Author Topic: YY - YY Inc.  (Read 8291 times)

MrB

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Re: YY - YY Inc.
« Reply #20 on: January 16, 2019, 01:22:51 AM »
if you need a catalyst, there is a clear one. They have the option to buy 100% of BIGO. That would use their idle cash + consolidate a very high growth business, giving them (even) better valuation optics.
As argued by this guy too.
https://seekingalpha.com/article/4231324-yys-hidden-asset-bigo
(previously posted link and needs subs)


gaia10

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Re: YY - YY Inc.
« Reply #21 on: March 01, 2019, 11:19:12 AM »
I have written a investment report on YY. I would love to hear your comments and feedback.

https://snowballvalue.wordpress.com/2019/03/01/yy-growth-at-a-cheap-price/

MrB

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Re: YY - YY Inc.
« Reply #22 on: March 05, 2019, 12:48:18 AM »
YY Announces Completion of Acquisition of BIGO
http://ir.yy.com/news-releases/news-release-details/yy-announces-completion-acquisition-bigo
Not ecstatic about the shares issued at these levels, but timing was a nice surprise.



YY Reports Fourth Quarter and Full Year 2018 Unaudited Financial Results
http://ir.yy.com/news-releases/news-release-details/yy-reports-fourth-quarter-and-full-year-2018-unaudited-financial
« Last Edit: March 06, 2019, 10:01:03 AM by MrB »

SnarkyPuppy

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Re: YY - YY Inc.
« Reply #23 on: March 06, 2019, 04:25:59 AM »
Ridiculous for them to issue undervalued shares vs using cash on balance sheet.  Oh well.  Cheap is cheap.

Sergio8

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Re: YY - YY Inc.
« Reply #24 on: March 06, 2019, 01:53:44 PM »
My understanding is that they can't buy BIGO at this valuation with cash on hand, as a big chunk of the cash is in Huya.

Though I guess the CEO makes a gift to himself through the share issuance, it removes conflicts of interest in the future.

Steven B

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Re: YY - YY Inc.
« Reply #25 on: March 14, 2019, 10:47:57 AM »
There are plenty of different streaming options in China. What are the possibilities for earnings falling off a cliff? From some quick searches it seems YY isn't as innovative and integrated as other players. Weibo and all. If you told me that in 5 years they've lost half of their streaming business I couldn't argue that it's impossible. Would like to be proven wrong because 2x FCF is a big matzo ball hanging out there.

It seems that their clientele is more from the 3rd and 4th tier cities, who would be the first to have problems in any economic downturn.

Just throwing in my 2 cents from a quick look. Good luck to the longs.

Jurgis

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"Before you can be rich, you must be poor." - Nef Anyo
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"American History X", "Milk", "The Insider", "Dirty Money", "LBJ"

MrB

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Spekulatius

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To be a realist, one has to believe in miracles.

Jurgis

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Re: YY - YY Inc.
« Reply #29 on: March 28, 2019, 07:23:46 AM »
"Before you can be rich, you must be poor." - Nef Anyo
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"American History X", "Milk", "The Insider", "Dirty Money", "LBJ"