/vt/ - Virtual Youtubers

>>75852572
Because that's their value. Actually, it's still terribly overvalued.
Cover when sold their own shares to buy the studio, they valued it at
>750 yen
Even at 1500 yen it's terribly overpriced

>>74799978
>too bad cover's actual entry point was 1750
WHile that's absolutely true the price Cover sold their stocks was 750 meaning anything over that was investors selling to each other for an overvalued price.
As anon mentioned above, investors are swindling each other with zero impact, influence or relevance one way or another for Cover.

For the record that should be the same for Anycolor too except they did a retarded MASSIVE buyback of their stocks on 3000-3200 yen (of the size of the Cover investment in their 3D studio) and, yeah, now they're bag holders as well

>>74595244
>You're right that most of the decline is based on just general Japanese stock market trends
I did not say that at all. Both Anycolor and Cover were overvalued beyond any reasonability and the current drop is the investor world finally realizing they massively overpriced it.
Take Cover stocks: Cover sold their 1.4% to build the studio for
>750 yen per share
where the fuck the IPO day 1400 came from? The 3000 peak?
>In terms of YTD (...) which is what this discussion is centered around
which is where YOUR discussion is centered around. I'm making a much more encompassing point which is
>the market incorrectly assumed the 2020-2022 levels of growth in the streaming market would continue
>reality proved them wrong
>the stock is readjusting to the newfound reality

>>74495717
>not him, but what's your assessment on the actual value?
I mentioned this before: there is NO REASON WHATSOEVER Cover stock balooned from the IPO asking price (which was 750, see link below) into the opening price which was 1300. That alone was already a massive overvaluation. Then having it, in the span of TWO MONTHS (!) balloon all the way up to 3000? That's crazy talk, IMO the stock shouldn't be anywhere close to even the initial 1400.

Nothing changed for Cover between 2023 and 2024, they didn't increase "inventory" significantly, they didn't open any new market or broke any new ground. What could possibly justify the stocks going from the initial price of 750 into 1500?
https://www.marketscreener.com/quote/stock/COVER-CORPORATION-151385540/news/COVER-Corporation-has-completed-an-IPO-in-the-amount-of-9-32055-billion-43355392/