Attilan Group (formerly: Asiasons Capital)

(08-10-2013, 02:28 PM)valuebuddies Wrote: One of the 3 famous stars for year 2013, seems no one bother to look at it. NAV 17c, 2012 profit 2.96c, current price 15c which is the lowest since 2010. Basing on these figures, it seems to be a good buy, even though I dislike stocks that never pay dividend. Tried to place order at SCB, rejected; tried again on CIMB, rejected. So now I understand why it dives so fast. But I just have a thought that it could recover back to (not 250c, but) at least 25c.

What do you guys think?

The company is a fund management company.
1) The total size of their funds managed (DOF I and DOF II) seem to total at most 350m. One of it's funds has Liongold as a portfolio company and recent turmoil in the markets relating to this company might impair it's ability to raise capital for future funds.
2) A large portion of it's NAV is financial assets of which the fair value might have declined significantly.
3) The revenue of the company has declined significantly in the most recent reported quarter.

14c seems attractive but still a very risky play nonetheless. If a stock can fall from $2 -> $0.14, it could also go to zero.

The first post of this thread is a true classic testament to how misled retail investors must have been on this stock.

Now just wait for all the hope buyers who think the stock can go from 14c -> $3

(08-10-2013, 02:35 PM)Clement Wrote: The company is a fund management company.
1) The total size of their funds managed (DOF I and DOF II) seem to total at most 350m. One of it's funds has Liongold as a portfolio company and recent turmoil in the markets relating to this company might impair it's ability to raise capital for future funds.
2) A large portion of it's NAV is financial assets of which the fair value might have declined significantly.
3) The revenue of the company has declined significantly in the most recent reported quarter.

Comparing to its brother Blumont, it seems that Asiasons was severely beaten. True that you highlighted about the drop of the NAV, I just noticed that one of its US assets in the portfolio drop 60 over percent last week. On the other hand, there was a share placement at high price, close to 1 dollar I think. Well it is true that much effort is required to analyse Asiasons, I am just greedy to look for opportunity when everyone are fearful. Thanks anyway.

(08-10-2013, 02:55 PM)valuebuddies Wrote:

(08-10-2013, 02:35 PM)Clement Wrote: The company is a fund management company.
1) The total size of their funds managed (DOF I and DOF II) seem to total at most 350m. One of it's funds has Liongold as a portfolio company and recent turmoil in the markets relating to this company might impair it's ability to raise capital for future funds.
2) A large portion of it's NAV is financial assets of which the fair value might have declined significantly.
3) The revenue of the company has declined significantly in the most recent reported quarter.

Comparing to its brother Blumont, it seems that Asiasons was severely beaten. True that you highlighted about the drop of the NAV, I just noticed that one of its US assets in the portfolio drop 60 over percent last week. On the other hand, there was a share placement at high price, close to 1 dollar I think. Well it is true that much effort is required to analyse Asiasons, I am just greedy to look for opportunity when everyone are fearful. Thanks anyway.

As an investor, i tend to avoid companies that have a lot of corporate action activities. It makes YOY comparison very difficult as the underlying assets/businesses might have changed significantly. Check their latest quarterly filing with SGX and look at revenue and profits.

http://infopub.sgx.com/FileOpen/ACL-Q220...eID=252410

(08-10-2013, 03:29 PM)chialc Wrote: [Image: AM-BA568_SINGAP_G_20131007013605.jpg]
picture google from internet.

I was under the impression that designated securities means you can only sell it if it has been settled? (Transferred to CDP account).

hey please this is a value forum, if you like to talk about how u speculated and made profits go elsewhere thanks

(08-10-2013, 03:51 PM)ForeverAlone Wrote: hey please this is a value forum, if you like to talk about how u speculated and made profits go elsewhere thanks

I think we do not need to be too strict. We have to differensiate between sometimes and often. IMO, It is enlightening to hear some speculative action done by forummers.

(08-10-2013, 04:02 PM)cyclone Wrote: IMO, It is enlightening to hear some speculative action done by forummers.

cyclone, you're the best!

I shared with exactly the feeling to enlighten and brighten your day...

hear me out: with Love and compassion, our heart will be warm...

well if we want to mention about value investing, then perhaps it is viable to discuss at what price would Asiasons be a value buy? Zero?

It has to have a certain value given that it is still holding on to its core business prior to its unrealistic meteoric surge.

At current price of 12c as we speak, we are nearing a point where it is oversold IMO.

(08-10-2013, 04:29 PM)mulyc Wrote: well if we want to mention about value investing, then perhaps it is viable to discuss at what price would Asiasons be a value buy? Zero?

It has to have a certain value given that it is still holding on to its core business prior to its unrealistic meteoric surge.

At current price of 12c as we speak, we are nearing a point where it is oversold IMO.

Well like Warren Buffett said " Charlie and I have found that making silk purses out of silk is the best that we can do; with sow's ears, we fail"