>>80275406>>80350846Straddle Wrangle anon here, it's Wednesday, July 10th in the land of the rising sun. The market has now closed for the day.
ANYCOLOR SENT BACK DOWN
Anycolor stocks failed to recover from their lunch break prices, as the stock closed out at a staggering 2452 yen (-82) for today. They now are looking at a 89 yen loss overall this week, with today being the lowest they have been since the buyback. Beating out their record on July 4th (2453) by a single yen.
If we desperately lower our standards for good news, it could've been worse for them. As the stock even hit the funny number today during market hours
>>80352923. On another note, with the price now lowered maybe some buy the dip? Though that's assuming people have hope in the stock.
Anycolor furthermore has released another IR, announcing the retiring of almost 3.5 million in stocks that were held by the company, equivalent to all of their treasury shares they held as of July 3rd (the day the buyback was completed.) This just means there's less shares available in the market overall. Although why they did this, my amateur understanding of the market can't comprehend.
If you wish to read the IR yourself, here you go:
https://ssl4.eir-parts.net/doc/5032/ir_material1/233121/00.pdfDays until the Anycolor Shareholder's Meeting: 20
COVER GOES DOWN WITH THE YACHT
Anycolor enjoys some company however, as Cover continued to crater after lunch as they close out a devastating 1878 yen (-85) to close out the day. They're dealing with a even worse week as the stock is look at a terrifying 150 yen loss so far. With theses losses, I've had a theory that perhaps with the buyback propping Anycolor, it inadvertently propped up Cover as well if investors were double dipping.
OTHER
The NIKKEI closes out a 0.61% today, Anycolor and Cover don't have the market having a rough day to blame for their performances.
Here are today's trading volumes
Anycolor: 948k
Cover: 4.73 Million
Anycolor thread has been mixed about the IR that has released overall.
The news of the bilibili collab has reached the Cover board as well, with some speculating the potential ramifications.
