Grupo Aeroportuario ADR Representing 10 Ord Shs Series B T.ASR

Primary Symbol: ASR

Industrials Airports & Air Services

Grupo Aeroportuario del Sureste SAB de CV (ASUR) is a Mexico-based holding company. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services. The airports are located in Cancun, Cozumel, Merida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula and Minatitlan, Mexico, and in Medellin, Colombia, among others. Approximately eight Mexican and over 80 international airlines, including the United States-based airlines, such as American Airlines and United Air Lines are operating directly or through code-sharing arrangements in its airports. It provides airport security services at its airports through third-party contractors. It also provides firefighting, rescue and aircraft maintenance services.

NYSE:ASR - Post by User

Grupo Aeroportuario ADR Representing 10 Ord Shs Series B

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Post by nino9on Jan 22, 2015 5:22pm

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Post# 23353387

Pala and Mr. Vladimir Iorich

Pala Investments Holdings, a company headed by the reclusive Vladimir Iorich, held 54,165,647 ASR shares earky June 2014. Checking the Targeted Holders of Stockwatch Pala does not appear any longer as a shareholder leading to my surmise that the entirely holding was sold.

Especially during the period December 1, 2014 to January 20, 2015, there was an exceptional amount of shares traded as shown in the table:

Date	Sym	Open	High	Low	Close	Chg	Total Vol	#Tr

1/19/2015	ASR	2.82	2.9	2.79	2.9	0.11	761,478	2,694
1/16/2015	ASR	2.91	2.91	2.69	2.78	-0.13	5,997,883	11,296
1/15/2015	ASR	3	3	2.86	2.91	0.03	8,378,301	13,570
1/14/2015	ASR	2.98	3.03	2.825	2.88		3,978,789	10,374
1/13/2015	ASR	3.06	3.06	2.82	2.88	-0.12	3,694,120	13,934
1/12/2015	ASR	2.75	3.095	2.75	3	0.27	6,042,685	15,216
1/9/2015	ASR	2.62	2.74	2.62	2.73	0.15	3,243,889	8,569
1/8/2015	ASR	2.6	2.775	2.49	2.58	-0.11	1,834,446	8,032
1/7/2015	ASR	2.74	2.84	2.6	2.69	-0.1	3,206,629	12,030
1/6/2015	ASR	2.64	2.87	2.61	2.79	0.17	3,424,404	11,690
1/5/2015	ASR	2.46	2.62	2.41	2.62	0.16	2,710,676	10,209
1/2/2015	ASR	2.33	2.47	2.26	2.46	0.13	2,013,719	8,755
12/31/2014	ASR	2.26	2.39	2.2	2.33	0.03	1,215,212	5,990
12/30/2014	ASR	2.33	2.41	2.25	2.3	0.01	2,522,028	8,310
12/29/2014	ASR	2.28	2.29	2.19	2.29	0.02	1,328,673	6,915
12/24/2014	ASR	2.09	2.29	2.06	2.27	0.23	1,159,438	4,857
12/23/2014	ASR	2.1	2.2	1.98	2.05	-0.05	2,006,061	9,740
12/22/2014	ASR	2.27	2.275	2.06	2.07	-0.16	4,320,248	16,441
12/19/2014	ASR	2.25	2.33	2.2	2.25	-0.01	39,578,084	20,834
12/18/2014	ASR	2.35	2.38	2.21	2.26	-0.04	3,930,401	14,028
12/17/2014	ASR	2.3	2.35	2.22	2.3	0.08	3,571,969	12,992
12/16/2014	ASR	2.49	2.49	2.18	2.22	-0.18	3,440,262	14,444
12/15/2014	ASR	2.53	2.6	2.34	2.4	-0.16	8,141,952	20,542
12/12/2014	ASR	2.56	2.63	2.49	2.56	-0.03	3,744,722	12,853
12/11/2014	ASR	2.6	2.68	2.57	2.59	-0.03	3,957,093	13,971
12/10/2014	ASR	2.56	2.65	2.5	2.62	0.09	5,595,800	12,014
12/9/2014	ASR	2.43	2.58	2.43	2.53	0.1	1,891,854	8,051
12/8/2014	ASR	2.36	2.49	2.33	2.43	0.08	2,690,932	7,173
12/5/2014	ASR	2.34	2.38	2.3	2.35	-0.04	3,582,018	10,114
12/4/2014	ASR	2.3	2.45	2.3	2.39	0.06	2,607,808	8,674
12/3/2014	ASR	2.3	2.43	2.26	2.33	0.05	2,611,756	9,601
12/2/2014	ASR	2.22	2.35	2.115	2.28		2,475,748	8,525
12/1/2014	ASR	2.08	2.34	2.08	2.28	0.24	2,108,677	7,121

Totals							147,767,755

(source Stockwatch)

Especially on December 19, one day after a very positive PR issued by ASR, the trading volume was enormous.
This can only be caused by a very large share holder, again ponting in the direction of Pala.

At the same time interval Mr. Vladimir Iorich sold in excess of 17,000,000 shares:

Insider name:	Iorich, Vladimir
Insider's Relationship to Issuer:	3 - 10% Security Holder of Issuer			Indirect Ownership :	Acquisition or disposition in the public market
Ceased to be Insider:	Not applicable			Pala Assets Holdings Limited	Acquisition or disposition in the public market

		Transaction date	Filing date	Common Shares	Exercise price

		12/15/2014	12/19/2014	-209,214	2.45
		12/16/2014	12/19/2014	-25,154	2.36
		12/17/2014	12/19/2014	-47,239	2.30
		12/19/2014	12/19/2014	-605,150	2.27
		1/5/2015	1/9/2015	-21,027	2.50
		1/6/2015	1/9/2015	-51,526	2.78
		1/7/2015	1/9/2015	-53,450	2.76
		1/8/2015	1/9/2015	-21,380	2.59
		1/9/2015	1/13/2015	-101,555	2.65
		1/12/2015	1/13/2015	-160,350	2.97
		1/13/2015	1/16/2015	-49,794	2.85
		1/14/2015	1/16/2015	-70,000	2.90
		1/15/2015	1/16/2015	-250,000	2.90
		1/16/2015	1/16/2015	-75,000	2.90
		1/16/2015	1/20/2015	-60,399	2.75
		12/15/2014	12/19/2014	-1,747,886	2.45
		12/16/2014	12/19/2014	-210,146	2.36
		12/17/2014	12/19/2014	-394,661	2.30
		12/19/2014	12/19/2014	-5,055,750	2.27
		1/5/2015	1/9/2015	-175,673	2.50
		1/6/2015	1/9/2015	-430,474	2.78
		1/7/2015	1/9/2015	-446,550	2.76
		1/8/2015	1/9/2015	-178,620	2.59
		1/9/2015	1/13/2015	-848,445	2.65
		1/12/2015	1/13/2015	-1,339,650	2.97
		1/13/2015	1/16/2015	-416,006	2.85
		1/14/2015	1/16/2015	-630,000	2.90
		1/15/2015	1/16/2015	-2,250,000	2.90
		1/16/2015	1/16/2015	-675,000	2.90
		1/16/2015	1/20/2015	-504,601	2.75

	Totals			-17,104,700

(source Sedi)

Note: this time the stocks are allocated to Pala Assets Holdings Ltd. How those two entities are related is not quite clear. Mr. Iorich seems to be very reclusive according to stories on the internet.

In short it looks to me that both Pala and Mr Iorich are selling their holdings or have already achieved it. For what purpose the selling occurred is not published, It certainly has nothing to do with the prospects of ASR which are very positive in my opinion.

This enormous selling has depressed the stock valule of ASR, but it is remarkable how the stock has kept a fairly steady value, lately approximately $3.00.

No doubt the stock will bounce back to higher levels in line with the other gold stocks.

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