Nihon Nohyaku: Adeka Offer Price Seems Full, but Longer-Term Outlook Makes Valuation Fair
We visited Nihon Nohyaku (4997 JP) ("Nichino") this week to discuss the company's longer-term strategy and gain a deeper understanding of its...
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Daido Metal: Heavy Investment Burden Prompts Capital Raise but Can the Company Restore Margins?
On Wed 22 Aug after the close Daido Metal (7245 JP) announced a large secondary offering including new and treasury shares. The offering size is...
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Last Week in Event SPACE: FamilyMart, Monex, Investa, Seven, Adeka, HK & Shanghai Hotels
Last Week in Event SPACE ... The MSCI A Share Phase II inclusion could be a damp squid There will be no near-term selldown in Familymart Uny...
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Adeka Partial TOB for Nihon Nohyaku: LT Fundamentals for These Strong Niche Players Are Good
After market close on the 21st Adeka Corp (4401 JP) announced a partial tender offer (and participation in a third party allotment) to make Nihon...
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ADEKA Partial TOB for Nihon Nohyaku: The Arb Grids
The companion piece to this insight ADEKA Partial TOB for Nihon Nohyaku (4997 JP) : Part I lays out the situation of the Tender Offer and...
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