bullish
HUGE Asics (7936) Offering - Big Guidance Boost at ATH So Feed the Ducks When They Are Quacking
1k Views12 Jul 2024 21:05
Banks and insurers are unwinding crossholdings. Asics says it asked. In reality, they needed to sell. So we have a big offering. But decent index demand and a HUGE guidance revision. Buy any big dip.
What is covered in the Full Insight:
- HUGE Asics Offering
- Offering Details
- Buyback
- Index Demand
- Shareholder Structure
Boomeranged on Mon, 15 Jul 2024 19:37
After the upgraded guidance on Friday, it appears as if one analyst has raised his/her estimate to ¥55bn (against guidance of ¥58bn), but consensus will likely follow this week. The rise in guidance compared to consensus is enough to completely offset the increase in shares out (if we were to consider this non-dilutive offering to be dilutive). I recommend buying any large early dip.
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