Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Samsung Likely to Drop Shareholder Return Update Tomorrow: 1P Spread Pivot

Tactical View: Is Samsung Electronics (005930 KS) A Penny Stock?

Samsung Prefs: 4% Floor Yield Vs 30% Discount—Unsustainable Vs 2020 Levels

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

Samsung Electronics Pref Shares / Event-Driven

Samsung Electronics Pref Shares (005935 KS)

<ul>
<li>The key is Samsung’s Jan 2024 clause allowing flexible capital returns before the 3-year program ends, sparking Street focus on a possible mid-year special dividend announcement.</li>
<li>Samsung must drop its Value-Up disclosure before May, with no buyback this year, making it the key vehicle to outline how leftover capital will fund shareholder returns.</li>
<li>With a May Value-Up filing likely outlining special dividends, it is potentially a pivot point for pref-share momentum and a key trade setup.</li>
</ul>


The key is Samsung’s Jan 2024 clause allowing flexible capital returns before the 3-year program ends, sparking Street focus on a possible mid-year special dividend announcement.
Samsung must drop its Value-Up disclosure before May, with no buyback this year, making it the key vehicle to outline how leftover capital will fund shareholder returns.
With a May Value-Up filing likely outlining special dividends, it is potentially a pivot point for pref-share momentum and a key trade setup.


Samsung Pref Pivot: Eyes on H1 Value-Up Disclosure for Special Dividend