In today’s briefing:
- ROE Trends Do Not Seem to Indicate a Significant Change in Management’s Mindset?
ROE Trends Do Not Seem to Indicate a Significant Change in Management’s Mindset?
- The fact that only 7% of companies disclosed their cost of capital disappoints investors who had hoped that the “TSE request” would change management’s mindset to become more share-price conscious.
- The average ROE of listed companies declined slightly. This indicates that they haven’t been able to find effective investments to raise business profitability and that shareholder returns have been inadequate.
- The ROE trend does not indicate a significant change in management’s mindset, so this will be a major issue if the stock price moves lower to the June AGM season.
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