*Normally AAIC june quarter results are lowest.This quarter(06/16) result is 233M profit which is 400% from same quarter last year(53M).
June Sep
2016 233 Guess
2015 52 106
2014 88 192
*AAIC's general insurance is loss making.AAIC's this quarter 233M profit after deducting loss of general insurance 44M.Now this loss making general insurance section disposed.So AAIC's profit going to increase since no more loss from general insurance.
*Now AAIC got 1,266,500,000/= from sale of general insurance sector.Again additional profit are going to come from investment of this money.
SCAP
*It has 60% of AAIC shares.AAIC's profit is going to reflect it's profit.
*EPS (Q) =0.24
EPS (Anul) =0.97
NAV =5.1
Current market price 6
Undervalued
*It's june quarter result are lowest.But this quarter 163M profit increased by almost 400% from last year same quarter(43M)
Also note that AAIC/SCAP this quarter profit increase due to main business of insurance not property valuation or share selling etc.
Above points are open for discussion.
I AM NOT ASKING ANYONE FOR BUYING OR SELLING OF ABOVE SHARES.