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PJF Prospect Japan

1.305
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Prospect Japan LSE:PJF London Ordinary Share GB00B011QL44 ORD US$0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.305 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.305 USD

Prospect Japan (PJF) Latest News

Real-Time news about Prospect Japan (London Stock Exchange): 0 recent articles

Prospect Japan (PJF) Discussions and Chat

Prospect Japan Forums and Chat

Date Time Title Posts
22/3/201707:20Prospect Japan14

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Prospect Japan (PJF) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Prospect Japan (PJF) Top Chat Posts

Top Posts
Posted at 22/2/2017 15:33 by actofwill
Hi SpectoAcc - the implied value of the merger is way above the current stock price. Extension of deadline is typically a good sign...
Posted at 17/2/2017 13:03 by spectoacc
118 a very popular buy price, if you look at yesterday & today's trades - nearly always in the intra-day auctions.

Still waiting on news of formal bid after deadline got extended a month.
Posted at 10/1/2017 11:55 by 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).
Posted at 10/1/2017 08:10 by spectoacc
Been buying this morning - is possible (more than possible) I've done the maths wrong, but I fancy the offer to go through and I reckon it's cheap at only +20%, vs c.+52% premium.

Sadly, sold out of my losing LTBH on PJF some time ago, but had held it for ages & this has been an underperformer forever. Pretty generous offer to be over NAV, but is in shares not cash.
Prospect Japan share price data is direct from the London Stock Exchange

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