This is part 1 of 3 part series on detailed analysis of Opera’s minority investments to show how undervalued these stakes are on Opera’s books and how market is not realizing the significant upsides these minority stake offer to Opera’s ADS. Introduction
what do you think of the sale of stake in Starmaker? And at the sale price?
Overall, Starmaker is valued at apparently around 400 million. You had estimated a significantly higher value (4.5-9 billion). I personally think you were way too optimistic here (as with Nanobank), but even by my guess Starmaker should be worth a lot more right now. About 1.2-1.5 billion.
Also that the buyer is Kunlun Tech shows again that Zhou Yahui practices nepotism here and is not interested in increasing shareholder value for investors. Are you still comfortable with your investment? An exit may also be imminent at Opay (again at a too low price).
What else do you think Opera plans to do with all that cash? Do you think there is a major project coming up? If you add the approx. 130 million from the sale of Nanobank and the 85 million from the sale of Starmaker to the 180 million in cash at the moment, you are at around 400 million. Opera is currently only worth 600 million. On paper, this is starting to look like a really good deal. Especially if my thesis proves true and we go a whole lot deeper in the overall market in the coming weeks.
Besides Yahui, the old rat, has to convert Opera into a private company before, so that the shareholders get nothing.
Hey Bryce,
what do you think of the sale of stake in Starmaker? And at the sale price?
Overall, Starmaker is valued at apparently around 400 million. You had estimated a significantly higher value (4.5-9 billion). I personally think you were way too optimistic here (as with Nanobank), but even by my guess Starmaker should be worth a lot more right now. About 1.2-1.5 billion.
Also that the buyer is Kunlun Tech shows again that Zhou Yahui practices nepotism here and is not interested in increasing shareholder value for investors. Are you still comfortable with your investment? An exit may also be imminent at Opay (again at a too low price).
What else do you think Opera plans to do with all that cash? Do you think there is a major project coming up? If you add the approx. 130 million from the sale of Nanobank and the 85 million from the sale of Starmaker to the 180 million in cash at the moment, you are at around 400 million. Opera is currently only worth 600 million. On paper, this is starting to look like a really good deal. Especially if my thesis proves true and we go a whole lot deeper in the overall market in the coming weeks.
Besides Yahui, the old rat, has to convert Opera into a private company before, so that the shareholders get nothing.