bearish
Activist Palliser Re-Engages on Keisei Electric (9009) But The Oppty Remains Unconvincing
808 Views25 Apr 2024 13:34
Palliser has re-engaged with a Demand with vague hints of active measures if not mollified. I think Keisei will reject but will make a policy. My issue: even if Keisei agrees, how much upside?
What is covered in the Full Insight:
- Introduction to the Keisei Electric and Palliser Capital situation
- Analysis of Palliser's proposal and Keisei's response
- Discussion on the potential value of Keisei's assets
- Potential issues with reinvestment and creating a growth-oriented company
- Trade recommendation
Boomeranged on Fri, 24 May 2024 00:20
Since I wrote this piece, Keisei vs OLC is down small. Since I wrote the previous one, it is down more. I think there is room to go, but importantly, guidance on OLC isn' great. Palliser proposed an amendment to the AoI and on 20 May, Keisei came out against. There's a discussion point below. I continue to think that both Keisei and OLC are difficult longs and Keisei vs OLC not a great oppty.
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