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

ASIA ASSET FINANCE PLC (AAF.N0000)

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51ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 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 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Tue Aug 12, 2014 1:12 pm

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 3 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 3 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 3 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/=

56ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Tue Aug 12, 2014 2:02 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Yes Top Trader . Your correct. price I feel conservative figure and reported in Ceylon Today is Rs.2 if you go by book value over Rs.2.50.

57ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Tue Aug 12, 2014 2:13 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Aubery Perera, there are other issues we need to look here as well, what is their intention or what % they wanted, if they wanted just 51% then, the price will be lower, if they wanted more than 75% then it will be different price they need to offer, also need to see the implications of the minimum float.

Whether after taking over the control, whether they want to buy more companies through this?

58ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Wed Aug 13, 2014 11:14 am

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Yes top trader . You're correct. I have a strong feeling of upside though irrespective of outcome. GL

59ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Wed Aug 13, 2014 11:45 am

dilshan unawatuna

dilshan unawatuna
Manager - Equity Analytics
Manager - Equity Analytics

Someone is deliberately controlling the share price,,,

60ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Wed Aug 13, 2014 12:15 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Spot on Dilshan. controlling and collecting at low range .

61ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Wed Aug 13, 2014 11:37 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

AP check the crossing of CFL at 10.53, AAF will be the seller, so gain of 12 to 15 million

62ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 14, 2014 11:49 am

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Top trader Richard peiris securities buyer of CFL seller AAF ? this is good news for AAF if so. also heavy buying continuously at 1.70. Are you sure Yop trader. Thanks for the tip. I'm anyway bullish about AAF. GL

63ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 14, 2014 11:55 am

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Your correct about AAF selling. AAF capital gain 12 to 15 million ? great .

64ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 15, 2014 10:20 am

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Hi top trader and all AAF fans anyone of you looking at the order book at the moment ? selling orders decreased. GL

65ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 15, 2014 1:47 pm

dilshan unawatuna

dilshan unawatuna
Manager - Equity Analytics
Manager - Equity Analytics

Aubrey Perera wrote:Hi top trader and all AAF fans anyone of you looking at the order book at the moment ? selling orders decreased. GL
yep,,hope this will move up soon,,,2.50 is good,

66ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 15, 2014 2:04 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Hi AP

Am not a fan of any shares, i hold some AAF, if i got my target, i will sell and come out.

67ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 15, 2014 2:08 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Great !!!!

68ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 15, 2014 6:45 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

http://www.cse.lk/cmt/upload_report_file/1108_1408105150.pdf. - I have considerable amount of shares in my PF, not considerable to became top 20 though

69ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 15, 2014 9:14 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Am expecting 100% return over next three years, if it hit before that, I ll sell at that time, my expectation is based on the following factors.

But a kind request to all members, don't follow my style and burn your hands, do your own studies and if you are satisfied with the ur study invest, if not please stay away

Different papers and brokers and some websites predict that the deal will go through at 2 or above, but my strong feeling is that it will be at 1.60, I might be totally wrong and will be happy if am wrong.

Clearly go through the balance sheet, you can identify certain things, anyway I wanted to get to know what is the investment property they have, if anybody has the knowledge please share it, otherwise will wait till Annual report to out

They made one off capital gain last week, which will not be repeated again though

With the rights issue they will get the free cost working capital, so they can go for quality lending at the competitive rates, am sure the rights issue will be success, either new investor or the Asia capital will take their rights.

If a strong owner comes, then banks will offer them better rates, compared to the present rates, they are almost debt free as of now, also if the good investor come in, I feel they will get some credit lines as well.

So am positive about it, but please do your own studies and invest, don't lose ur hard earn money.

Expecting the comments from other members.

70ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 15, 2014 11:53 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Thanks TT.
Can you share some information you have already gathered, so some of the members can short circuit the whole scenario Very Happy

This will save some with their time too Very Happy

Looking forward to contribution from others as well.

I am thinking 1.50 would be an initial SUPPORT for this Very Happy

What do you say....
SHARK

71ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Sat Aug 16, 2014 12:24 am

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Shark,

Will do it during the course of the day, while I wanted each members to do their own study, because it's their hard earn money, at any circumstances I don't want them losing the money, because of my thinking or opinion, am not on credit and am invest the amount, where I can absorb the loss or I can hold it for a long period.

72ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Sat Aug 16, 2014 12:26 am

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

AP

Any identification from the financial, since ur holding enough for to be in the top twenty

73ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Sat Aug 16, 2014 4:43 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

See the amount parked in the treasury bill, also considerable increase in the lending and deposits

74ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Sun Aug 17, 2014 7:28 pm

eroshans

eroshans
Equity Analytic
Equity Analytic

Top Trader wrote:Shark,

Will do it during the course of the day, while I wanted each members to do their own study, because it's their hard earn money, at any circumstances I don't want them losing the money, because of my thinking or opinion, am not on credit and am invest the amount, where I can absorb the loss or I can hold it for a long period.

Dear top members..
plz give some clues to do own study / home work on shares...
thanks

75ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Sun Aug 17, 2014 8:06 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

They have around 450 Mn in Borrowings, i feel they will settle the part with the sales of CFL shares, also they ll get some free cost of capital from the rights issue, so the borrowing will become zero effectively.

Then Investment in TB, i feel they will go for the lending with this amount, at least part of it.

Investment Property 101 Million, trying to get the detail of it, but unable to get it, might be the properties taken over because of default or or acquired with the intention of generating the rent income in the future, need to get more details about this.

Then they disposed all the vehicle stock, its a good sign, so that the working capital blocked on this will be utilize for the core activities.

Do your own studies more and more.

For the Q/E 30.09, they will report around 25 Mn Profit, including the capital gain, i assumed the CG will be around 12 Million.

76ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Sun Aug 17, 2014 11:22 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Seems nobody interested in this share, so I decided not too take much more, since it might be viewed as promotions by others.

Thanks

77ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Mon Aug 18, 2014 2:03 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Hi TT great work. Keep it up. Not much to share with regard to financials other than the some of the points you have given. the share looks definitely good for long term trading. that's why I bought so much. and if what's been spoken of in market circles is true this will be good for short term play as well. GL

78ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Mon Aug 25, 2014 1:45 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

AP seems my target is right,

79ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Mon Aug 25, 2014 3:14 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

huge quantity traded today. 1.60 -1.80 range. wonder if indian company will now subscribe to all the rights?

80ASIA ASSET FINANCE PLC (AAF.N0000) - Page 3 Empty Re: ASIA ASSET FINANCE PLC (AAF.N0000) Mon Aug 25, 2014 3:52 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Yes, I feel they will subscribe for the rights as well, then mostly ll go for the mandatory offer at 1.60

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