found that price in Japan is under 2000 USD + 200 USD x 36 months. Too expensive for private use, but for business use it is pretty OK if it can deliver some value for companies
SFTBY and SFTBY.Pk both are the same US American Depository Receipts (ADRs) which represent 1/2 of a share of one foreign Softbank common share which trades in Tokyo under the number symbol 9984 and last traded at 6942 Japanese yen. 6942 Japanese yen converts to approximately $58.25 in US currency. Thus, each SBFTY should be worth and sell for approximately 50% of this amount.
The reason for the difference in prices between SFTBY and SFTBY.PK is that SFTBY.PK is an inactive trading symbol and last traded on October 30th of 2014 when the US ADRs were selling at that price which is showing when you punch in that symbol.
Keep well and prosper tcrable
Folks, I generally don't trade OTC overseas securities directly but I wanted to have a part of the BABA IPO so I bought some SFTBY. I probably would have been better off to buy BABA directly but that is water under the bridge. The question I have is that since the purchase, I have seen another security, SFTBY.PK that also trades OTC and it seems to be growing at a better rate than SFTBY. Could anyone provide any insight to a newb? Thanks
I bought this stock as they held a huge share od the BABA, but they also hold huge investments in say YHOO Japan. Heck, the BABA shares alone are worth the current market value, the others are being upgraded every day, by that I mean Sprint Bonds were well received or the news said they were listed at B+. Clearly this should be a investment house holding. Perhaps the young dudes that play the Wall Street now don't understand value, as they have plans for lunch, or a high priced dinner.
Thanks. So the only source of BABA shares for SpinCo is Yahoo? SpinCo should then track BABA perfectly. And YahooJapan has little value and Yahoo is part owner with SFTBY? Interesting days ahead!
First off Yahoo CEO is an idiot. She bought 41 companies in the last 12 months and none of them had any revenues. Yahoo is worthless except for BABA. Plus Yahoo has run up on speculation. At first Mayer sold off a large chunk of Baba then started to buy back shares so Dan Loeb could walk away with a big gain. Then she tells the shares that the BABA investment [over which she had no hand whatsoever] would be used wisely. But after two years, she was clueless as to how to use it further. Then along comes a hedge fund activist that proposes SpinCo to avoid taxes. This is absurd. Yahoo has owned the Alibaba investment for years... This is not a "new" holding and Mayer already sold off a chunk. And what exactly would spinco do? Exactly nothing but look like a holding company. It will never never fly.
Consider Softbank. It is much smarter and has a much larger BABA position. The question is how can Softbank benefit from its BABA investment... I think many ways especially if it affiliates with BABA for the hand held market. If one were to imagine Softbank long term potential linked with BABA, the potential is unlimited. Pushing shares of BABA to shareholders is a short sighted idea fit for American Companies, not Japanese Companies. The rise of Asia and especially BABA as the gateway to all Asia has almost surreal possibilities. And at present I view Softbank as easily 50% undervalued if you just consider the BABA investment alone.
Softbank does not have to resort to cheap tricks such as the Mayer notion of gutting yahoo and spinning off BABA shares. Mayer is a failure; if she had a plan or actually knew what she was doing, yahoo would be making money with innovation not just mimicking and doing it poorly. Nobody in their right mind would buy Yahoo to get BABA shares.
Sentiment: Strong Buy
I just don't know what to say. Sprint reported on Feb 5th and everybody loved the numbers -- stock rallies about 25% in past two weeks. Next SFTBY reports and Son whines about the travails of Sprint. #$%$? Is he trying to get the stock to go DOWN?
BABA reverses today and surges over a point -- just maybe ending its 2-week downturn. Sprint continues to rally today (look at the chart). Now SFTBY is down in JP trading.
Sorry -- I just can't think of anything to "discuss" after watching all of that.