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   Technology StocksSoftbank Group Corp


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To: Glenn Petersen who wrote (5943)4/14/2021 12:13:41 PM
From: Madharry
   of 5989
 
i added to softbank this morning. to cheap for a company that seems to be hitting one home run after the other. Also very much under represented in the index fund universe.

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To: Madharry who wrote (5944)4/14/2021 1:06:25 PM
From: Paul Senior
   of 5989
 
Following you with a small add to my few shares.

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To: Paul Senior who wrote (5945)4/14/2021 2:37:42 PM
From: Madharry
   of 5989
 
besides the GRAB SPAC they are readying the uber of china for some kind of ipo that some say will drive a market cap of $100 billion

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From: Glenn Petersen4/19/2021 9:28:25 AM
1 Recommendation   of 5989
 
UK intervenes in Nvidia's takeover of ARM on security grounds

Reuters
April 19, 2021

Britain said on Monday it would intervene in SoftBank's (9984.T) sale of chip designer ARM Holdings to U.S. group Nvidia (NVDA.O) on national security grounds, and had requested a report on the implications of the $40 billion deal.

Digital Secretary Oliver Dowden said: "Following careful consideration of the proposed takeover of ARM, I have today issued an intervention notice on national security grounds.

"As a next step and to help me gather the relevant information, the UK’s independent competition authority will now prepare a report on the implications of the transaction, which will help inform any further decisions."

The deal, which was announced in September, puts a vital supplier to multiple silicon chip makers under the control of a single player, generating pushback from regulators and rivals to Nvidia, the biggest U.S. chip company by market capitalisation.

ARM, which was founded and is still based in Cambridge, England, does not make chips but has created an instruction set architecture on which it bases designs for computing cores.

Its chip designs and technology is licensed to customers like Qualcomm Inc (QCOM.O), Apple (AAPL.O)and Samsung Electronics Co Ltd (005930.KS).

Story Link

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To: Glenn Petersen who wrote (5947)4/27/2021 9:02:22 PM
From: Madharry
   of 5989
 
latest estimate i saw for Softbank valuation is 10350 yen.

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To: Madharry who wrote (5948)4/28/2021 1:33:59 AM
From: Madharry
   of 5989
 
Bloomberg article of 4-27 says Softbank repurchased around 15% of its own stock in the past year. Current discount to value 30-40%. company made significant repurchases at the share price highs in march.

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From: Glenn Petersen5/12/2021 4:44:31 AM
   of 5989
 
SoftBank Reports Highest-Ever Annual Profit For a Japanese Company

Profit of $45.9 billion driven by investment gains at Vision Fund and its successor

By Phred Dvorak
Wall Street Journal
Updated May 12, 2021 4:08 am ET

TOKYO— SoftBank Group Corp. 9984 -3.45% smashed profit records in its home country, riding a series of blockbuster initial public offerings to an annual net income of 4.99 trillion yen, equivalent to $45.9 billion—the highest ever for any Japanese company.

The results, which include a record profit of ¥1.93 trillion for the quarter that ended in March, cap a wild year in which the Japanese technology investor rode roller-coaster stock markets from the lows at the beginning of the pandemic to recent highs.

The numbers were driven largely by an annual investment gain of ¥6.29 trillion at its $100 billion Vision Fund and its successor, whose portfolio companies have been listing in droves as the stock market soars. The Vision Fund’s biggest win was a ¥2.6 trillion investment gain from its nearly 40% stake in South Korean e-commerce company Coupang Inc., which listed in March. SoftBank also logged ¥945.9 billion in gains from the sale last year of a controlling stake in U.S. telecom company Sprint Corp. as well as a rise in the value of its remaining holdings.

SoftBank said it has tripled the size of the capital it has pledged to its second Vision Fund, to $30 billion, amid the strong returns.

SoftBank shares ended at ¥9,180 on Wednesday, nearly double their price a year ago.

SoftBank’s heady numbers are the biggest validation yet of Chief Executive Masayoshi Son’s decision a few years ago to shift the conglomerate’s primary business to tech investment from telecommunications—a decision viewed with skepticism for years, especially when missteps at the Vision Fund cost the company billions in 2019 and early 2020.

SoftBank’s fiscal-year profit is roughly double that of Toyota Motor Corp.’s record—previously the highest for any Japanese company, according to data from S&P Global Market Intelligence. It puts SoftBank’s earnings in a league with tech stars like Google parent Alphabet Inc. or Microsoft Corp. , whose annual profit records are in the $40 billion range, the data shows.

The results had Mr. Son waxing nostalgic about the days in 1981 when he launched SoftBank in a small town in southern Japan, and dreamed of building a company that would earn trillions of yen in revenue and profit. “We can finally count our revenue and profit” in those terms, he said at a press conference in Tokyo, standing in front of a black-and-white photo of an intersection in the town. “This photo expresses SoftBank’s 40-year history.”

SoftBank has spent much of the past year selling assets, stocking up on cash and, more recently, racking up investment gains as global public markets soared.

In one of its first such moves early last year, the company unveiled a plan to buy back a whopping ¥2.5 trillion of its own shares—at the time equivalent to 45% of its stock—in a little over a year. That repurchase is now virtually complete, SoftBank said Wednesday. Investors have credited the step with helping spur the big rise in SoftBank’s shares, which are now trading slightly under all-time highs, and many are eager for the buybacks to continue.

After nearly a year and a half of slower deal-making, SoftBank has recently picked up the pace of investments—largely through its second Vision Fund, which the company is funding on its own after failing to attract outside investors. The fund, which started at the end of 2019, had invested in around 40 companies in the quarter that ended in March, a person familiar with the fund’s activities said.

SoftBank Reports Highest-Ever Annual Profit For a Japanese Company - WSJ

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To: Glenn Petersen who wrote (5950)5/22/2021 8:54:14 AM
From: Madharry
   of 5989
 
great article i just read on barrons. interview with masa son. takeaways- not selling any more baba which he says is undervalued now. he has 26 teams specialized by industry and geography and they compete for his investment dollars. he is focused on AI which he says has only penetrated 11% of the worlds industry and has proven to be a disruptive technology. Softbank has stakes in Didi and Byte dance the parent of TIk Tok and both are ready to go public soon. latin american investments have been great so far and softbank is expanding there. ( i conitnue to hold my large position in softbank)

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From: Glenn Petersen6/11/2021 12:57:21 PM
   of 5989
 
Do the math.

Didi didn’t disclose the size of its raise. Reuters reported the company could raise around $10 billion at a valuation of close to $100 billion, though The Wall Street Journal cited a valuation upward of $70 billion. Uber’s market cap currently exceeds $90 billion.

Cheng Wei, Didi’s 38-year-old founder owns 7% of the company’s shares and controls 15.4% of its voting power before the IPO, according to the prospectus. Major shareholders to reap returns are SoftBank Vision Fund, which owns 21.5% of the company, Uber with 12.8% and Tencent at 6.8%.

------------------------------

SoftBank, Uber, Tencent set to reap rewards from Didi IPO

Rita Liao @ritacyliao
TechCrunch
8:08 PM CDT•June 10, 2021

After years of speculation, Didi Chuxing, China’s ride-sharing behemoth, finally unveiled its IPO filing in the U.S., giving a glimpse into its money-losing history.

Didi didn’t disclose the size of its raise. Reuters reported the company could raise around $10 billion at a valuation of close to $100 billion, though The Wall Street Journal cited a valuation upward of $70 billion. Uber’s market cap currently exceeds $90 billion.

Cheng Wei, Didi’s 38-year-old founder owns 7% of the company’s shares and controls 15.4% of its voting power before the IPO, according to the prospectus. Major shareholders to reap returns are SoftBank Vision Fund, which owns 21.5% of the company, Uber with 12.8% and Tencent at 6.8%.

The nine-year-old company, which famously acquired Uber’s China operations in 2016, is more than a ride-hailing platform now. It has a growing line of businesses like bike-sharing, grocery, intra-city freight, financial services for drivers, electric vehicles and Level 4 robotaxis, which it defines as “the pinnacle of our design for future mobility” for its potential to lower costs and improve safety.

Didi set up an autonomous driving subsidiary that banked $500 million from SoftBank’s second Vision Fund in May last year. The unit now operates a team of over 500 members and a fleet of over 100 autonomous vehicles. It’s also designing EVs for ride-hailing as China pushes taxis and ride sharing companies to phase out fossil fuel vehicles.

Market dominance

For the twelve months ended March, Didi served 493 million annual active users and saw 41 million transactions on a daily basis. It had 156 million monthly users in Q1, well above Uber’s 98 million in the period.

China’s official data showed the country had 365 million ride hailing users as of December, which suggests Didi commands a substantial market share.

Mobility services in China have consistently accounted for over 90% of Didi’s revenues. The company has tried to expand its presence in a dozen overseas countries like Brazil, where it bought local ride-hailing business 99 Taxis. And more than 97% of Didi’s China-based mobility revenues — which also include taxi hailing, chauffeur and carpooling, a lucrative business that was revamped following two deadly accidents — came from ride-hailing between 2018 and 2020.



Third-party data also speaks to Didi’s dominance. Aurora Mobile, an app tracking firm, showed that Didi had 77.6 million active users in March. Its closest rival Geely-backed Caocao was less than one-tenth of its size.

Didi had been operating in the red from 2018 to 2020, when it finished the year with a $1.6 billion net loss, but managed to turn the tide in the first quarter of 2021 by racking up a net profit of $837 million. It noted that the increased profit was primarily due to investment income from the deconsolidation of Chengxin, its cash-burning grocery group buying initiative, and an equity investment disposal.

Revenue from Q1 also more than doubled year-over-year to $6.6 billion. Uber, in comparison, racked up $2.9 billion in revenue for the period.

Didi plans to spend 30% of its IPO proceeds on shared mobility, electric vehicles, autonomous driving and other technologies. 30% will go towards its international expansion and another 20% will be used for new product development.

SoftBank, Uber, Tencent set to reap rewards from Didi IPO | TechCrunch

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To: Glenn Petersen who wrote (5952)6/25/2021 3:00:22 PM
From: Madharry
   of 5989
 
listened to the annual meeting of softbank including Q&A with Massa Son. worth a listen. takeaways- 25 years irr was 43%, stock price currently about 50% of nav. future buybacks a distinct possibility. He believes nvidia purchase of arm will go through.

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