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Hyakugo Bank Ord Shs HYKUF

The Hyakugo Bank, Ltd. is a Japan-based company mainly provides financial services such as leasing business mainly banking. The Company mainly operates through two business segments. The Banking segment provides deposit services, loan services, domestics exchange services and foreign exchange services. This segment is involved in the investment trust and insurance counter sales, financial product intermediation, merger and acquisition (M&A) and syndicated loans. This segment is also engaged in the examination and adjustment of cash, the storage and management of documents and accounting books, the survey and evaluation of real estate, the placement agency and personnel management business. The Leasing segment is engaged in the leasing business. The Company is also engaged in the trading of financial products, the credit card and credit guarantee business, the provision of regional industry survey- and consulting-related services, as well as the processing of information business.


PINL:HYKUF - Post by User

Comment by rationalexuberanceon Oct 16, 2018 2:52pm
126 Views
Post# 28812332

RE:RE:RE:RE:insider buying

RE:RE:RE:RE:insider buyingI agree, they haven't executed very well.  In 2017, they were a 5-star stock posting great earnings. 

Unfortunately everyone including Dethelsen, Quintana, Sprott, Lorito, and Zebra are underwater on it.  

According to the conference call, they were predicting not only being cash flow positive but a return to profitability.

 More importantly to me though are their actions.  Divesting their thermal coal division makes me think they are cleaning up the balance sheet for a sale later this year (Nov / Dec ?).
 
Still, one might want to temper one's expectations on the stock....there will be a lot of depreciation because of the $66mil asset reversal last year.  The cash flow statement will be everything.

Can hardly wait to be done with these cyclical stocks!
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