IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>Murakami's entity, City Index Eleventh, and daughter <a href="https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U45I.pdf?sv=2020-08-04&amp;st=2024-07-29T08%3A22%3A26Z&amp;se=2029-07-30T15%3A00%3A00Z&amp;sr=b&amp;sp=rl&amp;sig=X40vp7lhAgBEyEZOwezOlfvKZ1e%2FyjZkQLMnZs1gx%2FI%3D" target="_blank" rel="noopener">reported</a> a 5.05% position in <a href="https://www.smartkarma.com/entities/heiwa-real-estate-co-ltd" target="_blank" data-smartkarma-citation="entities:749:1" rel="noopener">Heiwa Real Estate (8803 JP)</a>. The shares were purchased from 24 May to 22 July.</li>
<li>Murakami's average buy-in price is JPY3,907.38, a 6.7% discount to the last close price. Recently, Simplex (the previous largest shareholder) sold its entire stake to <a href="https://www.smartkarma.com/entities/taisei-co-ltd-aichi" target="_blank" data-smartkarma-citation="entities:3079:1" rel="noopener">Taisei Co Ltd (4649 JP)</a>.</li>
<li>Murakami's disclosure suggests two possibilities: the start of an activist campaign or a short-term pump-and-dump play. Recent precedents indicate the latter.</li>
</ul>


Murakami's entity, City Index Eleventh, and daughter reported a 5.05% position in Heiwa Real Estate (8803 JP). The shares were purchased from 24 May to 22 July.
Murakami's average buy-in price is JPY3,907.38, a 6.7% discount to the last close price. Recently, Simplex (the previous largest shareholder) sold its entire stake to Taisei Co Ltd (4649 JP).
Murakami's disclosure suggests two possibilities: the start of an activist campaign or a short-term pump-and-dump play. Recent precedents indicate the latter.


Heiwa Real Estate (8803 JP): Murakami Becomes a Substantial Shareholder

Japan

TAISEI CO., LTD. provides building maintenance services on office buildings and hotels.  The Company's services include commercial cleaning, bed making, security services, renovation works, and fixtures and equipment maintenance services such as electric wires and ventilation systems.

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Heiwa Real Estate (8803 JP): Murakami Becomes a Substantial Shareholder

Murakami's disclosure suggests two possibilities: the start of an activist campaign or a short-term pump-and-dump play. Recent precedents indicate...

Arun George