Basically, it’s a similar situation with Douyu. They paid out a significant special dividend—around 100%—at the end of August. If you’re interested in further dividends, you’ll need to keep an eye on how much cash they still have offshore. However, they do have some management issues with the government, which is worth considering. That said, Tencent is a major shareholder, so that adds another layer to the equation.
Initially, I was afraid that Tencent might make a lowball offer and take them private, but now that they’re distributing all the cash, I think this risk is off the table.
How much did Tencent pay and what are approximate valuation metrics?
and what do you think about Douyu?
Tencent paid around 5.7$ per share when they bought 16% from Joyy. That was before any dividend distribution.
do you have any opinion on Douyu and its shares?
Basically, it’s a similar situation with Douyu. They paid out a significant special dividend—around 100%—at the end of August. If you’re interested in further dividends, you’ll need to keep an eye on how much cash they still have offshore. However, they do have some management issues with the government, which is worth considering. That said, Tencent is a major shareholder, so that adds another layer to the equation.
LV j
Initially, I was afraid that Tencent might make a lowball offer and take them private, but now that they’re distributing all the cash, I think this risk is off the table.