Looks like something up with this company. They just annoucement a placement of 34.4 million shares at S$0.16198 per placement share.
Commentary from half year results:
The Company has obtained the approval of the Monetary Authority of Singapore for it’s wholly owned subsidiary to operate as a Registered Fund Management Company. The Group is continuing to build it’s fund management business and has, as an indicative trend, improved it’s revenue from the fund management business for the first six months of FY2013 as compared to it’s revenue for the first six months of FY2012.
The Group continues to operate in a challenging environment arising from the current continued uncertain global economic condition. The Group shall also focus on continuing to strike strategic alliances with strong global partners in the alternative space, bringing us closer to realising our near term mission to be the niche resource investment advisors and fund manager within the region and continue to build and expand our assets under management within the Group’s portfolio. In line with the expansion of the Group’s fund management business, the Group expects to incur higher costs in professional and consultancy fees as well as compliance costs that are necessarily incurred in the course of building the fund management business.
I don't why it exploded, could be due to placement.
The half year results announced on Aug 15 seems good, from loss to profit. (30/06/2012: -$135,221 compared to 30/06/2013: $3,178,801)
Also you may find the companies in the recent investment successes familiar if you have follow liongold, blumont.
From its website:
Profile:
ISR Capital Limited (“ISR”), formerly known as Asiasons WFG Financial Ltd, was established in June 2000. The Company changed its name to ISR Capital Limited in December 2012 , reflecting an independence from Asiasons Capital Limited, as well as to stamp a mark on its new strategic business direction. ISR exited the corporate finance advisory services and securities dealing it have long been associated with, to focus on direct principal investments and fund management.
ISR is in the business of investment, investment advisory, and fund management, focusing in the natural resource space, as well as selectively participating in non-resource projects which show compelling growth prospects, by way of either direct or indirect investments. Our vision is to be the investment solutions provider and partner of choice in Singapore and the Pan Asia region.
Recent Investment success:
1)NV Multi Asia Sdn Bhd
The exit valuation of the investment over its entry level represented a 97% return on investment over a 2 year period.
ISR, as one of the cornerstone investors, participated in the privatization exercise which used leverage financing and debt refinancing in a deal worth RM300.0 million. Funding allowed development of the business from strengthening marketing programs and enhancing the brand image, to initiating expansion plans across Asia.
2)Chaswood Resources Holdings Limited
The exit valuation of the investment over its entry level over a 2 year investment period gives a 266% return on investment.
Our funding enabled Chaswood Resources Holdings Limited to expand its brands under management by obtaining franchise rights to a Japanese brand and launching new brand concepts. It also allowed the group to develop marketing programs for new brands under its portfolio and increase the number of operating outlets. Profitability was also enhanced by geographical expansion into Thailand and Indonesia, and improving margins through a centralized supply procurement system.
3)CNMC Goldmine Holdings Ltd
Exit valuation of the investment over its entry level represented a 1,465% return during the 4 year investment period.
ISR was an early stage shareholder of CNMC Goldmine Holdings Ltd, and played the role of fundraising advisor and placement agent for the company’s initial public offering in October 2011, to become the first gold mining company listed on the Singapore Exchange Securities Trading Limited.
4)Signature Metals Limited
Exit valuation of its investments over the entry level price represented a return on investment of over 60% during the 2 year investment period.
ISR provided equity financing in its role as lead investor for Signature Metals Limited ("Signature Metals") for gold mining and exploration of resources estimated to be worth USD2.5 billion. Leveraging ISR's business network, Signature Metals reconstituted its Board, appointed new technical advisors, and enhanced its corporate governance and internal controls.
In March 2012, Singapore Exchange Securities Trading Limited listed LionGold Corp Ltd (“LionGold”) acquired a 76.22% stake in Signature Metals, and LionGold provided further funding and technical expertise for Signature Metal’s ongoing exploration and mining efforts.
5)Hudson Minerals Holdings Pte Ltd
Partial realization of the investment over a 2 year investment period has already yielded a 48% return on investment.
