Ubisoft: Tencent Sale Resolves Pesky Covenant Issue [Seeking Alpha]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
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Source: Seeking Alpha
But it exacerbates the corporate governance issues that may to some extent explain the discount on the stock. While the sale to Tencent of a minority ownership in important franchises fixed a covenant break following significant restatements, markets aren't that crazy about the disclosure quality either, most likely. There are issues. Then there is also a pipeline problem. While AC: Shadows wasn't the hit we expected, it will challenge the H2 with a stronger comp. BalkansCat/iStock Editorial via Getty Images Ubisoft ( OTCPK:UBSFY OTCPK:UBSFF ) actually has a concrete deal with Tencent ( OTCPK:TCEHY ) that will help them deleverage and deal with debt whose covenants were actually breached, it would seem, by the fact that More on my IG service If you thought our angle on this company was interesting, you may want to check out our idea room, The Value Lab . We focus on long-only value ideas of interest to us, where we try to find international mispriced equities and target a
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