Tel Aviv Stock Exchange ($TASE) reported Q4 and full year 2023 results on Thursday. Overall, the financial results were strong, however, the special situation part of the investment thesis is now coming to an end. For a summary of the opportunity and risks generally, please see my previous article here. For a summary of the resolution of the ‘Arrangement Shares’ situation please see my previous article here.
The last couple of months has seen a number of significant updates - more than almost any other company I follow over that time period. We’ll start with a final clarification on the pre-privatisation shares referenced above.
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