Investors want to minimise or defer tax payments for higher returns. This can happen at the personal investor level and at the company’s level …
Continue reading “Hiding from the tax man, and what I like about Check Point”Tag: Share Buy Backs
Oriental Watch still has a huge pile of excess cash
Oriental Watch completed its conditional share buy back offer and reported H1 results.
Continue reading “Oriental Watch still has a huge pile of excess cash”Update on SoftBank after Q2 2020 results
SoftBank Group (9984 JP) reported Q2 results, for the period ending Sept 30, 2020.
Continue reading “Update on SoftBank after Q2 2020 results”Links🔗: Food for Thought #15
Below you find the most interesting investment-related content and thought-provoking articels I stumbled about in the recent past. Enjoy reads about: investment vehicles, China, 100 baggers, Goldman Sachs, 1MDB, Gilead, Intel, SES, Flow Traders, SPACs, … (this one got a bit longer far too long)
Buying Oriental Watch despite short term uncertainty
Since my last post regarding Oriental Watch I wanted to buy some shares, but never did so because …
Continue reading “Buying Oriental Watch despite short term uncertainty”Is SoftBank Group still worth holding? (update after Q1 results)
SoftBank Group Corp. reported its earnings results for Q1 FY2020 ending June 30, on Tuesday (Aug 11, 2020). Time to update my SOTP valuation …
Continue reading “Is SoftBank Group still worth holding? (update after Q1 results)”Softbank Group: Do I Want to Buy More, Hold or Sell?
SoftBank Group (SBG) reported its earnings results for FY2019 on Monday (May 18, 2020), including record losses — mostly driven by adjusting the value of its investments like WeWork and Uber, downwards. Son announced another share buy back program and that SoftBank would invest in startups on its own, since finding outside investors for SVF sequels is unlikely. Time to update my sum-of-the-parts valuation…
Continue reading “Softbank Group: Do I Want to Buy More, Hold or Sell?”How do Share Buy Backs and Other Sorts of Capital Allocation create Shareholder Value for You?
As a shareholder, you do want to know if all these share buy backs create value for you (and me) …
Continue reading “How do Share Buy Backs and Other Sorts of Capital Allocation create Shareholder Value for You?”News📰: Softbank Group spends 500 bn JPY on Share Buy Backs
Softbank Group Corp or SBG (9984 JP) plans to spend 500 bn Yen (c. 4.8 bn$) on Share Buy Backs, potentially purchasing about 7% of currently Oustanding Shares that will then be retired.
- This plan follows Elliots proposal, the amount falls way short though
- Share Buy Backs should (in theory) help closing the Valuation gap (NAV minus fair value)
- I like the news, especially after the strong sell off
Number of Shares Outstanding
The last step within a DCF valuation, is to divide the estimated fair equity value over number of shares outstanding to get to your estimate of fair value per share. This article discusses how to calculate the number of shares outstanding correctly and related issues, such as …
Continue reading “Number of Shares Outstanding”