Cosmo Energy Holdings

Cosmo Oil (5021 JP) Accelerated Block Offering - Big Discount But... 👀

Event-Driven
331 Views, 09 Mar 2022 18:03
EXECUTIVE SUMMARY
  • 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.
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Travis Lundy
Pan-Asia Catalysts/Events
Quiddity Advisors
Japan & Hong KongEquitiesEvent-DrivenQuantitative Analysis

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL") BACKGROUND I have 20+yrs experience in A... 

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