Cosmo Energy Holdings Watchlist
Cosmo Oil (5021 JP) Accelerated Block Offering - Big Discount But... 👀
331 Views, 09 Mar 2022 18:03
- Mubadala bought 20.8% of Cosmo Energy Holdings (5021 JP) in 2007 at ¥5,068/share (split-adjusted). A few months later it dipped below that and hasn't seen that price since.
- The sovereign wealth fund sold 5% last year at ¥2,610, and just 7 months later is bailing on the other 15.7% at a 12-17% discount.
- Result? Float will rise. Index funds will buy a bit, and active foreign institutional investors will nearly double their holdings.