Livedoor stock price update 2/13 February 13, 2006
Posted by fukumimi in general, IT, Japan.add a comment
Livedoor (4753.t) closed today at JPY61 (down JPY30), after falling by the maximum allowable amount in a single day per TSE rules, after news that the 4 ex-directors who were arrested will be formally charged today, along with two corporate entities (Livedoor and Livedoor Marketing).
The TSE has already announced that it would likely delist Livedoor and Livedoor Marketing stock if formal charges were to follow.
The Nikkei Index was down 2.34% to 15,877.66.
Drecom IPO update February 12, 2006
Posted by fukumimi in IPO, IT, Japan.2 comments
Drecom, the Japanese blog and search advertising firm IPO’d on the MOTHERS exchange on the 9th.
Just 2000 shares were offered, at a price of JPY760,000. Currently the share price is at JPY3.15million having reached maximum allowable single day gains on the first two days of trading.
The current share price values the company at more than $600M, with a PER of more than 500.
Financials for the year ending March 2005 were net profits of approx $0.5M on sales of approx $2.5M.
Crazy PERs are not uncommon on the emerging market exchanges in Japan, but this takes the biscuit.
from the inside, looking in 