SoftBank Group Corp. (9984.T) CEO Doubles His Pay
The CEO of SoftBank Group’s Vision Fund, Rajeev Misra, more than doubled his pay for the year ended March, despite the investment fund having lost $17 billion over the period.
Misra, who is also a member of SoftBank’s board, will receive 1.6 billion yen ($14.9 million) in pay and benefits, the japanese technology group said in a notice to shareholders on Friday. that’s over double the 752 million yen he received the previous year.
The decision to grant Misra a large pay raise will likely stir controversy at the company’s shareholders meeting on June 25. This year, SoftBank is asking shareholders to participate via livestreaming, instead of coming to a venue, to stop the spread of COVID-19.
Misra was tapped by Masayoshi Son, SoftBank’s chairman and CEO, 3 years ago to head the nearly $100 billion Vision Fund, which Son had positioned as the group’s new core business. however its portfolio has been hit hard by the coronavirus pandemic, causing its internal rate of return, a key measure of performance, to swing to minus 1%, even after including a 7% bond-like payment that outside investors receive as a part of their commitment to the fund.
Misra additionally held 4.7 million SoftBank shares, according to the notice. The Vision Fund had 474 staff, up from 297 a year ago.
The compensation makes Misra the second highest-paid SoftBank board member after Marcelo Claure, former chairman of U.S. telecom company Sprint, who is currently executive chairman of WeWork, the U.S. coworking office space company that SoftBank has a stake in. Claure can receive 2.1 billion yen, up from 1.8 billion a year ago.
Son will receive 209 million yen, down slightly from a year ago.
In total, SoftBank listed six board members with pay over 100 million yen, who will receive a total of 6.4 billion yen. That was down from seven members for the previous year, who received 9.3 billion yen, with Simon Segars, CEO of U.K. chip designer Arim, excluded from this year’s list.
The figure includes salaries bonuses and stock compensation.
Price Performance
Relative Valuation
Technical Indicators
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 4,434.14.
The projected upper bound is: 5,460.22.
The projected lower bound is: 4,246.50.
The projected closing price is: 4,853.36.
Candlesticks
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 25 white candles and 25 black candles.
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
Momentum Indicators
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 80.6542. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 20 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 60.50. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 45 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 139.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 5 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 2 period(s) ago.
Rex Takasugi – TD Profile
SOFTBANK GROUP closed up 5.000 at 4,832.000. Volume was 24% below average (neutral) and Bollinger Bands were 69% narrower than normal.
Open High Low Close Volume 4,820.000 4,888.000 4,803.000 4,832.000 21,512,900
Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 4,654.60 4,271.06 4,537.96 Volatility: 38 109 69 Volume: 26,109,720 35,099,740 20,635,718
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
SOFTBANK GROUP is currently 6.5% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future.
Our volume indicators reflect moderate flows of volume into 9984.T (mildly bullish). Our trend forecasting oscillators are currently bullish on 9984.T and have had this outlook for the last 0 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.
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