Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Think I've mixed it up with another company......saw something on investigate.com early hours but I've mixed it up with another company
Which one?
I thought it was good news or neutral at worst but slightly down
I believe 80p is a fair level, then we need to see improvement in the operating environment to move beyond that.
No idea, but it can move swiftly. Broker target is 100p according their website.
How high do you think this one could go?
Indeed, it is creeping up under the radar supported by directors' purchases and stabilizing local currencies.
Chugging along nicely...
Karin Kersten CEO bought 110k!
What is going on here? markets are down, asai still keeps climbing!
150k is a massive vote of confidence. I could not find any reason to not follow suit with a top-up. GL
Not mentioned much....that's one huge buy followed by another ...
Huge share purchase by a director
The larger seller was cleaned out at 24p. It's been a very rapid and lucrative ride back up. I'm going to sit on it until at least 50p. Beyond that I will want to see better results.
There must be a bigger buyer right now.
I've done a lot of work on this stock, am convinced it is solvent and going to be very profitable again in time - for that to happen, we need some currency stability across key markets to deliver consistent growth, but even minor passthrough of cash flow to the holding company then dividends will be material at the current share price
Except the sp
It is looking good here, SeaTank.
This has been the case for some years, the convents, the currency depreciations etc.
Well, these words are from their half year results. I agree this is cheap, but may be this has some impact on the SP too. And the strong dollar, high interest and inflation are not very helpful.
The covenant breaches are related to overdue loan percentages in India and have resulted in ASAI having to shrink the India business because their funding sources are being limited, but India is now a small contribution to the group and there is no recourse to the parent anyway, so there is no financial contagion risk here. I suggest you review the cash flow statement to understand the cash generation of the business. This business is not in any serious financial stress. Its market cap is less than annual cash generation.
However, the current economic and market conditions make it difficult to assess the likelihood of further debt covenant breaches and whether the waivers necessary to avoid the immediate repayment of debt or further extension of loan terms will be forthcoming. As a result, senior management and the Directors have concluded that this represents a material uncertainty that may cast significant doubt over the Group's ability to continue as a going concern. Nevertheless, given the historical and continuing support received from lenders regarding these particular covenant breaches and based on continued improved operating performance in most markets, the Group has a reasonable expectation that it will have adequate resources to continue in operational existence throughout the Going Concern assessment period.
It seems that this company's market cap is now less than last year cash flow/cash earnings. I don't think there is a cheaper stock globally.
When ASAI recommence dividends next year, it'll be on a chunky yield. The wait though, is excruciating.
and even being bid up especially in the last month, however illiquid.This could possibly be seen as a proxy for lockdowns\release of lockdowns in the target regions including India.This is definitely more an institution share though.Where is everyone?!?!