Tweet

KEDM.com

Apr 4 • 7 tweets • 2 min read Twitter logo

1/6 The Middle East is cashing in on the oil jackpot💰 & expanding its investments like there's no tomorrow... We're talking sports, entertainment, hospitality - you name it!

Grab the popcorn, folks! 🧵👇

2/6 Saudi Arabia & Qatar aren't just making energy buddies in Europe & China; they're also showing off their non-energy muscles!

We've got the Qatari World Cup & KSA's bid for the 2030 World Cup ⚽️

3/6 Soccer clubs up for sale? The Middle East is on it!

Major teams like Manchester United are on their radar. Sovereign wealth funds are turning trophy assets into a whole new ball game. #ManchesterUnited #MiddleEast

4/6 The Saudi PIF is a money-making MACHINE...

Assets under management? From ~$150bn in 2015 to ~$600bn in 2022! And they've got their eyes on $2tn by 2030 👀

PIF's making it rain with LIV Golf & even considering a $20bn bid for F1.

5/6 The Middle East is going beyond oil, and it's just the beginning!

We're seeing increasing appetite for investments & a thirst to make the Saudi economy a global powerhouse. Hold onto your hats - this is getting interesting...

6/6 KSA & UAE are smashing decade records in IPO funds raised (Aramco's 2019 IPO not included) in 2021 & 2022.

The public markets are getting a taste of the Middle East's counter-cyclical liquidity flow. Keep an eye on this space…

Try KEDM entirely free for a full month!

Remember, alpha is generated at inflections and via special situations...

link.kedm.com/3M4HF3F

• • •

Missing some Tweet in this thread? You can try to force a refresh

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @KEDM_COM

KEDM.com

@KEDM_COM

Apr 3

KEDM's Monday Monitor Event of the week?

Even before the surprise oil production cut, MENA countries have been flexing their muscles...

IPO funding inflecting long before oil's big run 👀

For the trailing twelve months, the MENA region raised $17.65bn at IPO, meaningfully more than Europe’s $15.4bn and North America’s $10.9bn.

On top of that Saudi Arabia has been splashing the pot with its Public Investment Fund (PIF), after growing its AUM from ~$150bn in 2015 to ~$600bn in 2022 with plans for $2tn by 2030.

Read 4 tweets

KEDM.com

@KEDM_COM

Mar 1

@puppyeh1

Purported market manipulation... 👀

This is the story of a "Sydney banker", (@puppyeh1) who's going head to head with one of Indonesia's most powerful families.

🧵 👇

Ok, what's going on? In short, the Widjajas, one of Indonesia's richest families initiated a plan a few months back to increase its ownership of Brisbane coal producer, Stanmore Resources ( $SMR.AX).

From 2018 - 2020 they acquired about 2/3 of Stanmore via a Singapore-listed company called Golden Energy and Resources (GEAR).

Now they are looking to purchase an additional 22.5% of shares in GEAR that are owned by outside investors.

Among them, our "Sydney banker"...

Read 9 tweets

KEDM.com

@KEDM_COM

Aug 26, 2022

With Jackson Hole mostly behind us, what are the known unknowns that might move markets next week?

No big US data Monday and it is a bank holiday in the UK.

Unless you trade Japan, no big data bombs coming out.

Tuesday is where things get interesting...

Tuesday starts with Aug CPI out of Germany. No comment needed.

Later we get consumer confidence numbers for Aug.

Sept number post loan forgiveness sounds more interesting to us.

We also get job openings, API crude oil numbers, and Chinese PMIs for those on recession watch...

On Wed the big European data point will be CPI...

We saw big European rates bets on Friday, perhaps ahead of what some believe will be a nasty CPI print.

In the US we get ADP employment and as always crude oil inventories...

Two straight weeks of big draws. Will we see 3?

Read 5 tweets

KEDM.com

@KEDM_COM

Jun 8, 2022

1/6

This week's KEDM Chart and Kliff Note of the Week is the debacle between $SAVE, $JBLU and $ULCC.

We saw a flurry of activity as the drama ramps at $SAVE with the vote approaching on its deal with Frontier, $ULCC (vote was scheduled for 6/10 but has been moved to 6/30)...

2/6

Last week ISS came out against the $ULCC deal and in favor of the $JBLU offer. $SAVE immediately issued a press release defending their position.

prnewswire.com/news-releases/…

3/6

$JBLU also filed a decent Q&A between a board member and an antitrust merger expert, who thinks $SAVE $JBLU merger would be favored from DOJ’s perspective.

sec.gov/Archives/edgar…

Read 6 tweets