There are also stocks that have more than doubled their stock price after being owned by Activist! Be wary of risks of delistings and corporate turmoil
Activists (talking shareholders) are rapidly increasing from 2022 to 23. According to their theory, the corporate side accepts their proposals, and when corporate value actually increases, stock prices rise, so investors, including activists, and the corporate side have a WIN-WIN relationship.
Actually,There are many cases where stock prices rise when activities such as shareholding, buying up, and proposals to companies by activists become clearSeems like it. On the other hand, the corporate side hates the intervention of activistsdelistedBy choosing or replacing management teamsConfusion may occur within the companyThere is also a case.
Actually,There are many cases where stock prices rise when activities such as shareholding, buying up, and proposals to companies by activists become clearSeems like it. On the other hand, the corporate side hates the intervention of activistsdelistedBy choosing or replacing management teamsConfusion may occur within the companyThere is also a case.
As an example of a case where stock prices are rising due to the intervention of an activist, Oasis Management (Hong Kong), which is an activist $Tsuruha Holdings(3391.JP$Examples include cases where they are requesting the replacement of outside directors, etc.Tsuruha's stock price rises every time Oasis shares are held or bought up, and proposals are madeDoing it.
There are also reports that the corporate side opposes the activist side's proposal and is considering delisting, which is a factor in stock price fluctuations. Bloomberg on the 8th of this month reported that Tsuruha is seeking de-listing due to acceptance of acquisitions, and multiple investment funds, such as US Bain Capital, are considering acquisitions. The stock price on the 11th rose 25.53% compared to the closing price on 2022/12/26, when it became clear that Oasis's holding of Tsuruha shares was revealed.
That said,Stock prices do not necessarily rise over the long term due to activist activities。 Regardless of whether the corporate side accepts or does not swallow activist proposals, there are also cases where long-term corporate value is damaged, leading to stock price declines, or delistings, depending on the content of the proposal and the response of the corporate side.
The stock price of Yaizu Fisheries Chemical Industries in the chart has risen 43.83% compared to 2022/12/22, when Nanahoshi Management announced a campaign site against the company, but compared to the highest value when the corporate side carried out share buybacks through tender offers with the aim of delisting, the closing price on the 11th fell 14.96%.
Also, compared to 2022/8/9, when it became clear that the activist side held 6.54% of shares, the JAFCO Group's stock price temporarily rose 27.66% when the company side expressed its intention to buy shares through a tender offer, but then fell 34.71%.
Also, compared to 2022/8/9, when it became clear that the activist side held 6.54% of shares, the JAFCO Group's stock price temporarily rose 27.66% when the company side expressed its intention to buy shares through a tender offer, but then fell 34.71%.
Related stocks: $Cosmo Energy Holdings(5021.JP$、 $T&K TOKA(4636.JP$、 $焼津水産化学工業(2812.JP$、 $Shimizu(1803.JP$、 $Fujitec(6406.JP$、 $Jafco Group(8595.JP$
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