Monthly Archives: July 2015

Softbank Corp (TKS:9984)

Softbank Corp (TKS:9984)

I mentioned in my portfolio half year review that I had taken a new position in Softbank and here is the full thesis. Softbank (TKS:9984) (ASE:SFT) is a Japanese telecoms company and is one of the largest in the world. Investors may know the company because of its 36.3% holding in Alibaba (NYSE:BABA) and 80% ownership of US telecoms company Sprint. The investment thesis for Softbank is relatively straight-forward. It currently owns a stake in Alibaba worth ¥9.6tn, yet its market cap is only ¥8.8tn. In addition to the Alibaba stake however, you get an 80% stake in Sprint, a 43% stake in Yahoo Japan, and operating businesses with net income of ¥720m per year.read more

Half year portfolio review

Half year portfolio review

Time sure flies, it’s time again for a half year review. I don’t put much weight on my half year results but it’s useful to keep track of what is going on. In many ways H1 2015 was a pretty dire 6 months for my portfolio, yet I managed a respectable 8.8% return compared to 4.5% for the FTSE All share tracker and 0.2% for the S&P 500 tracker.read more


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