In today’s briefing:
- Zensho Holdings (7550) – ¥50bn Offering Is Not Meant For You
Zensho Holdings (7550) – ¥50bn Offering Is Not Meant For You
- Zensho Holdings (7550 JP) has had a great couple of years in share price movement. And this year is seeing earnings explode to new highs. M&A and FX.
- Now they want to build a “war chest” equivalent to 4% of market cap to go do more M&A.
- This seems opportunistic. And the shareholder register is extraordinarily lopsided. There is really only one buyer for this deal.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
