Adamas Finance Asia

http://adamasfinance.com/home TICKER: ADAM     EXCHANGE: AIM

Adamas Finance Asia aims to be the leading London-quoted pan-Asian focused diversified SME investment opportunity. It targets above average income and capital growth, with a stated objective to provide shareholders with unique access to a diversified portfolio with access to high-growth Asian economies.

LATEST REPORTS

 
announces two investment deals in quick succession
Published: Jan 14 2019

Suresh Withana explains why investment manager Harmony Capital has selected PharmaJet and Infinity Capital Group to enter the portfolio of Adamas (LON:ADAMA) in recent weeks. 

NBSuresh will also be presenting at our Private Investor Forum at Buchanan Communications on the evening of Wednesday the 30th of January 2019

Register for the Event here - CLICK HERE 

Venue: 107 Cheapside, London EC2V6DN 
Time: 5pm for a prompt 5:30 start
 
Initial investment in Asian winter tourism
Published: Dec 13 2018

Adamas Finance Asia (“ADAM”) aims to be the leading London-quoted pan-Asian focused diversified SME investment company. It targets above average income and capital growth, with a stated objective to provide shareholders with unique access to a diversified portfolio sourced from high-growth Asian economies.
Their latest investment fits its investment mandate by providing an immediate, attractive income stream, which reaffirms the potential for future dividends, and capital growth over the medium term. Furthermore, the attractive terms agreed confirm the management’s view regarding the acute shortage of traditional sources of finance to many borrowers in its target Asian markets. 
ADAM has agreed to finance the development of a premium residential project in Hirafu Village, located in the Niseko Ski Resort in Hokkaido, Japan, one of the world’s most popular winter travel destinations. It will provide the borrower, Infinity Capital Group Limited (ICG) with a US$4m senior secured loan note, fully secured by other ICG assets in Niseko. The coupon is 17.5% pa, payable in cash with the first tranche drawn imminently according to the Company, and ADAM receives warrants. 
This transaction is a timely reminder of the Investment Manager’s ability to source and execute attractive deals, and its plans to build cash flows to support future dividend payments. 

ADAM shares are currently 48% below end September 2018 (unaudited) NAV/share. We believe that gap discounts any perceived risks and offers attractive potential upside as Harmony Capital further builds ADAM’s portfolio with Asian SMEs.
 
Interview with Investment Manager on unique Asian SME offering
Published: Oct 25 2018

Founder of Investment Manager Harmony capital, Suresh Withana, explains the attractions of the Adamas Finance Asia mandate to gain exposure to Asian SME growth.

A full research note about ADAM has just been published by Equity Development here ... https://www.equitydevelopment.co.uk/edreader/?d=%3D%3DQN5QjM 
 
Unique access to Asian SME growth
Published: Oct 24 2018

Adamas Finance Asia (ADAM) aims to be the leading London-quoted pan-Asian focused diversified SME investment holding vehicle. It targets above average income and capital growth, with a stated objective to provide shareholders with unique access to a diversified portfolio with access to high-growth Asian economies.
Over the last 16 months, its new Investment Manager, Harmony Capital Investors Limited (“Harmony Capital”), has begun to reposition ADAM to address its past underperformance. It has restructured and stabilised its legacy portfolio and built a pipeline of new potential investments which fit with ADAM’s revised investment policy. 
We set out the investment case in this note and how ADAM plans to leverage its competitive positioning to build a portfolio that supports progressive income distributions and capital gains. It has sourced predominantly private opportunities and, subject to securing access to the necessary capital, has a pipeline of income generating assets which fit its new investment strategy. 
Although ADAM is sector agnostic, that pipeline includes potential investments in Internet & Technology, Healthcare & Life Sciences, Property, Industrials, Energy and Resources and Education across Asia. A common theme is likely to be a focus on SME ‘special situations’ which seek growth capital but are unsuitable or too complex for most traditional financing methods available in their local markets.
The recent interims reflected the ongoing transition, disposals of non-core, legacy assets and reinvestment in new income generating assets. ADAM reported a 1.5% increase in consolidated NAV to US$95m (FY17: US$93.6m) and concluded its first new investment since Harmony Capital’s appointment, a US$2m stake in DocDoc Pte. via a convertible bond. 
ADAM’s legacy portfolio has been stabilised and is held at fair value. The shares are currently c.50% below 116c NAV/share at end Sept (unaudited). We believe that discounts any perceived risks and offers attractive potential upside as the investment manager builds growth momentum and credibility over the next 12-18 months.

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