In today’s briefing:
- Golden Egg Was Not Lost, but How Long Can Keisei Electric Railway Buy Time?
Golden Egg Was Not Lost, but How Long Can Keisei Electric Railway Buy Time?
- Until the “parent-subsidiary (affiliate) listing” is resolved, the value of parent company isn’t usually reflected. If Keisei has some business interest in holding OLC shares, it’s responsible for explaining it.
- If OLC shares were mostly sold, there’d be nothing left for Keisei, which couldn’t find strategy for using cash, so the decision of not losing the growing affiliate isn’t bad.
- This small sale is to buy time until a clear growth strategy is found, but once the ratio of foreign shareholders exceeds 1/3, building time will likely become more difficult.
💡 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
