EQUITYOPPORTUNITY

Monday, March 03, 2025

Fujisash 不 二サッシ, the FIRST Japanese equity purchased way back in July 2017, re-enters a 2nd time seeking a 3rd win!

  My maiden purchase in Tokyo on the US's Independence Day 8 years ago, was entered into at ¥108.63 and exited 11 months later for between ¥171 - ¥175, while the re-entry at ¥83 twenty-nine months subsequent to the first exit was a much more drawn out affair: a 70% disposal at ¥101.2857 after forty-one[!] months & 4 dividends which brought the passive income portion to over  ¥4,600 & the capital gain portion to  ¥67,383.85.

  Today, less than 1 month from the ¥2 per share ex-dividend day, I re-entered again, questing for a hat3rick on what I consider a lucky charm stock, in light of the improving performance:

 These figures are a far cry from the co's stats from the lows of ¥420 in 2011 & ¥130-400 in 2001-2002 when the NTA was ¥120 rising to ¥310 in 2003 after nearly a decade of continuous losses, before tumbling to -ve net assets by 2007 despite a huge turnaround in profits to ¥45.8 EPS in 2005 & over ¥206 in 2007. In these tumultuous roller-coaster corporate vicissitudes, it resembles construction group Tobishima, the 8th🎌 scalp in '25, though on a less dramatic scale as the latter went through a 100 to 1 capital reduction in the early noughties:


  



 

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