[JAPAN ACTIVISM] Keisei Elec (9009) AGM Result Not Salutary, Tough To Win On This Stance

628 Views11 Jul 2024 19:02
An activist took on Keisei Electric, got ISS and Glass Lewis support, and still only got 30%. Getting to 50% requires swinging the whole potential swing vote. That's tough. So play the probabilities.
What is covered in the Full Insight:
  • Introduction and Background
  • Shareholder Proposals and AGM Results
  • Analysis of Voting Patterns
  • Potential Strategies for Activist Success
  • Conclusion and Investment Recommendation
Boomeranged on Tue, 30 Jul 2024 13:37
Keisei has underperformed OLC by 12% since the day AFTER I wrote this piece. It has underperformed by 30+% since Feb highs. Keisei is down 35% outright since it sold a 1% stake in OLC in early March. The ratio is at the lowest in a year, and is 7% below "undisturbed" (the day before Palliser's presentation last October) It is becoming a little less easy to run the short Keisei long OLC trade.
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