Shinoken (8909 JP), June 2021

Shinoken seems like a good bet to take.

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.

The overall proposition seems rather good to me and I am willing to increase my wager (already own a small position) on the basis of improving earnings quality and an attractive growth vision. Before building a much bigger position, I must get a better feeling for management’s integrity and the share distribution issue, and I want to do more research on the company’s growth prospects and the question if the product does fly. >>Read my note here (pdf).

==> Do you have any good sources for Japanese property investments, taxes, fees, etc? Please let me know! You can publicly comment here on my blog or write me an email.

All company-related posts should be tagged with the company’s ticker 8909 JP. Specific company write-ups are in the category Shinoken Group Co Ltd.

I own shares in the mentioned company.


2 thoughts on “Shinoken (8909 JP), June 2021

  1. Thank you so much! This is a fantastic write-up on Shinoken and the best write-up that I have seen so far. Love that you say that we always have to think in bets and making decisions. Personally, I came to the same conclusion. Good to have a position in Shinoken but I am not eager to increase it much further at least until I understand the business, management and capital allocation a bit better.

    Liked by 1 person

  2. Thank you ver ymich for your kind words. Since reading Thinking in Bets from Annie Duke, I actively try to write this section. It helps a lot to think (more) probabilistically and to tackle a few of our biases 🙂


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