reports
- Pierre François Merveille
Softbank Group : SoftBank has a new right Arm
SoftBank Group has delivered on its promise made in May 2022 to move into a defense mode as new investments have been slashed in FY 2022 (ending in March 2023) and the reported LTV ratio has significantly declined from 20.4% in Q4 2021 to 11% in Q2 2023, well below its internal limit of 25%. The improvement of the LTV ratio was primarily driven by the full monetization of the Alibaba stake through new prepaid forward contracts. Conversely the exit of Alibaba had an adverse impact...
- Pierre François Merveille
Softbank Group : SoftBank has a new right Arm
SoftBank Group has delivered on its promise made in May 2022 to move into a defense mode as new investments have been slashed in FY 2022 (ending in March 2023) and the reported LTV ratio has significantly declined from 20.4% in Q4 2021 to 11% in Q2 2023, well below its internal limit of 25%. The improvement of the LTV ratio was primarily driven by the full monetization of the Alibaba stake through new prepaid forward contracts. Conversely the exit of Alibaba had an adverse impact...
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