4WD 0.00% 34.5¢ automotive solutions group ltd

Ann: Quarterly Cash Flow Report and Update, page-6

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  1. 5,909 Posts.
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    $1... I was informed that a major institution wanted to bail on their allocation just before listing and broker declined to let them out and as such they dumped on market.  I would say many are selling at a loss because they feel there is money to be made elsewhere.  Turnover from my point of view is very low daya on day (a few hundred k at most). However from my point of view no negative news has come out and they have actually implemented stuff ahead of guidance.  From the last quarterly:
    • Integration of initial eight businesses is progressing as planned with synergies tracking ahead of pre-IPO expectations
    •  Intercompany trading between aggregated businesses, and distribution of products and services nationally supported by a coordinated Marketing strategy has commenced.
    •  Growth opportunities identified and enthusiastically supported by ASG management team
    •  Common financial reporting platform and controls processes implemented across all businesses in first two weeks of ownership



    We really need a trading update in regards to the finances but the issue is that they have only been trading for 1 month.  If they meet or exceed their guidances then based on their PE in the prospectus this thing should be trading in the mid $1 range as per Vested updated analysis.

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Currently unlisted public company.

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