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

623 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.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 9-minute read)
Discussions
(Paid Plans Only)
chart-bar
x