In today’s briefing:
- Last Week In Event SPACE: Kakaku, Northern Star Resources, BASE Inc, Reliance Worldwide, Cloudbreak
- Weekly Deals Digest (20 Sep) – Kakaku, Leopalace21, Kadoya, JPMC, Skyworth, Reliance, FleetPartners
- Asia-Pac Weekly Wrap: Leopalace21, Cleanaway, Kadoya Sesame Mills, Gabia, Refine, FleetPartners
- Companies Don’t Understand Why They Need to “Manage with Capital Costs and Stock Prices in Mind”?
Last Week In Event SPACE: Kakaku, Northern Star Resources, BASE Inc, Reliance Worldwide, Cloudbreak
- You probably have downside to ¥3,720 if EQT’s bid lapses. Downside may be limited to ¥3,760 if Kakaku.com (2371 JP) convinces Bain to bid up to negotiate with KDDI.
- Northern Star Resources (NST AU) extends an olive branch to Elliott, (temporarily?) avoiding a proxy fight.
- If one wants SBI to raise the price for (4477 JP), it behooves the market to trade at ¥345 again. Get long, or get longer.
Weekly Deals Digest (20 Sep) – Kakaku, Leopalace21, Kadoya, JPMC, Skyworth, Reliance, FleetPartners
- A weekly summary of key developments in ECM and Event-Driven names that I track in Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Thailand, Korea, India, and Chinese ADRs.
- ECM developments: National Stock Exchange (NSEIN IN), Ligent Technologies (9856 HK) and GCash (Mynt) (GCASH PM) IPOs.
- Event-Driven developments: Kakaku.com Inc (2371 JP), Leopalace21 Corp (8848 JP), Kadoya Sesame Mills (2612 JP), Skyworth (751 HK), European Lithium (EUR AU), Reliance Worldwide Corp (RWC AU).
Asia-Pac Weekly Wrap: Leopalace21, Cleanaway, Kadoya Sesame Mills, Gabia, Refine, FleetPartners
- I tally 37- mostly firm, mostly Asia-Pac – arb transactions currently being discussed and analysed on Smartkarma. Those arbs metrics and upcoming events are detailed below.
- Two new deal was discussed on Smartkarma this week: Tender Offers for Leopalace21 Corp (8848 JP) and Kadoya Sesame Mills (2612 JP).
- Key updates/news also took place on: Cleanaway Waste Management (CWY AU), European Lithium (EUR AU), Gabia Inc (079940 KS), Refine Co Ltd (377450 KS), and FleetPartners Group (FPR AU).
Companies Don’t Understand Why They Need to “Manage with Capital Costs and Stock Prices in Mind”?
- Only 10% in Prime/Standard market were identified by investors as “showing progress in initiatives.” Unless managers return to management facing shareholders head-on, initiatives addressing specific, individual challenges will remain superficial.
- Investors should have voiced their opinions regarding the disclosure in annual securities report prior to AGM, change in the record date, and postponement of the AGM by approximately one month.
- Rather than focusing on resolving specific individual issues, the TSE should educate companies on the fact that management has fiduciary duties and must fulfill them.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
