Subscribe to RSS
UnitedStates Germany Russia India Turkey SouthAfrica England Netherlands Philippines Belgium Australia Brazil Spain China Kore

A shareholder has filed a lawsuit against NTN?

Dynamics of prices of shares on the stock exchanges often reflects the reality of public companies. Especially when the stock is traded on the well-known markets, like New York, Tokyo and London, where quite strict rules prevent reckless speculation. If the shares on such exchanges are growing for a long time, it means that problems at public companies potentially a bit. Conversely if the shares are in a “bear” (falling) Long trend is likely to cause the company go from bad to worse.

However, we must remember that the exchange created primarily to sell-buy securities and help out on this as much as possible the delta. Therefore often have rumors passed from one broker to another through “word of mouth” radio, which at times is to create a limited number of investors favorable conditions for the purchase or sale of shares of a particular issuer. These rumors may be based both on good information, and the false. Investors who do not have access to insider information, have to decide for themselves, to believe or not these rumors, to respond to them or not. The entire weight of errors are often full of holes of their own pocket.

NTN

Photos: NTN

  In the photo: the heads NTN Corporation

 According to the Exchange hearing, stocks performed NTN has caused one of the shareholder anger, and he was forced against the company, management is not able to stop the decline of shareholder value by almost half

According to the Exchange for the rumor that spread in early September against the management of the company bearing NTN Corporation (Headquarters Osaka, Japan) was filed by certain Japanese bank owns stakes in this major manufacturer of bearings. Presumably it could be a credit institution, a member of Mitsubishi UFJ Financial Group and Nomura.

The reasons for bankers to sue, is unknown, but it may become heavily undervalued stock NTN on the Tokyo Stock Exchange (6472: TYO). Over the last 12 calendar months NTN share price has fallen by almost half. At the same time, the share price of the main competitor – NSK LTD. (6471: TYO), – in spite of the negative state of the Japanese economy and spins a new round of global economic crisis, fell just less than 10%. Such a striking difference in the dynamics of the value of securities, it may have caused the natural resentment of the shareholder. Apparently, not getting a clear answer from the managers of the issuing company, he decided to file a claim for undue suppression drop in shareholder value.

The presence of banks as shareholders – a necessary measure for NTN, as banks, shareholders can attract relatively favorable financing, although not very good financial results. Thus, in a large-scale modernization of the French branch of NTN-SNR Roulements and large bearing plants in Japan, this began in the crisis year 2009, using the money from at least one Japanese bank.

If the rumor is true, then NTN under pressure from shareholders can begin more aggressive action on the world market, especially in developing countries *, in particular in the BRIC countries. For the Russian bearing market, this means that, perhaps, some time on the shelves of merchants will be more products under the brand names owned by NTN Corporation. **

* The company’s management has repeatedly declared to shareholders of the benefits of priority development in emerging markets.** NTN Corporation, for example, owns brands such as NTN, SNR, Bower, BCA.

Certificate

NTN Corporation – a major global manufacturer of bearings, with headquarters in Osaka (Japan). Sales in the year 2011 amounted to 543.5 billion yen. In the 1st quarter of the year 2012 sales of 138.9 billion yen in net loss of 838 million yen. Total liabilities as at 30 June 2012 amounts to 507.2 billion yen.

Shares are listed on the Tokyo Stock Exchange (6472: TYO). Among the largest shareholders of the company: The Master Trust Bank of Japan, Ltd; Japan Trustee Services Bank, Ltd; The Bank of Tokyo-Mitsubishi UFJ, Ltd; Mitsubishi UFJ Trust and Banking Corporation.

source: prompk

0 commentsback to post

banner

Add your comment

Nickname:
E-mail:
Website:
Comment:

*

Other articlesgo to homepage

ZKL launched Cylindrical Roller bearing PLC_412-63

ZKL launched Cylindrical Roller bearing PLC_412-63(0)

Employees of ZKL successfully finished development and production of a large dimensional cylindrical roller bearing PLC_412-63 for important foreign customer. For a better imagine, here are the basic parameters: Outer diameter: 900 mm Height: 210 mm Weight: 612 kg Finishing operations turning and grinding of components were made on modern machines, which were obtained with

Roller bearings for the High Roller

Roller bearings for the High Roller(0)

The American Bridge Company has contracted SKF to supply technological solutions for the Las Vegas High Roller, soon to be the world’s tallest Ferris wheel. SKF is providing Caesars Entertainment Corporation’s 170-metre-tall Ferris wheel with two custom-designed spherical roller bearings along with related technologies. The two spherical roller bearings weigh approximately 8.8 tonnes each, with

NTN Bearing Corporation Celebrates 50 Years in America

NTN Bearing Corporation Celebrates 50 Years in America(0)

Mt Prospect, IL, March 14, 2013 – NTN Bearing Corporation of America is proud to reflect back on its fifty years of success in the United States, providing world-class products to a wide variety of industries. Incorporated on this day in 1963 by Shungi Iishino and “Lucky” Itoh, the Japanese-based company opened its first corporate

Schaeffler replaces main Trunnion Bearings on BOS Plant Vessels at Tata Steel Port Talbot

Schaeffler replaces main Trunnion Bearings on BOS Plant Vessels at Tata Steel Port Talbot(0)

Schaeffler UK was part of the team that successfully completed the replacement of the main trunnion bearings on a BOS (Basic Oxygen Steelmaking) plant at Tata Steel Port Talbot. By replacing the drive-side trunnion bearings with split rolling bearings, Schaeffler also helped to save the customer five extra days of work. If solid rather than

New Hampshire Ball Bearings Introduces Self-Lubricating Liner Technology

New Hampshire Ball Bearings Introduces Self-Lubricating Liner Technology(0)

New Hampshire Ball Bearings (Booth No. N3304) has taken advantage of the opportunity at Heli-Expo ’13 to introduce its Oscimax self-lubricating liner technology to show attendees. The product, according to the company, increases the performance of complex bearing systems and assemblies such as those found in helicopters. The product is a homogenous formulation made up

read more

Contacts and information

Social networks

Most popular categories

Legal Notice

© 2012 BEARING NEWS All rights reserved.