ASLR.L Share Chat (ASLR)

Let's see:
19.5 invested in Dev Clever, worth? A lot going on there, very unclear outcome. I'm counting on at least 1.0 remaining value.
1.0 invested in AAA. AAA holding 32.5% in Aaqua (total mess, to be safe value 0). AAA holding 25% in Sentiance (which seems to be doing very well). AAA 's intented to buy 100% in Sentiance. Don't think that will go through. AAA valued at 500 million. No way. Counting 0.1 value of AAA holding.
Current market value of shares in AudioBooom 0.6 million.
3.4 million invested in Magic Media of which 1.5 million in a convertible note. Magic Media seems to do well. Counting it at 1.5 (the value of the convertible).
A 0.9 million investment in Simplestream. Seems to be doing okay. Let's count it in for 0.4.
A 1.3 million investment in Seequestor, which seems to be doing fine. Let's say 0.6 to be on the safe side.
A 0.5 investment in Sparkledun (Fast2fibre). Not that exciting. I'm counting it in at 0.3
Finally 3 smaller investments in Gfinity, Low6 and Zeelo, 0.5 in total. Counting 0.2 for that.
1.0+0.1+0.6+1.5+0.4+0.6+0.3+0.2=4.6.
Number of shares 123 million. Value 3.5-4p.
Feels like a very low valuation to me.
2p is a 50% discount, I'm a buyer.

fill you boots - think will struggle to buy at the moment though... or maybe just me...

I get that. It doesn't feel like the best time to buy. Yet I did. Done a little DD (not too much, not betting the farm) and feel it was sufficient to take a small position. Willing to add if it goes any lower.

Just to add in half year accounts this company had £3.1 million in cash & since there have been no more investments in that period then minus admin should still expect around £3 million cash held.
There have been multiple warrants issued which adds to the admin cost in a positive light.
Also DEV if unlisted still has value as ASLR is the forth biggest investor see below.
Veative Labs Pte. Ltd 225,000,000 £67.5m 0% no data
17.94%
Christopher Jeffries 152,114,069 £45.6m 0% no data
10.5%
David von Rosen 89,000,000 £26.7m 0% no data
8.53%
Asimilar Group Plc 72,300,000 £21.7m 0% no data
5.96%
Jarvis Securities plc, Asset Management Arm 50,510,278 £15.2m 0% 0.95%
5.36%
Christopher Akers 45,435,000 £13.6m 0% no data
1.74%
HSBC Global Asset Management (UK) Limited 14,774,227 £4.4m -6.21% no data
1.33%
Nicholas Abdo Ydlibi 11,250,000 £3.4m 800% no data
1.25%
M. D. Barnard & Co. Ltd., Asset Management Arm 10,632,561 £3.2m 0% 3.58%
1.19%
Brewin Dolphin Wealth Management Limited 10,085,000 £3.0m 5.22% 0.16%
1.09%
HBOS Investment Fund Managers Limited 9,276,083 £2.8m 0% 0.03%
0.94%
Citigroup Inc.,Banking and Securities Investments 8,000,000 £2.4m 0% no data
0.9%
IG Group Holdings Plc, Asset Management Arm 7,617,709 £2.3m 841.95% 0.26%
0.9%
Barclays Bank PLC, Securities Investments 7,591,214 £2.3m 0% 0.01%
0.68%
Barclays Bank PLC, Wealth and Investment Management Division 5,789,161 £1.7m 0% 0.02%
0.47%
The Royal Bank Of Scotland plc, Asset Management Arm 3,950,800 £1.2m 0% 0.1%
0.46%
Rowan Dartington & Co. Ltd., Asset Management Arm 3,898,284 £1.2m 53.09% 0.13%
0.43%
Credit Suisse, Investment Banking and Securities Investments 3,665,340 £1.1m 0% no data
0.42%
Investec Wealth & Investment Limited 3,593,000 £1.1m 0% 0.01%
0.41%
State Street Global Advisors, Inc. 3,498,648 £1.0m 0% no data
0.4%
Charles Stanley & Co. Ltd, Asset Management Arm 3,348,627 £1.0m 0% 0.01%
0.36%
A J Bell Holdings Limited, Asset Management Arm 3,071,611 £921.5k 0% 0.01%
0.33%
Global Prime Partners Ltd, Asset Management Arm 2,834,804 £850.4k 0% 0.33%
0.24%
Neue Bank Ag, Asset Management Arm 2,000,000 £600.0k 0% 0.73%
0.23%
Killik Asset Management 1,989,345 £596.8k 0% 0.03%

I believe the last accounts showed 30k cash in the bank. It did plough about £3m into Dev but that was before the last half yearly accounts - clever! I reckon it has no money in the bank but might start to sell a few of its very "wise" investments. The company is worth more than a couple of pence - but not each share.

They still have Dev shares but problem is can not trade until shares are relisted , it does appear that the £3 million went to DEV. Why put 70% of your investment in one company.
Anyway agree its worth more will look at each investment and list values.

Where we are today ( Note cash we can access in listed value )
Invested Shares Price Loan Notes Value

Dev Clever 72300000 £0.27 £19,521,000.00 Suspended
AAA 24000000 £0.04 £984,000.00 Suspended
Audioboom 145,700 £4.35 £633,795.00 Listed
Magic Media £1,491,768 £1,491,768.00
Magic Media 1,646,682 £1,902,155.00 Not Listed
Simplestream Limited 9,943 £835,212.00 Not Listed
Simplestream Limited £21,000 £21,000.00
SeeQuestor 114,586 £1,308,023.00 Not Listed
Sparkledun Limited 8307 £493,851.00 Not Listed
Gfinity 8,148,954 £0.00540 £44,004.35 Listed
Low6  6,612 £119,993.00 Not Listed
Zeelo 1,220,000 £301,850.00 Not Listed
Warrants
Dev Clever 35 million £0.25


Total £27,656,651.35

Listed £677,799.35

Note Listed £6,452,852.00

Suspended £20,505,000.00

Thanks for this...
And not meaning to sound brutal but while suspended DEV shares are worth nothing to individual PI's, they haven't lost their value as an investment to ASLR. The reorganisation and rebranding at DEV/VEATIVE still holds value. As do some (not all) of the other unlisted shares...
=> 2p is great value here
IMHO

Dev shares will be tradeable after Jan 18th just not on LSE. They'll be down in value no doubt but hopefully come good in time.

Where we are today ( Note cash we can access in listed value )
Invested Shares Price Loan Notes Value

Dev Clever 72300000 £0.27 £19,521,000.00 Not Listed
AAA 24000000 £0.04 £984,000.00 Suspended
Audioboom 145,700 £4.35 £633,795.00 Listed
Magic Media £1,491,768 £1,491,768.00
Magic Media 1,646,682 £1,902,155.00 Not Listed
Simplestream Limited 9,943 £835,212.00 Not Listed
Simplestream Limited £21,000 £21,000.00
SeeQuestor 114,586 £1,308,023.00 Not Listed
Sparkledun Limited 8307 £493,851.00 Not Listed
Gfinity 8,148,954 £0.00540 £44,004.35 Listed
Low6 6,612 £119,993.00 Not Listed
Zeelo 1,220,000 £301,850.00 Not Listed
Warrants
Dev Clever 35 million £0.25

Total £27,656,651.35

Listed £677,799.35

Not Listed £25,973,852.00

Suspended £984,000,00