finance Canada
- Paladin's Uranium Deal Signals M&A Push for Rich Canadian Deposits [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Paladin's Uranium Deal Signals M&A Push for Rich Canadian Deposits [Yahoo! Finance]Yahoo! Finance
- Paladin's Uranium Deal Signals M&A Push for Rich Canadian Deposits [BNN Bloomberg (Canada)]BNN Bloomberg
- Capital gains tax hike creating changes in tax harvesting, buying opportunities in these stocks, says Scotia strategists [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
NXE
Sec Filings
- 6/24/24 - Form 6-K
- 6/18/24 - Form 6-K
- 6/18/24 - Form 6-K
- NXE's page on the SEC website