Attilan Group (formerly: Asiasons Capital)

[Clement]

Those are holdings in their dragon opportunity funds. How much are they invested in their own funds?

[mulyc]

Dun play play. Even institutional money is lost big time...

Fund managers hit by penny-stock crash

By Goh Eng Yeow
08 October 2013

Retail investors are not the only victims feeling the pain after the share price plunges of LionGold Corp, Blumont Group and Asiasons Capital when they resumed trading yesterday.

Even fund managers have been caught out in the carnage.

Bloomberg records show that New York-based asset manager Van Eck Associates owns about 6 per cent of LionGold as part of an exchange-traded fund it manages, which aims to give investors exposure to small and mid-cap gold mining companies.

Australia-based Macquarie Group - another big investor - owns about 4.78 per cent of LionGold. It is not known if Macquarie is a direct investor, or is holding the shares on behalf of its clients.

But with LionGold’s 83.44 per cent share price plunge from $1.26 to 25 cents in the past two trading sessions, as it lost $1.19 billion in market value, Van Eck would have lost about $71 million, while Macquarie’s loss works out to $56.7 million.

The Bloomberg records also show that Asiasons, which owns 8.72 per cent of LionGold, and Blumont, which shares a common director - Ms Ng Su Ling - with LionGold, have begun to attract an institutional following as well.

Both counters had lost about 85 per cent of their market value upon trading resumption yesterday.

US fund manager BlackRock owns 0.57 per cent of Asiasons, while Europe-based Invesco holds a 0.56 per cent stake in the company. In the case of Blumont, another US fund manager, Vanguard Group, owns 0.27 per cent of the company, while Van Eck holds a 0.15 per cent stake.

Traders said the fund managers were probably drawn to the three counters by their inclusions in stock indexes as their stock prices commenced their rocket-like ascent this year.

In a corporate presentation in August, LionGold highlighted that it had been included in the MSCI Small Cap Index. It also formed part of the FTSE ST Mid-Cap Index. Meanwhile, Blumont forms part of the FTSE ST Mid-Cap Index as well, while Asiasons is on the FTSE ST Small Cap Index and FTSE ST Catalist Index.

One dealer, who declined to be named, said: “With LionGold’s inclusion in the MSCI Index, fund managers were compelled to buy the counter. Otherwise, they might find themselves underperforming the index as the counter shot up.”

Sadly, this had turned out to be their undoing following LionGold’s collapse in share price yesterday.

But as the stock trio crashed, they also took a heavy toll on the FTSE ST indexes. Since Friday, the FTSE ST Mid-Cap had lost 7.44 per cent, while the FTSE ST Small-Cap fell 7.2 per cent and the FTSE ST Catalist is down 8 per cent. In contrast, the blue-chip Straits Times Index edged down only 0.25 per cent.

[orangetea]

Dun play play. Even institutional money is lost big time... Fund managers hit by penny-stock crash By Goh Eng Yeow 08 October 2013 Retail investors are not the only victims feeling the pain after the share price plunges of LionGold Corp, Blumont Group and Asiasons Capital when they resumed trading yesterday. Even fund managers have been caught out in the carnage. Bloomberg records show that New York-based asset manager Van Eck Associates owns about 6 per cent of LionGold as part of an exchange-traded fund it manages, which aims to give investors exposure to small and mid-cap gold mining companies. Australia-based Macquarie Group - another big investor - owns about 4.78 per cent of LionGold. It is not known if Macquarie is a direct investor, or is holding the shares on behalf of its clients. But with LionGold’s 83.44 per cent share price plunge from $1.26 to 25 cents in the past two trading sessions, as it lost $1.19 billion in market value, Van Eck would have lost about $71 million, while Macquarie’s loss works out to $56.7 million. The Bloomberg records also show that Asiasons, which owns 8.72 per cent of LionGold, and Blumont, which shares a common director - Ms Ng Su Ling - with LionGold, have begun to attract an institutional following as well. Both counters had lost about 85 per cent of their market value upon trading resumption yesterday. US fund manager BlackRock owns 0.57 per cent of Asiasons, while Europe-based Invesco holds a 0.56 per cent stake in the company. In the case of Blumont, another US fund manager, Vanguard Group, owns 0.27 per cent of the company, while Van Eck holds a 0.15 per cent stake. Traders said the fund managers were probably drawn to the three counters by their inclusions in stock indexes as their stock prices commenced their rocket-like ascent this year. In a corporate presentation in August, LionGold highlighted that it had been included in the MSCI Small Cap Index. It also formed part of the FTSE ST Mid-Cap Index. Meanwhile, Blumont forms part of the FTSE ST Mid-Cap Index as well, while Asiasons is on the FTSE ST Small Cap Index and FTSE ST Catalist Index. One dealer, who declined to be named, said: “With LionGold’s inclusion in the MSCI Index, fund managers were compelled to buy the counter. Otherwise, they might find themselves underperforming the index as the counter shot up.” Sadly, this had turned out to be their undoing following LionGold’s collapse in share price yesterday. But as the stock trio crashed, they also took a heavy toll on the FTSE ST indexes. Since Friday, the FTSE ST Mid-Cap had lost 7.44 per cent, while the FTSE ST Small-Cap fell 7.2 per cent and the FTSE ST Catalist is down 8 per cent. In contrast, the blue-chip Straits Times Index edged down only 0.25 per cent.

Handcuff investors... Previously only applies to individuals who saw depreciation eat away hard earn monies from low interest environment...

Now applies to institution investors who benchmark their returns on msci, s&p, dj, etc

They all follow each other because it is safer to fail together than standing out as sore thumb.

Real value investing is indeed hard for them other than a few who thoroughly research and continue to buy despite clients asking why drop so much...

I like the article by Drizzit on Richard Freeman recently
http://www.investmentmoats.com/stock-mar...d-freeman/

---

Handcuff investors... Previously only applies to individuals who saw depreciation eat away hard earn monies from low interest environment... Now applies to institution investors who benchmark their returns on msci, s&p, dj, etc They all follow each other because it is safer to fail together than standing out as sore thumb. Real value investing is indeed hard for them other than a few who thoroughly research and continue to buy despite clients asking why drop so much... I like the article by Drizzit on Richard Freeman recently http://www.investmentmoats.com/stock-mar...d-freeman/

Despite all the losses, we pay them annual, management fees regardless of gains and losses...
Easy job to just replicate another's folio and collect steady stream of income from fees
VB does the opposite and i am happy to say that.

[Clement]

Dun play play. Even institutional money is lost big time...

Fund managers hit by penny-stock crash

By Goh Eng Yeow
08 October 2013

Retail investors are not the only victims feeling the pain after the share price plunges of LionGold Corp, Blumont Group and Asiasons Capital when they resumed trading yesterday.

Even fund managers have been caught out in the carnage.

Bloomberg records show that New York-based asset manager Van Eck Associates owns about 6 per cent of LionGold as part of an exchange-traded fund it manages, which aims to give investors exposure to small and mid-cap gold mining companies.

Australia-based Macquarie Group - another big investor - owns about 4.78 per cent of LionGold. It is not known if Macquarie is a direct investor, or is holding the shares on behalf of its clients.

But with LionGold’s 83.44 per cent share price plunge from $1.26 to 25 cents in the past two trading sessions, as it lost $1.19 billion in market value, Van Eck would have lost about $71 million, while Macquarie’s loss works out to $56.7 million.

The Bloomberg records also show that Asiasons, which owns 8.72 per cent of LionGold, and Blumont, which shares a common director - Ms Ng Su Ling - with LionGold, have begun to attract an institutional following as well.

Both counters had lost about 85 per cent of their market value upon trading resumption yesterday.

US fund manager BlackRock owns 0.57 per cent of Asiasons, while Europe-based Invesco holds a 0.56 per cent stake in the company. In the case of Blumont, another US fund manager, Vanguard Group, owns 0.27 per cent of the company, while Van Eck holds a 0.15 per cent stake.

Traders said the fund managers were probably drawn to the three counters by their inclusions in stock indexes as their stock prices commenced their rocket-like ascent this year.

In a corporate presentation in August, LionGold highlighted that it had been included in the MSCI Small Cap Index. It also formed part of the FTSE ST Mid-Cap Index. Meanwhile, Blumont forms part of the FTSE ST Mid-Cap Index as well, while Asiasons is on the FTSE ST Small Cap Index and FTSE ST Catalist Index.

One dealer, who declined to be named, said: “With LionGold’s inclusion in the MSCI Index, fund managers were compelled to buy the counter. Otherwise, they might find themselves underperforming the index as the counter shot up.”

Sadly, this had turned out to be their undoing following LionGold’s collapse in share price yesterday.

But as the stock trio crashed, they also took a heavy toll on the FTSE ST indexes. Since Friday, the FTSE ST Mid-Cap had lost 7.44 per cent, while the FTSE ST Small-Cap fell 7.2 per cent and the FTSE ST Catalist is down 8 per cent. In contrast, the blue-chip Straits Times Index edged down only 0.25 per cent.

This is a good reminder to all of us that large institutional investors have institutional motivations and we should not blindly follow their investments without thinking for ourselves.

They have their own performance indicators for success or failure to meet, and these indicators differ from the way we value investors measure success or failure in our investments.

[BestPrice]

http://sg.finance.yahoo.com/news/singapo...17989.html

[mulyc]

Asiasons Capital will relook the terms and conditions of its proposed acquisition of a 27.5 per cent stake in Black Elk Energy Offshore Operations.

PHOTOS

ENLARGECAPTION
SINGAPORE: Asiasons Capital will relook the terms and conditions of its proposed acquisition of a 27.5 per cent stake in Black Elk Energy Offshore Operations.

In a statement, the company said this came after the Singapore Exchange (SGX) told the firm it does not have a strong enough mandate for a share issue, which it planned to finance the purchase of a stake in the US oil and gas firm.

Last month, Asiasons had said it planned to fund the purchase of the stake in the firm by issuing 194.6 million new shares at S$1.1948 each.

The company then made an application to the SGX-ST (securities trading) for the listing and quotation of these shares.

But the SGX informed the company on Wednesday that it did not satisfy a rule that authorises it to issue new shares.

As a result, Asiasons said it would "engage with Black Elk and the seller to revisit and relook the terms and conditions of the proposed acquisition".

Shares in Asiasons, along with LionGold and Blumont Group Ltd, are currently subject to trading restrictions imposed by the SGX after its share price fell heavily earlier this month.

- CNA/gn

[chialc]

Asiasons is a investment company as stated in their chinese name 亚昇投资集团.

My first notice of Asiasons (which I still pronounce as Asia-on) is because my secondary 1&2 monitor had joined Asiasons.
It was few years ago and on the TV show, I noticed the name of his company is Asiasons.

I started to follow Asiasons and kept it in my watch-list.
No action taken because its definitely not under-value.

+++++++++++++++++++++++++++++++++++++++++
Many people has/use different criteria to gauge the MOS for a security.

BG provided his criteria and also call out speculators from the pool of investors.
So long as any of the criteria is not met and you still wanted to buy the security, then you are a speculator.
Nothing wrong being a speculator thou (as I interpret BG thinking process), one just need to know and recorgnised that he is a speculator and not a INVESTOR. Period.

+++++++++++++++++++++++++++++++++++++++++

WB says that when he saw a fat person walking into a room, he can tell immediately he is fat. He do not need to know whether he is 150kg or 200kg to tell he is fat. He just look and know that he is fat. That's good enough.

++++++++++++++++++++++++++++++++++++++++

I'm still learning and please guide me along...
This was my thinking process on 7 October 2013:

7am Reading newspaper and first time noticed this word called "Designated Securities".
Quickly check yesterday newspaper and there was no such news aka SGX must have worked over the weekend just to "Designate" Asiasons. why lay?
One closer inspection, there is no evidence of fraud or anything at all.
SGX cramp these three stocks because of their price. LOL.
Knee-cap reaction... may be (my imagination run wild and I thought of SMRT).
As the newspaper publish the announcement on Monday, not many people (trader included) will read it (let alone digest i), there might be some opportunities here.
* Do take note of Asiasons when the market open later.
BAU - Continue my newspaper reading...

9:15am Logon to my online trading
Mental note: Asiasons 25cents
Ok, price drop a lot but still not interesting yet.
Let's see what others says ... (do some google)

9:30am Logon to my online trading
Mental note: Asiasons 9 cents
Wow, price is now in my buying zone.

** the rest is history.

<vested>

[CY09]

The footnotes at page 1 signals an impending 106Mil fair value loss for Q4. From the looks of it, other stocks like ITE, Magnus, ISR are going to take a hit to their fair value of quoted equities in Q4

http://infopub.sgx.com/FileOpen/ACL-Q3_J...eID=264543

[mulyc]

It explains why the price has been tracking down lately. In tandem with Liongold.

[butcher]

Waiting for a turnaround in Asiasons