AP Alternative Assets LP (APLVF)

[Craig305]

This should be trading around $0.26 per share and today it closes just under $0.08.
This never trades near what it is worth.

[Craig305]

Looking at the financial info posted as of end of August, let's evaluate what the current share price should be.

Website for APLVF
http://www.apolloalternativeassets.com/

The investment of APLVF into ATH was $23.5 million. The closing price of ATH was $38.86. This calculates to APLVF having 605,558 shares of stock of ATH.

Take 605,558 shares X $47 (current SP of ATH) = $28,461,226

Divide the $28M by the O/S of APLVF (76,328,950) and you get $.37.

APLVF should be trading around $.37 per share.

[Craig305]

This is so undervalued right now. How so?
APLVF has 76,328,950 outstanding shares per their financials (ignore OTC Markets...has not been updated in years).
APLVF is basically 100% invested in ATH. ATH stock price as Friday closing was $40.28. APLVF has 605,555 shares of ATH.
Take the $24,391,755 valuation and divide by APlVF O/S and the value of APLVF should be $.32/sh and here it sits at $.15

Will be interesting to see what happens in Feb. based on Athene's projected ER results which is supposed to exceed analysts projections.

[Craig305]

Seems Friday buying may have been based on this article about Athene.

Wall Street analysts expect Athene Holding Ltd (NYSE:ATH) to post $1.16 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Athene’s earnings. Athene reported sales of $861.00 million in the same quarter last year, which indicates a positive year over year growth rate of 34.7%. The firm is scheduled to announce its next earnings report on Wednesday, February 20th.

[Craig305]

Does this repurchase agreement benefit APLVF?

http://www.snl.com/Cache/c396041983.html

[Craig305]

News coming?
Who buys $8k worth of this when it has had a huge spread difference and not much positive movement.
Nice to see a tight spread for once.
No go up up & away!!!

[beast1423]

Did your bid go through? You'd be up around 100k percent if I'm not messing up the math.

[elevate333]

A huge 300 share dump at 0001 before any bids posted at the open, I think. Nobody painted before close.

[brojazzy]

Closed down 99% yesterday to .0001?? WOW!! Why didn't I have a bid in down there lol

[elevate333]

Update on Apollo's website as of May 31.
www.apolloalternativeassets.com

[Jay Son]

APLVF up 119% on low volume, filings support a $.40 pps... currently trading @ .11 will move quick with volume.

[brojazzy]

Halted? No bid/ask

[brojazzy]

What a load of crap this was! Hyped and a lot of people fell for it, including myself! I took a hefty loss here, but was able to get out of my 42,000 shares at .11, what a nightmare this was and appears to still be

[saj]

finally some volume

[benchman]

.13 x .15 now. $APLVF

[kingjones]

It will change.

[brojazzy]

66% spread, nothing is going to happen here until that BS changes

[brojazzy]

Guidance, plans for what's ahead, etc

[elevate333]

Not sure what else they can say. Giving the NAV for the units seems pretty straight foward along with all the filings on their web site.

[brojazzy]

The ridiculous spread is what's killing any momentum, it stops the buying and weak hands dump

[brojazzy]

The company needs to speak up

[elevate333]

Yep. Shorts are killing it. Garbage traders.

[brojazzy]

Bloody nightmare this garbage is

[brojazzy]

70% spread, that's a great way to kill any and all momentum

[Slushy]

This is going to around .35 this week. More if people realize we have billionaire CEO behind this stock

[Jay Son]

PPS of .40 minimum with released fins... way undervalued here.

[brojazzy]

ATH just went green!

[Jay Son]

Based on earnings the pps should be in the .40 range.... Market makers holding it down for now but in due time the pps will reflect accurately. Dont miss the bus!

[brojazzy]

Look out....ABOVE!! Time for blast off!

[benchman]

Athene reported better than expected earnings. Hopefully, it sends both ATH and APLVF rocketing this morning. Good luck guys.

[Jay Son]

Looks like some serious after hours buys.... something is good!

[saj]

https://finance.yahoo.com/news/athene-holding-ltd-announce-first-201900798.html

[benchman]

To correct Twitter, the .40 valuation was as of March 31. Athene PPS on March 31 was $47.81.

[brojazzy]

Zzzzzzzzzzzzzzzzzzzzzzzz

[Rip_Van_Winkle]

That’s about right...keep selling into the bid...weak

[Rip_Van_Winkle]

Problem is people where able to fill .15s yesterday and flip at 30...not today because everyone knows what the value is now...

[brojazzy]

Yep, just need Athene to give the goods and spark a reason to buy and we explode

[Rip_Van_Winkle]

Thin to 40

[brojazzy]

Don't sell into the bid, that would be an almost 61% increase, make them buy the ASK

[brojazzy]

Raise those bids and we MOVE :)

[Rip_Van_Winkle]

Agree but based solely on the prior asset and current trading of Athene...we are still wrong here. If FINs come out stronger for Athene (which they should duh retirement assets...) the valuation of APVLF could be even higher.

[MGG2]

Will have to see what ATH financials look like, not sure what time they will release.

[brojazzy]

Looks like the MM's are going to play some games

[Rip_Van_Winkle]

Direct correlation with ATV

[Rip_Van_Winkle]

Yuuup

[MGG2]

40 cent NAV

[Rip_Van_Winkle]

Way under valued

[brojazzy]

Financials were released this morning

http://www.apolloalternativeassets.com/ViewDocument.aspx?f=SIKD_AAA_Earnings_Release_3.31.18.pdf

[benchman]

It does $APLVF

[elevate333]

Financials updated on the website. I think assets and OS show this should be higher.