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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by albertlaw > 2013-11-06 18:26 | Report Abuse
Eden Advisors Contrarian and value investors focusing on high alpha undervalued stocks Sunday, October 20, 2013 Asiasons Capital - does fortune favors the bold? Interestingly, this 3 stocks have experienced strong upside momentum over the last few months with blumont gaining the most on an y-o-y basis. Personally, I have met with the owners of Asiasons before, seen them in person and watched them query private businesses in a 'pitch to the star investors moment'. They are by no means small unknown people, with a wide range of connections, I have been eyeing Asiasons since I met them at techventure 2012 and I found this quite an interesting window of opportunity. Note the interesting following: - The management are real, the people are smart and they own a total of 53% stake in the company. - Private equity and fund management skills are hard to come by, this people have strong credibility and connections, especially in Azlan who is a former Bursa regulator and he sits on the board of M+S (the temasek-khazanah collaboration). - Asiasons has one of the best run PE funds in the region with an end-to-end operations technique that includes marketing, advertising and website design that enhances value of their investment holdings. Risk - Share price have lost nearly 96% of its value from its top of 2.91, no one can quantify the bottom. (Currently at 0.128) - Share placements, deal-making and other value accretive acquisitions have been put on halt due to fall in share prices - Stakes in Liongold and connections to blumont and stuff continue to puzzle investors, notwithstanding a fraud collapse. And the last thing investors want is ambiguity which provides more reason for downside (see link - http://www.thestar.com.my/Business/Business-News/2013/10/19/Business-as-usual-board-to-focus-on-repairing-damaged-reputation-Asiasons-is-picking-up-the-pieces.aspx) Conclusion - The downside is kinda curtailed with 96% capital wiped, the company Net Tangible Value stands at 0.18, which remains quite a reasonable price on a liquidation basis (upside of 40%). Also, with not many private equity businesses in the region, this could be a multi-bagger in the long run and opens a wide opportunity for acquisitions. - Target price 0.34 with 3 year horizon Note : I am vested with a small portion.