ASLI - Another good wind-down opportunity...

[SKYSHIP]

Another good wind-down opportunity - ASLI. Stats look as good as if not better than over at API.

Market seems not to have caught on yet; so just under 62p seems like a great BUY.

https://uk.advfn.com/stock-market/londo ... w/93887720

[Spet0789]

Looks interesting, thanks. How accurate is the NAV and are any of the liabilities fair valued?

[RockRabbit]

Looks interesting, thanks. How accurate is the NAV and are any of the liabilities fair valued?

The six million dollar question! If past form is any guide, a new NAV RNS should come out in a few days time. Also, they recently sold a French asset close to its reported Dec 23 NAV. But we'll only know for sure when they actually sell their assets.

[SKYSHIP]

ASLI assets much in demand; as can be seen from the RNS.

Clearly a total bid had to be at a good discount to both cover costs and provide a good turn for the buyer.

However, many wanted just to cherry-pick certain assets; and the wind-down gives them the opportunity to do so.

The degree of demand suggessts the wind-down duration will be quite short; that in itself raises the GRY return.

I am working on a conservative basis; and will then be happy to see more upside.

My model is for 78p by 30th Sep'25. That gives a GRY of 17.0%pa from the current 63p.

I think it quite likely that the actual return will be nearer 20%.