Spirit distracting ASG and Varuvas bira: little tricks



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The municipality of Undertaker Gediminas indirectly controlled by the maintenance services company Avia Solutions Group (ASG) plans to retire in the bus, but the minority shareholders call the price of non-public stock purchase

We received a shareholder Haifo LTD, which operates with other shareholders and holds 83.05% of the shares at the same time, via the Warwick Office of Information System, informs us of the acquisition of 75 % of the shares and the decision to buy the remaining shares. Giedrius Karsokas, director of ASG Corporate Affairs, says Giedrius Karsokas, director of ASG Corporate Affairs

The purchase price of Siloma's official shares is PLN 15.18 per share, as well as the vote at the general meeting of shareholders.

Vladas Bagaviy, a representative of Haifo LTD, who is about to comment, says that we have been able to control in recent years the liquidity of ASG shares, which is by no means the case. In addition, at the current stage of development of the company, shareholders who initiated the formal development of the company do not see the need to raise additional capital in the office of Varuvas or add additional funding to the presence from Varuvos. says the company, but it requires additional support for applying the requirements of existing businesses.

The main shareholders of the company claim to seek all the efforts of the ASG management to direct their activities and development.

Complaints that they buy semi-finished products

The investor badociation, which unites Lithuanian small investors, calculates that the total purchase price ASGrated only 118 million. PLN (EUR 27 million)

It is obviously a land purchase price, as ASG own funds in 2017. In the end, it has reached 62.6 million. Eur, and 348.5 mln. The company receiving the income EUR has earned 5 million litas. Net result Eur. According to the director of the Investors Association, Tomas Pilipaviius, the price / earnings ratio of ASG shares is only 5 and the price-to-book ratio is only 0.4% worldwide, even in emerging markets, according to the Investors Association

. ASG Birch came after the global financial crisis in 2011, and after PLN 52, the stock attracts 76 million. PLN.

This requires that the company sells its shares in a lively purchase and for 7 years, investors account for 70% of the losses, although the ASG has increased significantly, "says Pilipavičius [[]]. 19659003] For comparison, in 2011 ASG received $ 84.4 million. Won 2.5 million euros Eur net profit, my equity amounted to 27.9 million. Eur. The main business of ASG is the repair and maintenance of aircraft.

As far as I am concerned, the recent agreement shows that BaltCap's private equity fund is 43 million. Eur Chinese investors sold several times lower ASG to the Estonian aircraft repair company Magnetic MRO, whose last year 's turnover reached 90.9 million euros. Eur, – says Mr Pilipavičius.

AviaAm Leasing enters too.

It was announced that in the week of Varuvos biraus, others with p. I will rent the shares AviaAm Leasing Aircraft Leasing Related Services. The remaining shares at the time of the purchase of the shares were worth PLN 5.62 and the total value of the company was 243.4 million. PLN (EUR 58.5 million)

The small amount of Leasing shares in circulation and the balance of AviviaAm Leasing shares, since I only benefited from the value of its current badets, although the equity of the company amounted to 119 million. Eur.

AviaAM Leasing in Varuvets in 2013 Birel, I invested 112 million litas PLN Investors suffered a loss of 30%, calculated by the Investors Association.

Polish equity funds are forced to sell because they can not hold a currency without a license, and prices are not disputed by anyone because these investments constitute a particularly important fund. in portfolios. We believe that the Bank of Lithuania already has enough media to discover that minority shareholders can not effectively defend their rights, so we declare that it should be mandatory to disclose unrated valuations, confirming that the price is solid "Says p. Do not bring added value

Mr. worries about not being satisfied with the opportunity offered by the Polish stock market, because it lacks liquidity and even if it shows stable results, there is no opportunity to add value to its shareholders.

However, the Investors Association p. I did not want to criticize the Polish Grand Prix for big shareholders, but I could see the mirror.

In my opinion, the mirror must be inflated and asked, not to mention the billionth's ambitions, by the rulers themselves, by calculating the amount of dividends that they receive. When it comes to radiation, the wheels are automatically shaken by the buyer, says p. Pilipavičius

The representative of Haifo LTD is named after P.Bagavius ​​for many years in charge of Mr. I go to the group of companies of the Agrowill group. The Paymi Investors Association does not mention who finances p. Acquisitions of Baghaviyu.

Hong Kong is broken

Last year ASG received 348.422 million. Consolidated turnover Eur 13.9% On 2016, while it was 305.96 Million. Eur. The consolidated net profit of the Group decreased by 40% year-on-year to 4,886 million. The group is active in Lithuania and has representative offices in the United States, Great Britain, Poland, Serbia, Estonia, Russia and Thailand. and Indonesia and many other divisions in Europe and Asia employ more than 3,000 aviation specialists and other specialists.

Some investors think that after the Polish office, another p. Monster Monistotel can be an office in Hong Kong, where aviation-related businesses are more important.


Comment by Rayti

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