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Aberdeen International Inc T.AAB

Alternate Symbol(s):  AABVF

Aberdeen International Inc. (Aberdeen) is a Canada-based global resource investment company and merchant bank. The Company is focused on small capitalization companies in the rare metals and renewable energy sectors. Aberdeen’s primary investment objective is to realize returns by investing in pre-IPO and/or early-stage public resource companies with undeveloped or undervalued quality resources. The Company’s strategy is to optimize the return on its investments over a 24 to 36-month investment time frame. The Company’s investment portfolio consists of nine publicly traded investments and 14 privately held investments. The Company focuses on augmenting its investment strategy with a focus on renewable energies, particularly the hydrogen sector. The Company has investments in industries, such as base metals, lithium/energy, health, precious metals, agriculture, clean energy, and others.


TSX:AAB - Post by User

Bullboard Posts
Comment by foundrymanon Oct 25, 2017 8:28pm
80 Views
Post# 26859548

RE:RE:RE:RE:RE:RE:Break out soon!

RE:RE:RE:RE:RE:RE:Break out soon!Thank you for the kind words, borne2run, and I apologize if my post came across as "preachy." I had a feeling this wasn't your first rodeo, but I always go out of my way to state intent, as lesser-experienced investors tend to over-react both on the upside as well as the downside when it comes to moves in stocks.

One thing I forgot to mention is the fact that the company explicitly stated that they did not know the cause for the SP movements, which IMO would cancel out the possibility that they were buying back shares. The company executing on it's buyback would constitute a material, and (up to the point of the annoucement) undisclosed material event. My guess is if/when the buyback occurs, it'll likely mirror the one they did last year, where the whole amount is purchased with a block exemption. While it's possible they're buying 12,000 shares a day (which I believe is the daily cap), I would think if they're going to move the needle they'll do it all at once.

In so far as the buyback, unless the company is in a blackout for information we're unaware of, I can't see why they would not execute this ASAP. I believe that the fundamentals are sound, the company had $5 million in cash on hand as of July 31, why not utilize it to buyback shares at 20% of NAV? Cash is king in depressed markets, so perhaps they've put that to use somewhere else. If not, I would be critical of the company in this regard, as I have been with the share issuance to Routemaster earlier this year. Had they not issued those shares and completed the buyback this year, we could have been sitting in the 83 million outstanding range, whereas now we'd be closer to the 90 million range. Either way I think we'll see NAV and SP continue to improve, as more investors start to realize the phenomenal latent value in this stock, especially compared to other junior lithium companies and the premiums they currently trade at.
Bullboard Posts