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


Primary Symbol: ASR

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

Comment by woolcoon May 15, 2020 8:29am
168 Views
Post# 31032018

RE:RE:RE:RE:RE:RE:RE:RE:RE:Strange deal

RE:RE:RE:RE:RE:RE:RE:RE:RE:Strange dealYour Math is flawed.

They are paying 2.5B for the Alacer...which is 77% of their total companies value.

The fact that they are paying .33 of an SSR share is meaningless....as the share float size of Alacer and SSR are the same.  That would only matter if the share floats were exactly the same. 

Can't see another coming in to buy at this point.  At least SSR posted some very nice numbers today at profit up 400 percent over last year....and we should see another nice POP in the Alacer share price.  As they rise we rise with them.

SSR is another great company...actually only ranked one behind Alacer for most successful in 2019....the combo is very powerful.  

I have been buying gold companies for many many years....and have been burnt many many times by difficult governments making my asset border line worthless.  In this world turned upside down who knows how desparate Turkey will get to nationalize/heavily tax...as they need the income bad.  They also don't have control of th virus ....they are one of the worst.

Now is the time to likely minimize mine jurisdiction risk...and we just had that done for us...by one of the best operators in the world.

SSR has great mines in great jurisdictions.  I also was dissappointed as everyone would be we did not get a premium.  I do suspect the 15-20 percent runnup the week prior to the deal with a flat gold price was largely due to leakage of a deal coming....so we likely did get that.  


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