Updates

ASA International

November 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

ASA, which provides microfinance to female entrepreneurs in Asia and Africa, continues to be hurt by the fact that it makes money in countries whose currencies are weakening against the US$ but is obliged to report its results in dollars. This “translation effect” has led to downgrades to its forecasts.Results themselves were quite good, as during the six months ended 30th June, the number of clients rose 15% year-on-year to 2.3m while the number of lending branches increased 16% to 1,812. Net profit rose 95% to US$16m year-on-year. South Asia (India, Pakistan) grew net profit 11% to US$7.5m while South East Asia (Philippines, Myanmar) grew profit 33% to US$2.3m. The other major market, West Africa (Ghana, Nigeria), inc ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

IG Design

Ramsdens - Buoyant gold prices helpful tail-wind for pawnbroker

ASA International - International micro finance business on lowly soon-to-be prospective PE of 4.1 (November 2024)

ASA International (July 2019)

ASA nternational - Net profit jumps 30% excluding currency headwinds (June 2019)

ASA International (January 2019)

ASA International - Exciting new issue in microfinance market (December 2018)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X