379% premium to NAV25 Aug 2020 10:47
- AAA has two primary assets, shares and warrants in Asimilar Group (ASLR) and 7% holding in a hotel business in Myanmar.
- ASLR share has been suspended since 14 Feb 2020 when the stock traded at 48p. Today the suspension was lifted, and the stock collapsed 30% to 33p.
- While ASLR share has been suspended AAA has made several investments in ASLR shares and warrants the first one on the 20 Mar 2020.
- AAA share price has surged significantly since the first investment was made from 0.18p to 5p or app 2670%. The big problem now is that ASLR share price is now collapsing since the suspension has been lifted and AAA investment is collapsing in value.
Based on the current net asset value, AAA net asset value is 1.06p per share with the current Asimilar share price. Meaning that AAA trades on 379% premium to NAV, which makes no sense when you can buy the main underlying asset in the market.
Anyone holding AAA shares can make the trade of the century today, by selling its AAA shares and buying ASLR, that trade would increase the investor exposure to ASLR with more than 3x.
https://twitter.com/EasyBrent/status/1298179742210891776