After Elliott, another activist Investor invests in SBG as discount to NAV is too big to persist and proposes steps to increase shareholder returns.
This is not investment advice. Please read the disclaimer. I might own discussed stock(s) currently or at a later time. I might transact in any securities at any time.
I do currently own shares (economic interest) in mentioned companies.
- Asset Value Investors Ltd. or AVI, a UK Money Manager built a stake in Softbank Group (9984 JP)
- AVI invested c. 5 bn JPY (47 mn USD) and is thus an SBG Investor too small to make proposals at annual genberal meetings
- but AVI send a letter to SBG
It’s very, very cheapBauernfreund
It trades at a massive discount to the value of its assets. And on top of that, the planned asset disposal and buyback will be massively accretive to the net asset value.Bauernfreund
It’s mathematically impossible, really, for the discount to stay at these wide Levels.Bauernfreund
With recently communicated action plans, it seems that SBG is somewhat acting in ist investors sense
They should be selling down some of their investment portfolio, using the money to buy back sharesBauernfreund