Registered:
26/05/11
Seen:
24th Mar
Followers:
33

Comments
6
Articles
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Occupation: Analyst, Market Professional, Private Equity

Interests: Asian Markets, Bonds, Commodities, Derivatives, Economics, Emerging Markets, European Markets, Forex, Funds, Geopolitics, Gold, Hedge Funds, Interest Rates, International Stocks, Oil, Private Equity, Property, Stocks, US Market

About Me:

AJ Sangha is a ACMA and CGMA qualified accountant and has an Associate of Chartered Securities and Investment Institute (ACSI) designation, holding certification in Investment Management (IMC), Islamic Finance (IFQ). AJ also has been awarded level 1 of the prestigious Certified Hedge Fund Professional (CHP) designation.

 

AJ is a specialist in the fields of business planning, capital raising, and new venture development and has solid grounding in commercial business discipline as well as being technically and financially versed with over 10 years of experience having worked both with big US blue chip corporate names as well as ‘Ultra High Net Worth’ individuals. AJ’s experience extends into the appreciation of the “finance raise” mechanism in the listed and private equity arena.

 

AJ Sangha is an active investor and may have financial interests and holdings in any of the topics about which he writes. The views expressed are solely those of Mr Sangha. This material is not intended to provide, and should not be relied upon for, investment advice or recommendations. Readers are urged to seek professional advice before making any investments.



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AJ Sangha's Latest Blogs

Pace Micro Technology (LON:PIC) has seen a spectacular fall from grace from its share price highs due to a combination of not meeting financial result expectations with the City and not being transparent enough about the problems causing these short falls. Pace has dropped from the circa 200p region since the start of the year to a 52 week low of 87p and currently trading…

When such a large scale IPO hits the market, there are some concerns as whether this is a sign of the commodity cycle peaking. The Glencore IPO is the largest since General Motors sold shares in November, and will give Glencore a value of $61 billion if priced at the midpoint of its offer range. There are signs of market over-heating with the IPO demand…



AJ Sangha's Latest Comments

Pace has jumped 10%+ today to circa 116p on the back of H1 financials: Financial Highlights· On track to meet revised May 2011 guidance· Revenues increased 21% to $1,187.1m (six months ended 30 June 2010: $978.2m)· Gross margin 19.0% (six months ended 30 June 2010: 18.6%)· Profit before interest, tax, and amortisation (EBITA) $68.4m, giving return on sales of 5.8% (six months ended 30 June…

Thank you for raising this point- I was referring to a situation should a private equity player get involved then at their strategic decision node the private equity player will have to identify all potential opportunities and to realise the greatest shareholder value possible from their point-of-view.

I agree that Pace can be considered a "High Risk strategy" relative to other stocks but assessed as an independant proposition has limited downside and good upside potential with a significant "market expectation shortfall" discount already priced into the stock. There are 3 fundamental rationale points which supports my view: 1) Pace is currently trading within 15% of its historical trough P/E (excluding 2009 trough…

I enjoyed reading your article. I am surprised that circa 50% of the fund raising book for Vallares is from the US. The level of US investor interest speaks volumes on Tony Hayward being quite respected in the US (even post "Gulf of Mexico" oil spill crisis).

Glencore will have a crucial week this week as its price stabilisation period comes to an end. Morgan Stanley, the stabilisation manager has aided in keeping Glencore shares trading within a narrow band meaning if the price dips, the stabilisation manager can buy back the stake in the open market to support the price. If not, the shares will continue to be traded as normal.…

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