Blue Orca Takes Bite Out of GDS
10 Aug 2018
(Barron’s) - On the last day of July, shares of the Chinese data-center developer GDS Holdings (GDS) fell as much as 47% after the release of a negative 50-page report on the company by an American short seller.
Short Seller Who Slammed Samsonite Takes Swipe at New Target
31 Jul 2018
(Wall Street Journal) - Soren Aandahl of Blue Orca Capital is betting against GDS Holdings, a provider of data-center infrastructure and services in China
Why Blue Orca’s Aandahl is Shorting GDS Holdings
31 Jul 2018
(Bloomberg) - Blue Orca Capital Founder and Chief Investment Officer Soren Aandahl explains the investment firm's short position in data-center operator GDS Holdings. He speaks with Bloomberg's Julie Hyman on "Bloomberg Markets; European Close.”
One of the World’s Hottest Short Sellers Is Changing Tactics
28 Jun 2018
(Bloomberg) - Earlier this month, Soren Aandahl scored one of his biggest victories as a short seller when he dramatically took down the leader of a world-famous brand.
Samsonite Shareholder Says Short-Seller Chose a Good Target
5 Jun 2018
(Bloomberg) - A shareholder in Samsonite International SA is sticking with his investment after short-seller Blue Orca Capital LLC’s allegations of resume fraud and poor corporate governance led to the resignation of Chief Executive Officer Ramesh Tainwala last week.
Samsonite CEO resigns after falsely claiming he had a PhD in business administration
1 Jun 2018
(Washington Post) - The world’s largest luggage company announced that its chief executive was resigning eight days after a report accused him of falsely claiming a PhD on his résumé.
Short Seller on Samsonite CEO: ‘You Can’t Go Around Saying You’re a Doctor’ (When You’re Not")
30 May 2018
(Wall Street Journal) - Samsonite’s shares remained halted for a third straight day following the Blue Orca report last week
Samsonite Response to Short Seller Fails to Stem Stock Rout
24 May 2018
(Bloomberg) - Samsonite International SA capped its biggest two-day stock plunge on record as investors dismissed the company’s response to a short-seller’s allegations of accounting lapses and poor corporate governance.
Samsonite tumbles after accusation of ‘questionable accounting’
24 May 2018
(Financial Times) - Activist Blue Orca Capital raises questions over luggage maker’s corporate governance
Samsonite hit by short-seller attack; shares slump to 9-month low
24 May 2018
(Reuters) - Shares in Samsonite International SA fell to a 9-month low on Thursday after a short seller issued a report saying the world’s largest luggage maker had questionable accounting practices and poor corporate governance.
Press Release: Launch of Activist Fund Blue Orca Capital
17 May 2018
Soren Aandahl, formerly the director of research and chief investment officer at international short seller Glaucus Research, is today launching a new activist investment fund Blue Orca Capital, LLC (“Blue Orca”).
Blue Sky meltdown continues, untruths now official
7 May 2018
(Financial Review) - The Brisbane-based flipper of Gladstone bedsits divulged yet more nasty news to the market on Monday morning, abandoning its forecast FY18 earnings (of between $20 million and $25 million) only 15 working days since it had been downgraded by 36 per cent (at the midpoint).
More chaos at Blue Sky: Chair to go, CIO out, profit guidance pulled
7 May 2018
(Business Insider) - Asset manager Blue Sky Alternative Investments has notified the market that it’s withdrawing profit guidance for the 2018 and 2019 financial years.
Australian short-seller target Quintis appoints administrators
21 Jan 2018
(NASDAQ) - Formerly known as TFS Corp, Quintis had been reeling since last March when U.S.-based activist short-seller Glaucus Research Group published a highly negative report, ... Soren Aandahl, Head of Research at Glaucus, told Reuters by phone from California that the collapse "completely vindicates" Glaucus' research.
Short Seller Glaucus Targets Europe as Markets Turn 'Frothy'
18 Jan 2018
(Bloomberg) - Short-seller Glaucus Research Group, whose critical reports have prompted stock slumps in companies from Hong Kong to Sydney, is directing its attention to Europe as it says markets there are becoming “frothy.”
Selling Hong Kong Short
8 Jun 2017
(Bloomberg) - Some short-seller reports have presaged action by the regulator. The SFC won a court order in 2015 to wind up China Metal Recycling Holdings Ltd., once the nation's biggest scrap-metal recycler. Glaucus Research Group called the company a fraud in a January 2013 report. Tianhe Chemicals Group Ltd. has been halted ...
Soren Aandahl: The American short-seller targeting Quintis
31 May 2017
(ABC News) - Indian sandalwood company Quintis has this week lost its managing director, seen its hare price plummet, and had its credit rating outlook downgraded by ratings agency Moody's. Circling the damaged company is activist short-seller Glaucus Research Group and its research director Soren Aandahl.
Sandalwood company Quintis on the nose as credit rating downgraded further, and possible class action needed
11 May 2017
(ABC News) - Director of research at Glaucus, Soren Aandahl, said the announcement by Quintis this week was "a bombshell" which vindicated his company's scrutiny of the ... While a range of short-sellers have cashed in, others are buying up, with the global investment firm Black Rock Group becoming a major shareholder and ...
After Quintis Victory, Short-Seller Glaucus Scours Australia
11 May 2017
(Bloomberg) - Quintis Ltd., first targeted in a scathing piece of research from Glaucus ResearchGroup in March, was the worst performer on the Australian All Ordinaries index over the past five days. It tumbled 72 percent in Sydney trading this week after telling shareholders for the first time that it had lost a contract to supply sandalwood
Glaucus: 'Itochu must be transparent'
2 Aug 2016
(CNBC) - Soren Aandahl of Glaucus Research Group notes that the Japanese firms has three material accounting issues, and warns that Itochu's record profits are merely a mirage.
This expert sees China as a 'value-correction play'
10 Aug 2015
(CNBC) - Soren Aandahl, director of research at Glaucus Research Group, says the recent correction in China's A-shares offer opportunities for investors to go long.
Glaucus Research has a 'sell' call on Ozner Water
16 Feb 2015
(CNBC) - Soren Aandahl, director of Research at Glaucus Research Group, attributes the firm's "strong sell" rating to Ozner Water's "convoluted corporate history and financial metrics."
Buy A-Shares? Not a good idea, says this expert
17 Nov 2014
(CNBC) - Soren Aandahl, Head of Research at Glaucus Research, says investors need to note that China's stock exchange falls short in accounting standards and Shanghai-listed firms lack transparency.
Tianhe case shows importance of SAIC filings: Pro
3 Sep 2014
(CNBC) - Soren Aandahl, Director of Research at Glaucus Research, discusses the report by Anonymous Analytics which accused Tianhe Chemicals of overstating its revenue and profits.