All Active Asset Capital Share Discussion Threads

[andrbea] 28/11/2013 11:26

sounds good up (momentarily to) 11% illiquid animal this one.. 28 November 2013 Press Release 28 November 2013 All Asia Asset Capital Limited ("All Asia Asset Capital", "AAA" or the "Company") US$2.0m Investment in Hospitality and Entertainment Business in Myanmar All Asia Asset Capital (AIM: AAA), an investment company focused on investing in the growing markets of Southeast Asia, is pleased to announce that it has, through a special purpose wholly owned subsidiary, acquired a minority stake in Myanmar Allure Group Co., Ltd. ("MAG") (the "Acquisition"). MAG is a privately held company based in Thailand and Myanmar, which operates in the hospitality and entertainment business. MAG owns and operates the Allure Resort, a combined hotel, resort and gaming facilities located in Tachileik province, Myanmar, in the vicinity of the Thailand-Myanmar Mae Sai border. The resort is situated in an 11-acre plot and is easily accessible from Chiang Rai, Thailand and located within 5 minutes walk from the border. It offers a variety of entertainment including gaming, shopping and cultural sightseeing. MAG intends to expand its business including the development of a new building and partnerships with other gaming operators in order to fulfill increasing demand in this sector. Following the completion of the Acquisition, AAA will indirectly own a 7% stake in MAG. The consideration is to be satisfied by US$2.0 million in cash on completion of the Acquisition, to be funded from AAA's existing cash resources. Commenting on the Acquisition, Dr. Sri Hartati Kurniawan, Chief Executive Officer of AAA said: "The Board is excited about the investment in the Myanmar Allure Group, which in our view is solidly in line with our investing policy. We are confident that the Acquisition will provide an avenue for the Company to create further opportunities to deliver value to AAA shareholders."

[andrbea] 13/11/2013 13:30

ambitious twist going for bigger fish? (rns on nov 11th) During the process of seeking and considering investment opportunities, the Board has come across a number of companies that have the majority of their operations in other countries in the Asia Pacific region including Australia, Japan and Greater China that would, save for the country in which they operate, satisfy the Company's investment criteria. The Board therefore proposes to enlarge the geographical scope of the Company's Investing Policy to capture investment opportunities within the whole Asia Pacific region. The Company's existing Investing Policy also provides that initial investments will typically be GBP500,000 to GBP1,000,000 in each project. The Board is proposing to amend the Company's existing Investing Policy by removing these limits in order to allow greater flexibility for the Company to consider larger size projects whilst exercising the Company's ability to combine cash, equity and/or debt to satisfy the consideration, in whole or in part, for such investments.

[andrbea] 09/11/2013 10:21

Published: 7 Nov 2013 As energy minister, Mr Pongsak will play a significant role in the Dawei project, as the government wants Thai state-owned enterprises to invest in power plants to supply industrial projects in Dawei. :hxxp://www.bangkokpost.com/business/news/378572/.

[andrbea] 15/10/2013 14:29

other CCGT plants are being built at this moment in Thailand, so the Government means business: hxxp://www.worldconstructionnetwork.com/news/mhi-to-build-977mw-gas-turbine-combined-cycle-power-plant-in-thailand-210813/

[andrbea] 15/10/2013 12:54

seems CCGT is the same as GTCC = combined cycle gas turbine seems to be the type to have: quote 'Owing to these beneficial features, demand for GTCC power plants is increasing globally.' from a rival's press release in Thailand: GTCC power generation uses gas and steam turbines in combination to generate electricity in two stages, utilizing high-temperature exhaust gas from the gas turbine to produce steam to drive the steam turbine. This configuration enables GTCC power plants to achieve higher thermal efficiency, which in turn reduces fuel consumption and emissions, ultimately contributing to both efficient fossil fuel utilization and lighter burden on the environment. Owing to these beneficial features, demand for GTCC power plants is increasing globally. MHI has already delivered numerous GTCC power generation systems in Japan and other countries, and the company enjoys a solid reputation in the power generation system market for both its technological expertise and delivery track record. Adding the momentum from the latest order, going forward MHI now looks to further strengthen its aggressive marketing activities for its GTCC power generation systems as a way of making a strong contribution to more effective energy utilization and reduction of CO2 emissions worldwide. hxxp://www.mhi.co.jp/en/news/story/1308201706.html

[andrbea] 11/10/2013 10:44

Tks traderabc I would welcome an RNS that tells us either the value of their minority stake, or the percentage and how the partner's project fits into the array of power plant proposals for thz proposed Dawei seaport (the other bids are mainly from Thailand, and mainly for coal-firec plants)

[traderabc] 10/10/2013 13:23

They may well be investing in the right part of the World, but what is the track record of these guys? Most of them appear too young, unknown and inexperienced to be relied on. Then you have the issue that it's an AIM start up, which usually fizzle out into oblivion. I'm looking to buy into this part of the globe and I like the commodity aspect they seem to offer, but this one looks risky unless you got in right at the beginning or at least no higher then 7.5p (imo) HTTP://www.aaacap.com/board-of-directors BTW if you edit your http into upper case HTTP the link will work, I don't know if it's just me but I cant copy dead links from these bb's.

[andrbea] 10/10/2013 09:28

delayed sell or a buy? hard to work out 09/10/2013 16:39:15 AAA 25.50 O 10,000

[andrbea] 09/10/2013 13:10

on the Web it was all talk of (coal-fired) generation at Dawei (up till June 2013) So to hear that the local government is teaming up with APU is quite a cou maybe CCGT is more eco-friendly than coal-fired? AAA's rns said: APU has signed an Memorandum of Understanding ("MOU") with the Government of the Republic of the Union of Myanmar to act as an electricity and utility provider of Dawei (the capital city of the Tanintharyi Region in Myanmar) and its surrounding cities. APU plans to develop a power plant deploying Combined Cycle Gas Turbine (CCGT) technology. This article below (from June) looked positive for the coal-fired bid, but I reckon the APU design is more to the Government's liking note the size of the (coal-fired) power project budget, staggering.... Watchara Ponsayanawin The Nation June 19, 2013 1:00 am The governor of the Electricity Generating Authority of Thailand yesterday said he hoped plans for the Dawei power-generation plant, which had been submitted to the Myanmar government, would be approved in time for construction of the 1,800-megawatt coal-fired facility to commence by year-end. Sutat Patmasiriwat said the Thai government had submitted the plans for the power plant to the Myanmar government, which had previously approved the project in principle. The Bt100-billion (£ 1.99 billion) project will be split into three phases, each of 600MW. However, should the demand for power prove to be particularly high, the investment could be undertaken in a single outlay.

[euclid5] 09/10/2013 11:45

would be good to get an NPV value for the APU Power plant value along with the other co's developing this - 2016 expected - not that long

[euclid5] 09/10/2013 11:44

Thanks for your posts andrbea

[euclid5] 09/10/2013 11:43

Kibo have diluted s/holders already - already priced in - no sudden expected rise in that share

[bains123] 09/10/2013 08:59

KIBO the next multibagger!!!!!!!!!!!! Highly Geared 8 Oct'13 - 23:01 - 4792 of 4796 0 0 AAA rose by nearly 300% today based on an Rns. Have a read and see the paralells with KIBO......

[andrbea] 09/10/2013 08:28

still reckon that the directors have cherry-picked the right asset in just the right place. think about it: the biggest port development project in Asia in the last 20 years, and they've got in early (to the town of Dawei, and its power needs) before the big rush Myanmar trading with the west via a major container port (and maybe the only one). No wonder the Japanese & the Thais are so eager to invest there. It's all about investors chasing 10% growth per annum. Burma in 10 years time could be growing faster than China....

[andrbea] 09/10/2013 08:20

Burma, Thailand Agree to Speed up Dawei Project By | Tuesday, September 24, 2013 | The governments of Burma and Thailand have agreed to accelerate work on the Dawei Special Economic Zone in southern Burma's Tenasserim Division, reports The Bangkok Post. The project, which will give Thailand access to the Dawei deep-sea port and also includes power plants and refineries to help meet Thailand's energy needs, was discussed on Monday by Thai PM Yingluck Shinawatra and visiting Burmese Union Parliament Speaker Shwe Mann. "Thailand and Myanmar must work together to move this project forward and inform the public about the benefits of the Dawei deep-sea port, Yingluck said. Shwe Mann's five-day trip to Thailand will conclude on Thursday.

[sportbilly1976] 09/10/2013 08:15

some taking a reasonable %age loss too.. 3213 - bought at 30, sold at 20 3441 bought this am at 31.4, sold at 18 back to mid teens imo. well done to those yesterday though who bought in 12-15p and sold in mid 20's

[29howard] 09/10/2013 08:13

If you do not have falia filtered then you are crazy. So all the buyers yesterday have turned sellers.

[andrbea] 09/10/2013 08:12

maybe euclid5, but the scale of the money pouring into that small town is staggering reminds me of how Hong Kong grew out of nothing Dawai will have 55 berths......... Introduction The Dawei Sea Port (DSP) is the centerpiece of a multibillion dollar infrastructure and industrial development project in Myanmar. Major elements of the project include a new port and industrial zone located in southern Myanmar (near the town of Dawei) and highway and rail systems connecting the port to central Thailand, to provide access to transportation infrastructure to South China and other regions within Southeast Asia. The developer will be the Dawei Development Company Limited (DDC) and the general contractor will be the Italian-Thai Development Public Company Limited (ITD). The DDC was established by ITD after being awarded a 75-year concession by the Myanmar government to develop the Dawei Development Project, an ambitious project comprising an industrial estate covering nearly 204 square kilometers, oil and gas facilities, a deep sea port, power plants, steel mill, shipyard, a new township, and a transborder road/rail/power link with neighboring Thailand. The port development will ultimately include 55 berths, including terminals for containers, general cargo, liquid cargo, LNG, coal and iron ore. In 2011 the Halcrow-Aurecon Design Consortium (HA) was awarded a contract by ITD for master planning, data acquisition, feasibility and optimization studies, and the detailed design of the port. This article provides a brief overview of the DSP project and a detailed discussion of the unique quay wall system that will be used, with concrete diaphragm walls (slurry walls). hxxp://www.porttechnology.org/technical_papers/diaphragm_wall_quays_for_myanmar_mega_port_dawei_seaport/

[falia] 09/10/2013 07:57

THESE COULD BE £1+ NEXT FEW DAYS

[euclid5] 09/10/2013 07:56

ok thanks for that clarification andrbea - think they are now overvalued as we don't have details of the Capex for APU & AAA wi stake

[andrbea] 09/10/2013 07:52

ref post 9 don't confuse the 2 things: the 60B project is to build the deep-sea port (civil works). But, of course, the machinery & township that will spring up to serve it will need power. And there is a power shortage in the area it would seem. Thailand. Thailand and Myanmar also agreed on plans to set up special-purpose companies (SPCs) to manage projects including the port, road and rail links, power plants, water facilities, industrial..." hxxp://www.bangkokpost.com/business/news/369267/.

[euclid5] 08/10/2013 22:41

Taken from Andaman Power & Utility website hxxp://apu.co.th/#./chairman "As we are approaching the new age of ASEAN ECONOMIC COMMUNITY (AEC) in the year of 2018, we are certain by that time, our company will be one of the largest Electrical providers in the Republic of Myanmar and will be ready to meet of the challenges in the coming years"

[euclid5] 08/10/2013 22:15

If they have a small stake in Andaman Power and Utility Company Limited - then they may IPO in the future & have a wi in the Power Plant - we may of missed the boat on AAA as it's now mkt cap over £55m but what an interesting stake to have & more to follow

[euclid5] 08/10/2013 22:13

Thanks for the web link andrbea - if this is a $60B project - wonder what AAA share is - even at 1% - $600m

[euclid5] 08/10/2013 19:13

Hi cyberbub - once they pay this out they will still have change - very overvalued considering we don't know the value of their stake & if they have to invest in the capex - somehow don't think they do as they have just taken a stake in APU The consideration of acquisition is to be satisfied by US$1.25 million in cash on completion of the Acquisition.