Uwe and Thread: The following was posted over at Raging Bull. It is in response to a question comparing CMGI to Softbank. By: reback
Reply To #4775 by jtg356 Tuesday, 2 Feb 1999 at 8:49 AM EST
Post # of 4862
Softbank is far larger.
And they actually tally what they own, updated daily. See softbank.co.jp. The are several other items in the ir directory that are helpful. Using the yen value in the upper right corner, thats $14.8B!! As of Friday, my calc on CMGI was $1.94B.
They also have somewhere around 30 companies they have invested in that are not public. So figure $1B plus for that plus $1B plus for their ability to build value. They also have some services units and a Japanese part that I would guess at $2B plus. Add those in and you get close to $20B.
As for market cap, see quote.yahoo.co.jp.
This is Yahoo Japan, in which they have a majority interest. Their symbol is 9984. (Toyota is 7203, just for a comparison.)
This was a bit tricky to decipher, but the first line is close, change, previous close, volume, and market cap (note this). The second line is open, high, low, and three I didn't determine. Think the third line is dividend yield, dividend, P/E, earnings, price to book, and book value. No idea about the fourth line.
Taking the market cap and dividing by the yen rate, the market cap is $7.54B.
This stock is DIRT CHEAP! It should be near triple of what it is.
Will it get there? One of the documents in the investor relations was a presentation. They will have a special shareholders meeting in February to promote themselves as a holding company. They will report market value of companies held along with earnings in their annual statement for the year ending March 31st.
US symbol is SFTBF. Few quote systems have it and none appear to update during the day. qs.secapl.com is about as good as it gets. The Japanese close translates to $73.50 but there is a wide spread.
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