Capricorn Energy PLC (CNE)

Palliser · 2022-10

arc beats above · slides in the middle · loops below · scroll → 3 LOOPS

Deck intelligence map

coverage by narrative range · generated from this deck JSON

Narrative range 22 total

Metadata

Components

Metrics

Tools

Frameworks

Beats

Loops

Problem (Identify pain) 5 slides 100% 5/5 slides 100% 5/5 slides · 26 hits

— 0/5 slides

40% 2/5 slides 80% 4/5 slides 100% 5/5 slides 40% 2/5 slides Agitate (Make it worse) 11 slides 100% 11/11 slides 100% 11/11 slides · 66 hits

— 0/11 slides

18.2% 2/11 slides · 3 hits 63.6% 7/11 slides 100% 11/11 slides 27.3% 3/11 slides Solution (Provide relief) 6 slides 100% 6/6 slides 100% 6/6 slides · 28 hits

— 0/6 slides

50% 3/6 slides 66.7% 4/6 slides 100% 6/6 slides

— 0/6 slides

Slide inventory

every slide · same image gating as the playbook

front_matter

front_matter

front_matter

front_matter

Includes a footnote regarding the independent valuation source (ERCE).diagnose_problem

Open slide detailBeat · Problem (Identify pain)

Uses bulleted lists to systematically dismantle the logic of the proposed merger.expose_contradiction

Open slide detailBeat · Problem (Identify pain)

transition

Open slide detailBeat · Problem (Identify pain)

The chart uses a bridge/waterfall structure to reconcile net cash and asset values to a final fair market value, highlighting the discount.show_valuation_bridge

Open slide detailBeat · Problem (Identify pain)Loop · Aha Moment

The chart uses a bridge/waterfall structure to show how various assets and liabilities contribute to the share price valuation.show_valuation_bridge

Open slide detailBeat · Problem (Identify pain)Loop · Aha Moment

The slide uses a table structure to map asset categories to their percentage contribution to total FMV.analyze_data

Open slide detailBeat · Agitate (Make it worse)

Includes a mix of historical data, forecasts, and valuation benchmarks.analyze_data

Open slide detailBeat · Agitate (Make it worse)

transition

Open slide detailBeat · Agitate (Make it worse)

The slide uses a side-by-side valuation table to highlight the discrepancy in value capture between the two entities in the proposed merger.expose_gap

Open slide detailBeat · Agitate (Make it worse)

diagnose_problem

Open slide detailBeat · Agitate (Make it worse)

Uses a 4-point list structure to systematically dismantle the deal's rationale.expose_contradiction

Open slide detailBeat · Agitate (Make it worse)Loop · Iceberg

The slide uses strong, emotive language ('throwing in the towel', 'long-suffering', 'truly jarring') to frame the management team as antagonists.name_villain

Open slide detailBeat · Agitate (Make it worse)Loop · Iceberg

transition

Open slide detailBeat · Agitate (Make it worse)

The slide uses a table to demonstrate negative performance deltas across all time periods compared to benchmarks.compare_peers

Open slide detailBeat · Agitate (Make it worse)

Uses a waterfall-style bridge to show value destruction and a map to show lack of focus.name_villain

Open slide detailBeat · Agitate (Make it worse)

Uses peer benchmarking to expose management's failure to reduce costs despite portfolio simplification.name_villain

Open slide detailBeat · Agitate (Make it worse)Loop · Cost Of Inaction

Uses a combination of bar chart for FCF and floating bubbles for headcount/compensation metrics.expose_contradiction

Open slide detailLoop · Cost Of Inaction

Uses a 'before-after' framing to contrast management's narrative with the actual data.expose_contradiction

Open slide detail

The slide serves as a strategic argument against a specific M&A transaction (NewMed) and for an alternative capital allocation strategy.propose_solution

Open slide detail

transition

Open slide detailBeat · Solution (Provide relief)

The chart is a waterfall-style bridge showing the path from current market value to full potential value.propose_solution

Open slide detailBeat · Solution (Provide relief)

Uses peer testimonials and analyst quotes to contrast with Capricorn's inaction.preempt_rebuttal

Open slide detailBeat · Solution (Provide relief)

The chart uses a bridge-like structure to show current value, upside, and potential future value.quantify_opportunity

Open slide detailBeat · Solution (Provide relief)

The slide uses a waterfall bridge to demonstrate the net impact of cost savings minus one-off implementation costs.propose_solution

Open slide detailBeat · Solution (Provide relief)

transition

Open slide detailBeat · Solution (Provide relief)

The slide serves as a final summary of the activist's case, highlighting executive self-interest and proposing an alternative valuation path.summarize

Open slide detail