What are your thoughts on IMAX managements comments in the most recent earnings call? "These organizational and tax efficiency gains have allowed us to capture a number of benefits we were aiming to realize from the IMAX China privatization effort we engaged in last year. Thus, our incentives to taking that business private have decreased."
Faking imo. CEO wants the cash and rlly no point delaying with the cash building up. Their cost reductions have been taking place through the year and they didnt sound that reluctant in previous quarters prior to the stock flying. Fwiw, last year, the $10 offer was a premium over ~$6+ and now event investors (partly my fault I guess with this substack post) have prepped for this event pushing the stock to even as high as $9 a few weeks back. That really puts pressure on the final bid price.
Interesting - aside from being a controlled company that's not good for minority shareholders, the HK market is still hated for now - maybe that will change soon... Yahoo also has the Price/Book (mrq) 1.36 / Forward Annual Dividend Yield 1.56% / Payout Ratio 18.66%...
What are your thoughts on IMAX managements comments in the most recent earnings call? "These organizational and tax efficiency gains have allowed us to capture a number of benefits we were aiming to realize from the IMAX China privatization effort we engaged in last year. Thus, our incentives to taking that business private have decreased."
Faking imo. CEO wants the cash and rlly no point delaying with the cash building up. Their cost reductions have been taking place through the year and they didnt sound that reluctant in previous quarters prior to the stock flying. Fwiw, last year, the $10 offer was a premium over ~$6+ and now event investors (partly my fault I guess with this substack post) have prepped for this event pushing the stock to even as high as $9 a few weeks back. That really puts pressure on the final bid price.
Interesting - aside from being a controlled company that's not good for minority shareholders, the HK market is still hated for now - maybe that will change soon... Yahoo also has the Price/Book (mrq) 1.36 / Forward Annual Dividend Yield 1.56% / Payout Ratio 18.66%...
I included your post in my links post for today: Emerging Market Links + The Week Ahead (May 13, 2024) https://emergingmarketskeptic.substack.com/p/emerging-markets-week-may-13-2024