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NWR Interactive => TalkBack => Topic started by: mef on October 24, 2007, 12:29:54 PM

Title: Nintendo Shares Rise (Again)
Post by: mef on October 24, 2007, 12:29:54 PM
The money printing continues for Japan's hottest company.
 http://www.nintendoworldreport.com/newsArt.cfm?artid=14665

 Nintendo's stock on the Osaka Securities Exchange shot up a staggering 7.8 percent today on the expectation that Nintendo could raise its profit forecasts Thursday.  The continued global sales dominance of Wii and DS consoles is credited with pushing the stock to its current high of 68,800 yen (roughly $74.90).  To put this in perspective, at the launch of the DS Lite in Japan just 20 months ago, Nintendo's stock was worth around $18 a share.  Today's gain was the biggest single-day increase for the Kyoto-based company since July 26, 2007.  As previously reported here on NWR, Nintendo is now the second most valuable company in Japan behind Toyota.    


"An upward revision of full-year earnings targets is likely,'' suggests Hiroshi Kamide, analyst at KBC Securities Japan. "It's natural that expectations are high ahead of the year-end shopping season.''  Kamide gives the stock a "buy" rating.    


According to analyst estimates compiled by Bloomberg, net income could exceed the company's current forecast by as much as 12 percent, with sales exceeding average estimates by 5.8 percent.  We'll find out the exact numbers Thursday when Nintendo reports their year-to-date earnings.

Title: RE: Nintendo Shares Rise (Again)
Post by: that Baby guy on October 24, 2007, 12:50:41 PM
It doesn't really count if over the past few days, it went from almost 76 down to 70, does it?

Anyways, any math genius want to tell me the average annual interest if I bought this stuff @ 22.50 partway through last May?
Title: RE: Nintendo Shares Rise (Again)
Post by: Shecky on October 24, 2007, 03:09:53 PM
I put pretend money in when it was $20 ....  That and the international aspect keeps deterring me from investing any money in the company.

Although, it seems overvalued to me now....  although I said that about google before too and they keep proving me wrong.

Title: RE:Nintendo Shares Rise (Again)
Post by: Atma on October 24, 2007, 04:23:02 PM
Quote
pushing the stock to its current high of 68,800 yen (roughly $74.90)

a quick xe visit puts 68,800 yen at roughly $603 USD. I wonder how they managed to get $75?
Title: RE: Nintendo Shares Rise (Again)
Post by: ThePerm on October 24, 2007, 05:17:34 PM
does this make them number 1 Japaneses company yet? They're still the number one Nintendo fans company.
Title: RE: Nintendo Shares Rise (Again)
Post by: that Baby guy on October 25, 2007, 07:07:31 AM
Whoever checked it looked at the ADR for Nintendo, which allows us Americans to buy "almost" Nintendo stock.
Title: RE: Nintendo Shares Rise (Again)
Post by: pSYCO-gAMER321 on October 26, 2007, 05:03:11 AM
It prints money... there, I said it.
Title: RE:Nintendo Shares Rise (Again)
Post by: Kairon on October 26, 2007, 06:10:21 AM
Quote
Originally posted by: thatguy
Whoever checked it looked at the ADR for Nintendo, which allows us Americans to buy "almost" Nintendo stock.


How exactly does that work?
Title: RE: Nintendo Shares Rise (Again)
Post by: that Baby guy on October 26, 2007, 06:14:12 AM
I can't remember it all.  Something like "U.S. Citizens aren't allowed to purchase foreign stocks, so some trading company bought a bunch of Nintendo, and you can buy shares of their shares, or something.  Basically, Nintendo's NTDOY.PK is a separate stock and moves independent of the Japanese counterpart, but the movement between the two should be somewhat similar, for lots of brokerish reasons I can't recall.
Title: RE: Nintendo Shares Rise (Again)
Post by: vudu on October 26, 2007, 07:20:15 AM
IIRC, a (domestic) company purchases another (foreign) company's stock and then sells their own stock on a US market.  Since their only asset is the the foreign company's stock, their stock price is determined by movements in the foreign stock.  That's an overly simplified explanation, but it gets the point across.