27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
- Talks regarding KKR & Co (NYSE:KKR)-led consortium buying Australian hospital operator Ramsay Health Care Ltd (OTC:RMSYF) (OTC:RMYHY) have fallen apart.
- The consortium sent a letter reconfirming it would not offer A$88 a share and could not increase its alternative proposal.
- In April this year, a KKR-led consortium offered to buy Ramsay Health Care Ltd for roughly $14.9 billion.
- The bid was revised so Ramsay shareholders would be entitled to A$88 per share as in the all-cash proposal but only for the first 5,000 shares.
- For investors with larger stakes, the offer was split into A$78.20 per share in Ramsay and 0.22 share in French subsidiary Ramsay Generale de Sante. Ramsay described the alternative proposal as "meaningfully inferior."
- Ramsay's board wanted KKR to increase its offer. However, KKR and its co-investors cited reviewing Ramsay's FY22 result implying downward pressure on valuations. They noted that it is not in a position to improve the terms of the Alternative Proposal.
- The letter also stated that if Ramsay Board is willing to reset valuation expectations and consider a new proposal, the consortium will move quickly to discuss mutually acceptable terms.
- Ramsay said it had yet to consider the group's response, noting "there is no certainty that any further proposal will be forthcoming or that any proposal would result in a transaction."
- Ramsay shares on the Australian stock exchange fell almost 11%.
- Price Action: KKR shares closed higher by 2.29% at $52.68 on Monday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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