Updates & Ideas

ASA International - International micro finance business on lowly soon-to-be prospective PE of 4.1

November 2024

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.

Shares in ASA International have endured a rough time after listing on the Main Market at 313p in July 2018 but there are signs of a recovery. The group is one of the largest international microfinance institutions (MFI) and provides modest loans on a small scale to female entrepreneurs over the age of 15 in parts of Asia and Africa as a way of getting them out of poverty. ASA’s typical customers are women entrepreneurs who operate from urban or semi-urban areas in industries as diverse as agriculture (growing vegetables), making clothes such as saris (where they might need working capital for garments or to buy a sewing machine) or selling food and drink, where they might invest in a fridge to mark-up a cold can of cola by 50%. A ...

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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.

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