||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
|Prospect Japan Daily Update: Prospect Japan is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker PJF. The last closing price for Prospect Japan was US$1.15.|
Prospect Japan has a 4 week average price of US$1.05 and a 12 week average price of US$0.96.
The 1 year high share price is US$1.19 while the 1 year low share price is currently US$0.86.
There are currently 92,452,602 shares in issue and the average daily traded volume is 41,307 shares. The market capitalisation of Prospect Japan is £104,933,703.27.
|greasynut: Having looked at it this morning, I conclude that:
- The NAV is grossly understated, having a huge option-like element on the shares of the manager and potential acquirer, Prospect, in the form of Stock Acquisition Rights (SARS).
- This transaction therefore represents a buyback of potentially diluting shares at a price of 54 Yen, while their share price is today at 70 Yen.
- The Prospect Japan IT has been manipulated for the benefit of the Prospect management as the SARSs were clearly inappropriate for the IT, representing a silly proportion of NAV if they were ever exercised and could be bought back by the management at cost price should their shares perform too well.
- On the other hand, today's buyer can secure a cheap entry into Prospects' Japanese listing should they wish to hold an 'entrepreneurial' small cap which has demonstrated limited ability with asset management (in this case).|
Prospect Japan share price data is direct from the London Stock Exchange