In today’s briefing:
- JAPAN ACTIVISM: Murakami-San Goes Substantial on Pacific Metals (5541)…. Again
JAPAN ACTIVISM: Murakami-San Goes Substantial on Pacific Metals (5541)…. Again
- Yesterday after the close, activist Murakami-san’s entity City Index Eleventh reported a 5.76% position in beleaguered-now-smallcap ferro-nickel and nickel producer Pacific Metals (5541 JP).
- The company continues to lose a LOT of money. It is cheap at 0.4x book.
- But there are interesting things going on. And Murakami-san has a…. uh…. history here.
💡 Before it’s here, it’s on Smartkarma
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