Tokyo Gas Mulling Real Estate Options After Elliott Investment [Yahoo! Finance Canada]
TOKYO GAS CO LTD UNSP/ADR (TKGSY)
NASDAQ:AMEX Investor Relations:
tokyo-gas.co.jp/ir/english/library/earn_e.html
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg Some of Tokyo Gas Co.'s real estate assets do not have high capital efficiency, and the firm will consider ways to utilize them better, President Shinichi Sasayama said at a briefing in Toyko on Thursday. The company also believes its current mid-term return-on-equity target of 8% is not enough, and will raise it once the goal is met, Sasayama said. Elliott Investment Management, which reported a 5% stake in Tokyo Gas last week, wants the company to sell down its multi-billion dollar portfolio that has little apparent overlap with its core energy business. The activist fund has focused on the gap between the book value of properties and their potential price tag if sold on the open market. Tokyo Gas holds properties in prime areas of the Japanese capital, such as the Shinjuku Park Tower, that Elliott estimates could be worth as much as 1.5 trillion yen ($9.9 billion). Sasayama refrained from commenting on how the company will utilize specific properties
Show less
Read more
Impact Snapshot
Event Time:
TKGSY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TKGSY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TKGSY alerts
High impacting TOKYO GAS CO LTD UNSP/ADR news events
Weekly update
A roundup of the hottest topics
TKGSY
News
- Analysis-Rival LNG supplies, Sakhalin's depleting fields give Japan an exit from Russian gas [Yahoo! Finance]Yahoo! Finance
- Woodside to bring in several partners to Louisiana LNG project by March, CEO says [Yahoo! Finance]Yahoo! Finance
- Tokyo Gas Mulling Real Estate Options After Elliott Investment [Yahoo! Finance]Yahoo! Finance
- Hedge Funds Pile Into Japan's $165 Billion Real Estate Trade [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tokyo Gas Faces Scrutiny Over $9.7 Billion Real Estate Portfolio [Yahoo! Finance Canada]Yahoo! Finance Canada