ASIA ASSET FINANCE PLC (AAF.N0000)

Top Trader · 76 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Jul 18, 2014 1:03 pm

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Can anyone post the summary what mentioned in the article. Thanks

dilshan unawatuna · 77 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Tue Jul 22, 2014 10:52 am

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can anybody explain the situation behind AAF ????

Santa · 78 Asia Asset Finance Thu Aug 07, 2014 1:26 pm

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Seem to have broken the trend. Maybe we can see something.

sureshot · 79 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 1:55 pm

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yes yes may be a news paper articale be there soon .......

AAF can hit 2.50 +

Aubrey Perera · 80 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:17 pm

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1 million at 1.80. rally started .

SHARK aka TAH · 81 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:19 pm

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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

Top Trader · 82 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:22 pm

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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

Aubrey Perera · 83 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:26 pm

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

Top Trader · 84 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:39 pm

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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.

Aubrey Perera · 85 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:42 pm

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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

Aubrey Perera · 86 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:46 pm

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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

Top Trader · 87 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:51 pm

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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!!!

Aubrey Perera · 88 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:55 pm

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

Aubrey Perera · 89 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 4:06 pm

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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

stevenapple · 90 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 4:17 pm

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Interesting thanks all.

Aubrey Perera · 91 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 4:22 pm

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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

haran5555 · 92 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 4:39 pm

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it can go till 2.30

Aubrey Perera · 93 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 11:42 am

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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.

Santa · 94 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 11:48 am

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

Aubrey Perera · 95 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 11:54 am

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If Not Hiluck Smile

dilshan unawatuna · 96 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 2:44 pm

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

stevenapple · 97 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 3:04 pm

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

Good luck

stevenapple · 98 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 3:05 pm

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Aubrey Perera wrote:If Not Hiluck

Aubrey Perera · 99 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 8:43 pm

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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

stevenapple · **100** Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 8:55 pm

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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

Million

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

Top Trader · **101** Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 11:00 pm

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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

dilshan unawatuna · **102** Re: ASIA ASSET FINANCE PLC (AAF.N0000) Sat Aug 09, 2014 12:33 am

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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.

Aubrey Perera · **103** Re: ASIA ASSET FINANCE PLC (AAF.N0000) Mon Aug 11, 2014 2:58 pm

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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.

haran5555 · **104** Re: ASIA ASSET FINANCE PLC (AAF.N0000) Mon Aug 11, 2014 4:05 pm

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

Aubrey Perera · **105** Re: ASIA ASSET FINANCE PLC (AAF.N0000) Mon Aug 11, 2014 4:34 pm

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Great haran . GL

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ASIA ASSET FINANCE PLC (AAF.N0000)

76 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Jul 18, 2014 1:03 pm

Top Trader

77 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Tue Jul 22, 2014 10:52 am

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78 Asia Asset Finance Thu Aug 07, 2014 1:26 pm

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79 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 1:55 pm

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80 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:17 pm

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81 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:19 pm

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82 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:22 pm

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84 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:39 pm

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86 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Thu Aug 07, 2014 2:46 pm

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98 Re: ASIA ASSET FINANCE PLC (AAF.N0000) Fri Aug 08, 2014 3:05 pm

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