Author Topic: 9984 - Softbank  (Read 72861 times)

plato1976

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Re: 9984 - Softbank
« Reply #170 on: April 04, 2020, 09:01:54 PM »
Does anyone have the latest NAV details on softbank , esp. after the recent plunge of uber, wework, etc. ?  they can be wiped out in the vision fund

Softbank is up 8% or so year to date and about 20% from its October 2019 1 year low, but there have been some interesting developments lately

1) Elliott bought $2.5 billion of the shares (neutral to positive, not a negative)

http://thejewishvoice.com/2020/02/paul-singers-nyc-hedge-fund-collects-3b-stake-in-softbank/
https://www.wsj.com/articles/elliott-push-at-softbank-reflects-rise-of-shareholder-activism-in-japan-11581341934
https://www.barrons.com/articles/elliott-managements-plan-to-fix-softbank-51581120898
https://www.ft.com/content/236917e0-4973-11ea-aeb3-955839e06441

2) Sprint / T-Mobile Approved; given that 9984 owns 83% of Sprint and the stock is up 70% or whatever, this is clear positive.

The quantum of the above two developments may be overshadowed by coronavirus and its impact on the most important holding, Alibaba, though BABA / 9988 have been remarkably resilient.

Still $100 billion market cap for $200 billion+ of risk assets with angry Elliott in the mix and the leading e-commerce company in China is pretty enticing.

might buy a little, tail hedged of BABA (ie buy $100 of Softbank and for every $100 buy $100 notional of 30% OTM long term puts on BABA for like $5-$6


Xerxes

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Re: 9984 - Softbank
« Reply #171 on: April 06, 2020, 05:46:55 AM »
I recall reading somewhere that SoftBank maintains updated NAV on its website.

I was once, some years back, under the voodoo magic of Masa Son. I did manage to sell the whole lot with a 40% gain a week prior to Uber IPO. What broke the magic for me was WeWork. I was ok and still am ok with Uber.

I really had a hard time to square that WeWork thing with the conservative view Brookfield had when it came to real asset investments. And btw I am non expert when it comes to real estate (my background is in Aerospace). . Just the optics looked really weird to me between the two.

I think SoftBank deserves permanent discount to NAV.

Xerxes

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Re: 9984 - Softbank
« Reply #172 on: April 06, 2020, 08:23:11 AM »
there it is

https://group.softbank/en/ir/stock/sotp

where they maintain a live version of discount to NAV

A Dhandho Investor

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Re: 9984 - Softbank
« Reply #173 on: June 15, 2020, 12:13:18 AM »
https://www.bloomberg.com/news/articles/2020-06-14/softbank-invested-in-credit-suisse-funds-financing-its-bets-ft#:~:text=SoftBank%20poured%20money%20into%20more,as%20well%20as%20marketing%20documents.

Quote
SoftBank poured money into more than $500 million in Credit Suisse investment funds that in turn invested in debt of the startups backed by the Japanese companyís Vision Fund, the Financial Times reported, citing three people familiar with the matter as well as marketing documents.

If only there was a name for this kind of scheme  ::)

fareastwarriors

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Re: 9984 - Softbank
« Reply #174 on: September 12, 2020, 03:41:02 PM »
Nvidia nears deal to buy chip designer Arm for more than $40 billion, sources say

https://www.reuters.com/article/businessNews/idUSKBN2630UE

ValueMaven

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Re: 9984 - Softbank
« Reply #175 on: September 12, 2020, 03:41:42 PM »
Lots going on here right now ... stupid massive option trade ... but it looks like they might sell ARM for $40b.  Still deeply discounted to NAV.  Thoughts?

Liberty

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Re: 9984 - Softbank
« Reply #176 on: September 12, 2020, 03:53:39 PM »
Lots going on here right now ... stupid massive option trade ... but it looks like they might sell ARM for $40b.  Still deeply discounted to NAV.  Thoughts?

Considering they paid 32 billion for ARM in 2016, and in 2016 Nvidia had a similar market cap to ARM, I'd say both companies have had pretty different trajectories..

Spekulatius

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Re: 9984 - Softbank
« Reply #177 on: September 12, 2020, 04:58:14 PM »
Lots going on here right now ... stupid massive option trade ... but it looks like they might sell ARM for $40b.  Still deeply discounted to NAV.  Thoughts?

Considering they paid 32 billion for ARM in 2016, and in 2016 Nvidia had a similar market cap to ARM, I'd say both companies have had pretty different trajectories..

The ARM acquisition was certainly a failure, as the revenues havenít risen much and earnings evaporated. It looks like a deal due to rising tech valuations bails SoftBank out, similar what happened with the Sprint sale.
Itís a big positive for SoftBank unless they make another dump acquisition with proceeds.
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fareastwarriors

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Re: 9984 - Softbank
« Reply #178 on: September 13, 2020, 11:41:17 AM »

fareastwarriors

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Re: 9984 - Softbank
« Reply #179 on: September 17, 2020, 09:56:41 PM »
SoftBank Group to sell U.S. cellphone distributor Brightstar in latest asset sale

https://www.reuters.com/article/us-softbank-group-divestiture/softbank-group-to-sell-u-s-cellphone-distributor-brightstar-in-latest-asset-sale-idUSKBN2690A1

Brightstar could be valued at more than $1 billion, the people said.

SoftBank said in a statement it would sell the firm to a newly formed subsidiary of private equity firm Brightstar Capital Partners for cash as well as a 25% stake in the subsidiary. Brightstar Capital is not an affiliate of Brightstar Global, the statement said.