Aberdeen International Reports Value of Investment Portfolio and Cash of $0.83 Per Share for Second Quarter Ending July 31, 2...
15 Agosto 2012 - 10:21AM
Marketwired Canada
ABERDEEN INTERNATIONAL INC. ("Aberdeen", or the "Company") (TSX:AAB) today
announces that the value of its investment portfolio as at July 31, 2012, the
end of its 2013 second fiscal quarter, was approximately $71.4 million including
a cash balance of $4.1 million. This equates to a value of $0.83 per basic share
outstanding based on Aberdeen's investment portfolio alone, and with the
exception of changes in working capital items and corporate income taxes, should
approximate Aberdeen's Shareholder's Equity.
July 31, 2012 January 31, 2012
Shares outstanding 86,480,139 86,100,139
$ $/Shares $ $/Shares
--------------------------------------------------
Cash on hand 4,073,514 0.05 7,372,118 0.09
Investments
Publicly traded 34,037,369 0.394 51,916,759 0.603
Private 14,170,303 0.164 16,325,377 0.190
Non-trading warrants
Intrinsic value - - 1,915,000 0.022
Option value 758,996 0.009 2,170,214 0.025
--------------------------------------------------
758,996 0.009 4,085,214 0.047
--------------------------------------------------
Portfolio Investments 48,966,668 0.566 72,327,350 0.840
Loans / preferred shares 18,372,584 0.212 3,459,778 0.040
--------------------------------------------------
Total 71,412,766 0.826 83,159,246 0.966
--------------------------------------------------
--------------------------------------------------
July 31, 2011
Shares outstanding 87,582,639
$ $/Shares
-----------------------------
Cash on hand 3,540,370 0.04
Investments
Publicly traded 69,207,035 0.790
Private 18,909,369 0.216
Non-trading warrants
Intrinsic value 2,009,167 0.023
Option value 1,282,321 0.015
-----------------------------
3,291,488 0.038
-----------------------------
Portfolio Investments 91,407,892 1.044
Loans / preferred shares 6,981,688 0.080
-----------------------------
Total 101,929,950 1.164
-----------------------------
-----------------------------
About Aberdeen International Inc:
Aberdeen is a publicly traded global investment and merchant banking company
focused on small cap companies in the resource sector. Aberdeen will seek to
acquire significant equity participation in pre-IPO and/or early stage public
resource companies with undeveloped or undervalued high-quality resources.
Aberdeen will focus on companies that: (i) are in need of managerial, technical
and financial resources to realize their full potential; (ii) are undervalued in
foreign capital markets; and/or (iii) operate in jurisdictions with moderate
local political risk. Aberdeen will seek to provide value-added managerial and
board advisory services to companies. The Corporation's intention will be to
optimize the return on its investment over an 18 to 24 month investment time
frame.
For additional information, please visit our website at
www.aberdeeninternational.ca and follow us on Facebook and Twitter: AberdeenAAB.
Cautionary Note
Except for statements of historical fact contained herein, the information in
this press release constitutes "forward-looking information" within the meaning
of Canadian securities law. Such forward-looking information may be identified
by words such as "plans", "proposes", "estimates", "intends", "expects",
"believes", "may", "will" and include without limitation, statements regarding
the impact of the appointment on Aberdeen; past success as an indicator of
future success; net asset value of the Company; the potential of investee
companies and the appreciation of their share price; the future intentions of
the Company with regard to its shareholdings; the Company's plan of business
operations; and anticipated returns. There can be no assurance that such
statements will prove to be accurate; actual results and future events could
differ materially from such statements. Factors that could cause actual results
to differ materially include, among others, metal prices, competition, financing
risks, acquisition risks, risks inherent in the mining industry, and regulatory
risks. Most of these factors are outside the control of the Company. Investors
are cautioned not to put undue reliance on forward-looking information. Except
as otherwise required by applicable securities statutes or regulation, the
Company expressly disclaims any intent or obligation to update publicly
forward-looking information, whether as a result of new information, future
events or otherwise.
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