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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +$0.00 +0.00% $1.0825 $1.08 $1.085 - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -2.9 -3.5 - 100.08

Prospect Japan Share Discussion Threads

Showing 1 to 14 of 25 messages
Chat Pages: 1
DateSubjectAuthorDiscuss
22/3/2017
07:20
Yet to regret having sold out - why on earth is the bid taking so long. Performance vs market last year pretty dire!
spectoacc
22/2/2017
16:21
Aye I don't disagree; I reckon I'd have ended up with japanese paper tho? Couldn't understand why it hasn't gone higher, but thought that may be why.
spectoacc
22/2/2017
15:33
Hi SpectoAcc - the implied value of the merger is way above the current stock price. Extension of deadline is typically a good sign...
actofwill
22/2/2017
15:11
Sold back out and putting the money to work elsewhere. Good luck holders.
spectoacc
17/2/2017
13:03
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.
spectoacc
11/1/2017
15:02
Yes good point - deal seems very likely to go through to me, so would make for a decent trade.
spectoacc
11/1/2017
14:38
Yes adding I believe. And probably shorting the acquirer.
epistrophy
11/1/2017
14:14
A cash alternative would be handy. Are Weiss adding or selling? From first RNS I thought adding.
spectoacc
11/1/2017
13:54
On a technical note, the Japanese company has a lot size of 1,000 shares (around £500) so must be traded in units of this size. I wonder how they will handle smaller holdings (assuming the offer goes ahead) or "residual" holdings that fall below the lot size. Might they be obliged to offer cash for these?
epistrophy
10/1/2017
13:26
Thanks @greasynut; agreed re understated NAV.
spectoacc
10/1/2017
11:55
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).
greasynut
10/1/2017
08:10
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.
spectoacc
13/2/2015
22:27
Weiss collecting 7.55% http://uk.advfn.com/news/UKREG/2015/article/65420583 Then the NAV drops....
praipus
07/11/2014
14:48
On the watch list.
ifthecapfits
Chat Pages: 1
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