I believe it is reasonable for them (shareholders) to reject the proposal because no investor would want the parent competing with the listed unit for any upstream asset acquisition. |
The big loss at the last day of trading in 2005 was a bit unjustified. The selling was a bit overdone, so today most of the gains were due to bargain-hunting. |
The Japanese market is closed today, so there are few reasons to prompt investors to either sell or buy. Besides some investors are still in a holiday mood. |
The reporting season is in full swing now, and the market's direction will hinge on blue chips' results. |