ASP - Aspermont Limited

Aspermont Limited (ASP) is an Australian media company that provides Business to Business (B2B) information services, across the resource and construction sectors, delivered through print, conferencing and online media channels. ASP also ventured into the consumer market with Business to Consumer (B2C) publications. ASP also provides additional service offerings, including industry specific search engines, archives and directories, tailored editorial facilities and graphic design capability.

http://www.aspermont.com

Since 2015, this is the first posting on ASP is a chilling feel .
On 16th Feb the stock shot up by more than 80 pc.
Today 23 Feb just one week after the stock dived by 42 percent.
For so long there was not a ripple to break the straight line until mid Feb !!!
But the company reportedly has NO DEBT
This is an old research report available on company website, published in Singapore


On 19/2 one director bought the shares @2.2 cents after the announcement was made but then everything became sublime

Could any one watching this stock please share his or her take on this

Regards

Miner said:

Could any one watching this stock please share his or her take on this

Click to expand...

Hi Miner,

I came across ASP purely by accident and if I hadn't been so timid....... was going to enter it in the February Stock pick.
It appears to be a real company doing real things the price rocketing after listing on the Frankfurt Stock exchange on the 18th of January.

Of course the only reason ASP did so well was because I didn't buy it

It will be interesting to see how it ends the month.

All the best
bux

bux2000 said:

Hi Miner,

I came across ASP purely by accident and if I hadn't been so timid....... was going to enter it in the February Stock pick.
It appears to be a real company doing real things the price rocketing after listing on the Frankfurt Stock exchange on the 18th of January.

Of course the only reason ASP did so well was because I didn't buy it

It will be interesting to see how it ends the month.

All the best
bux

Click to expand...

Thanks Bux for the share.
Wishing all the best for your next tips .

Hmmm, it does look interesting despite it being a gappy stock.
Will have to watch it a bit closer.

However, there is something about it which I cannot put my finger on, yet.?
Today's announcement looks good at face value.

ASPERMONT COMPLETES $3M PLACEMENT

 Successful completion of 100 million share placement at 3 cents

 Placement with one new, German, institutional investor

 Placement price agreed at a 329% premium to last capital raise.

 New funds will be used to develop and expand existing organic XaaS and Data models

 Aspermont cash position is now over $7 million and growing

Aspermont Limited (the Company or Aspermont) is pleased to announce that it has successfully raised gross proceeds of $3.0 million through a placement of 100 million new ordinary shares in the Company.

The Placement was completed at a price of 3.0 cents per share which represents a 329% premium to the rights issue price in June 2020.
This placement enabled Aspermont to introduce a new institutional investor to support the business strategy.