Another super low PBR negative EV name gets taken out at a big premium but far below book. Sparx looks to be doing a monozukuri roll-up. This time with EV/EBITDA <2x, EV/Revenue <0.2, 0.55x book.
What is covered in the Full Insight:
Introduction to Sparx's Tender Offer
Business Overview of Snt Corp
Financial Analysis of the Deal
Market and Shareholder Considerations
Conclusion and Investment Recommendations
Boomeranged on Tue, 11 Mar 2025 11:22
SNT (6319) is another 'monozukuri' smallcap where Sparx has big up big, but still way below book. This is entirely too cheap. HUGE volume traded on Day1 (below terms) and Day2 (above). Day1+5 is tomorrow. Day2+5 is Thursday. This looks like someone is angling for bump and/or participation.