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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » ASIA ASSET FINANCE PLC (AAF.N0000)

ASIA ASSET FINANCE PLC (AAF.N0000)

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26ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:22 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

SHARK wrote:This is going for RIGHT issue @ 1.60 or something.....

I prefer to wait on this 1.80 to pay is bit too heavy..


Good around 1.50 levels

Yes two one share for every two shares held, it will be interested to know who will be the new buyers, as per the paper article, its an indian finance company

27ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:26 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

wonder if the new buyer will buy rights or wait till it's over ?

28ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:39 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

AP an not sure how the new buyer will get in to in, i feel it will be on this way.

They might buy an agreed % from ACAP at 1.60/= and and ACAP might help the new buyer to get 51% stake through the rights, by gave up its rights, then new buyer might go for the mandatory offer.

Alternatively ACAP might get the full rights and might sell 51% or more to the new buyer, but by looking at the ACAP financial and the news about the Sale of Asia Securities as well, i don't think they will pump this much money.

I feel the transaction will take place at 1.60/- only, even though papers and some websites mentioned around 2/= because of the right issue price.

The good thing about this ownership change is that, because of the right issue the company also will get some free cost capital, so that they can go for good corporate lending at less rates.

29ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:42 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

There is a NDA going with a foreign company involved. Interesting to note when rights issue dates are? also how the foreign company if they are interested in taking over will buy (before right or after rights). one thing is for sure if they want the right to be subscribed and look attractive they will surely have to push this to beyond Rs.2 . GL

30ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:46 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Yes that's what I feel. the price will be pushed beyond Rs. 2 for sure. if not the the rights issue will not look attractive . also it will give the directors a chance to exit some of their holding at a higher price as well. next few days i have a feeling this will be pushed up looking at how counters such as CIFL and SFS etc performed today irrespective of pending rights issue dates .GL

31ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:51 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Aubrey Perera wrote:There is a NDA going with a foreign company involved. Interesting to note when rights issue dates are? also how the foreign company if they are interested in taking over will buy (before right or after rights). one thing is for sure if they want the right to be subscribed and look attractive they will surely have to push this to beyond Rs.2 . GL

Right issue will be successful, because if ACAP & NDA foreign Company failed to apply for the Rights and if some one applied additional shares, then ACAP will be in trouble, so will wait and see!!!

32ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:55 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Yes !! agreed !!! lets watch some games maybe.

33ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 4:06 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Hi Top trader,

A associate of mine told me that the deal with Indian company is over Rs.2 or for over Rs. 1 billion. But not sure if the deal is before or after rights. I feel this rate is good to enter especially if selling price is over Rs.2. we need to keep in mind AAF PE is around 11 and NAPS 1.35 if you look at deals that have taken place so far at 2 x naps this should be sold at approx Rs.2.70. GL

34ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 4:17 pm

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Interesting thanks all.

35ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 4:22 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Also note that SFS pe around 7 but NAPS is 0.9 trading currently at 2.80 :0 and CIFL no financials , virtually a dud company trading at 2.60. Based on these AAF seems way far the better option . GL

36ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 4:39 pm

haran5555


Stock Analytic
Stock Analytic

it can go till 2.30

37ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 11:42 am

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

I bought 400,000 shares of AAF @ 1.80 wish me luck Smile I might buy over a million. I have a feeling final sell out price will be definitely over Rs. 2. GL.

38ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 11:48 am

Santa

Santa
Manager - Equity Analytics
Manager - Equity Analytics

Maybe if the deal is over 2 or even 2.50 you are in luck.

39ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 11:54 am

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

If Not Hiluck Smile

40ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 2:44 pm

dilshan unawatuna

dilshan unawatuna
Manager - Equity Analytics
Manager - Equity Analytics

struggling to move up,,,5mn bulk of qty is there,,,

41ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 3:04 pm

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Aubrey Perera wrote:I bought 400,000 shares of AAF @ 1.80 wish me luck Smile I might buy over a million. I have a feeling final sell out price will be definitely over Rs. 2. GL.

Good luck

42ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 3:05 pm

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Aubrey Perera wrote:If Not Hiluck Smile  

Very Happy

43ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 8:43 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

bought more at 1.80 and balance at 1.70. Currently I hold more than a million. hoping for the best. Yes Dilshan it might be someone trying to keep the share low that's why bulk at 1.90. next week will be make or break. GL. My inner feeling tells me this will be pushed to above Rs.2 I might be wrong . I made a killing on TFIL and hope for the same with AAF. I might be wrong. I will need luck as well stevo apple Wink

44ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 8:55 pm

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Aubrey Perera wrote:bought more at 1.80 and balance at 1.70. Currently I hold more than a million. hoping for the best. Yes Dilshan it might be someone trying to keep the share low that's why bulk at 1.90. next week will be make or break. GL. My inner feeling tells me this will be pushed to above Rs.2 I might be wrong . I made a killing on TFIL and hope for the same with AAF. I might be wrong. I will need luck as well stevo apple Wink

Million  Question  Aubrey you need a loads of luck.
I just wished for you.
 cheers 

45ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 11:00 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

AP

If the deal worth, and if you can hold for long time, then don't buy all now, if I were u, now I will wait till rights and buy that 1.60/=. Since cost will be low and no charges,

Kindly note that I ll do only if I get to know about the buyer

46ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Sat Aug 09, 2014 12:33 am

dilshan unawatuna

dilshan unawatuna
Manager - Equity Analytics
Manager - Equity Analytics

anyway price is ok to enter,,,1.60 - 1.80 range,,,,,,i also have the same expectation that this will move up to 2.30 range easily...happy trading.

47ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Mon Aug 11, 2014 2:58 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

I have over 1 million average 1.84 . I will subscribe for rights as well. and sell over 2. some say deal at 2.70 ..some are saying 2.30. GL. Unclear if rights will be after or before sell out. either way I'm very bullish on this counter.

48ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Mon Aug 11, 2014 4:05 pm

haran5555


Stock Analytic
Stock Analytic

Aubrey.. be happy. we will be winning on this.. I hv 50K collected 1.70-1.80... have to be patient...

49ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Mon Aug 11, 2014 4:34 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Great haran . GL

50ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Mon Aug 11, 2014 9:00 pm

dilshan unawatuna

dilshan unawatuna
Manager - Equity Analytics
Manager - Equity Analytics

Im in, hope this will reach 2.50.

51ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Tue Aug 12, 2014 12:58 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Dishan If you are correct I can make more than 500k in profit Smile GL

52ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Tue Aug 12, 2014 1:12 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

what about the right issue.... it should have had a run before the right issue right ?

so my hunch is that it could pinpong around 1.50-1.40 i have not looked at the chart.... but my opinion  Basketball 

53ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Tue Aug 12, 2014 1:49 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I feel transaction will take place before right issue and it will be on the Right Issue Price only.

I might be completely wrong, because some friends here predict the transaction above 2/=

54ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Tue Aug 12, 2014 1:51 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Rights issue dates are not announced. two scenarios to look at. Indian company buys majority stake from AAF for Rs.2 +++ before rights and subscribes majority rights. In this scenario share price will appreciate pre rights and then when rights come to the market it will adjust accordingly. Second scenario Indian Company buys stake for Rs.2+++ after rights have been subscribed by AAF. In the either case an appreciation will take place. GL

55ASIA ASSET FINANCE PLC (AAF.N0000) - Page 2 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Tue Aug 12, 2014 1:54 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Aubrey Perera wrote:Rights issue dates are not announced. two scenarios to look at. Indian company buys majority stake from AAF for Rs.2 +++ before rights and subscribes majority rights. In this scenario share price will appreciate pre rights and then when rights come to the market it will adjust accordingly. Second scenario Indian Company buys stake for Rs.2+++ after rights have been subscribed by AAF. In the either case an appreciation will take place. GL

Yes one out of two options had to take place.

My guess is they will buy below 30% from ACAP, then will apply for the rights issue to get the control and then make the mandatory offer.

Interesting question will be at what price the transaction to be take place, since right is priced at 1.60/=

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