Taikun, sir! I have been lurking on the Softbank forum (the best on SI) for months now, somewhat envious of all of you Softbank holders because I was and am convinced that Softbank's run has only begun, yet unable to jump on board because of the steep and rising entry price.
Then I discovered Trans Cosmos (note: Trans Cosmos ends with an "S") whose US internet-related venture holdings may not be all first class but they are well spread. This big (4,000 employees; TSE code 9715) company is moving rapidly into Japanese net-related businesses now (recently established a venture capital fund together with Nikko Securities) and nicely profitable and just about being discovered by folks in Japan.
Things are happening very fast here in Japan. Note the huge growth rates of applications for i-net usage among mobile phone users; and *everybody* ('cept me) has a mobile phone in Tokyo. Note the big increases in PCs sold (still far from saturation levels). Note also the recent deregulation of brokerage commissions, the quickly rising popularity of on-line investing, and the beginning shift of post-office savings into the share market. Trans Cosmos is spreading far and wide, investing, managing, and consulting in businesses of the internet hard/soft/service sectors BOTH in the US and Japan.
I bought in two weeks ago, the share price has since risen 50% -- some Japanese broker publicly mumbled of a target of 60,000 yen -- and has been flying on BID only for the last three trading days (i.e. it is rising daily by the TSE limit of about 10% per day). If it continues like this, I may yet catch up with Softbank to switch horses in full gallop -- to sprint with Trans Cosmos, to walk far with Softbank.
Today's (Dec. 13, BID only) price on the TSE: 30,800 yen.
I also hold SIFY and KOREA. Economically speaking, Asia is on the go. |
