What makes you believe that any value will be realized here? The company has been hoarding cash for years now. They have never paid a significant dividend or made a buyback. Seems like a classical value trap to me.
Thanks your comment. This website is not about high conviction picks. The idea is that if you own 100 stocks like this one you will do very well. Quite regularly such stocks do pay a high dividend or are being acquired for a much higher price. For small Japanese stocks like this one: I heard Japanese authorities are pressuring companies like this one to become more shareholder friendly.
Also, Yahoo Finance shows the forward dividend at 30 JPY per share. That would be 7.5%, with the stock already up to 412 JPY per share. So, they may have changed their dividend policy already.
What makes you believe that any value will be realized here? The company has been hoarding cash for years now. They have never paid a significant dividend or made a buyback. Seems like a classical value trap to me.
Thanks your comment. This website is not about high conviction picks. The idea is that if you own 100 stocks like this one you will do very well. Quite regularly such stocks do pay a high dividend or are being acquired for a much higher price. For small Japanese stocks like this one: I heard Japanese authorities are pressuring companies like this one to become more shareholder friendly.
Also, Yahoo Finance shows the forward dividend at 30 JPY per share. That would be 7.5%, with the stock already up to 412 JPY per share. So, they may have changed their dividend policy already.