| | Investors in IASIA would do well to look closely at
Pacific Media quoted in London as PCM.L.
It offers a "hedge your bet" approach to Iasia, as
the two are not formally, but are inextricably linked.
I have noticed that people here dont seem to know
PCM trading at 6p sterling (6cents to you), and due for
relisting from the London Stock Exchange's equivalent
of Nasdaq small cap called the Alternative Investment
Market (fully reporting)to a full London listing in a couple
of months time.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Sample posting from ADMIRE private email club...
"When it comes to anything PCM related, then I’m on more familiar territory. I spotted your
posting re AsiaContent earlier. These are just random thoughts and comments, but some may be of help.
Ng and Chen have approx 20% between them. H&Q AP also have a stake, but don’t know how much. It is worth finding out though – remember they are the biggest
shareholder in PCM now at around 23%, and also have around 35% of AsiaCommerce ( to PCM’s approx 46% ). They are also likely to be invited to join the board of PCM
in due course. If their holding in IASIA is significant, then it means that the folks running PCM also have a possibly controlling stake in IASIA.
Look at this link
gorillasia.com
Basically, they are sitting on a big pile of cash ( around US$60M ) with a market cap of around $100M at $3. The article suggests they are an attractive take over target. My
point is that judging by recent news that they seem to be shifting focus more towards the business sector, and that given the rapid developments expected from TVM, TVB
& the Chinese Channel, then maybe Clive & Co are looking at putting that cash to better use than in the unloved B2C sector. We were told at the AGM that there would be
increasing cross-over between PCM and IASIA.
What does this mean? In my opinion, the longer term prospects for IASIA look ok for those in at around $3. Those in at the IPO ($14 I think) – well, that’s another matter.
PCM I suspect is the better bet, but IASIA may be good for trading regularly as it seems to cycle between $3 and $4
What’s more, judging by the IASIA BBs I’ve seen ( Raging Bull, and Yahoo ), I suspect we are more clued up about IASIA than they are. What’s more, I suspect very few of
the yanks follow PCM. That means we frequently report news on the iii PCM board before it’s seen on the USA ones. This is especially true if big developments come
through TVM/TVM deals.
Bottom line – obviously your decision, but I suspect it’s worth taking profit on the rises, and getting back in on the dips. Watch for PCM news that may break the routine.
A few sites that may be of interest ( also good for PCM/ ACOM news )
Singapore Business Times
business-times.asia1.com.sg
asia.internet.com
gorillasia.com
english.hk.yahoo.com
And this one is especially recommended for bedtime reading
cfoasia.com
It’s an account of the IASIA IPO
Incidentally, I sent this to PCM Chairman Emmanuel Olympitis, asking about forthcoming roadshows for PCM, and got a very informative and personal reply. Yes, they will
be doing them in the lead up to the move to a full listing, and yes I’m correct in saying us private investors aren’t invited.
Rambling on a bit now. Hope this helps a wee bit.
The key is – what is H&Q AP’s stake? That will give a good hint of the way things may pan out.
One last thing – when I spoke to Clive at the EGM, he commented that although the IASIA shareprice performance wasn’t too good since the IPO, they had raised cash at
the right time, which gives a good lead on their competitors. Most of it is as yet unspent. Now think of the TVM developments. Now think of that big pile of cash. Now think
of the investors looking for him to spend it wisely to give them their returns. Now remind yourself that these investors ( which include Clive, Chen, H&Q and AsiaTechV also
know what’s happening with TVM ). Watch this space! |
|
