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ASPI calculation

4 posters

Go down  Message [Page 1 of 1]

1ASPI calculation Empty ASPI calculation Wed Jul 23, 2014 2:30 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Guys,

Out of academic Interest, Does ASPI increase with each new listing of companies..?

Because ASPI=Total market capitalizationX100/Base market capitalization

Thanks.

2ASPI calculation Empty Re: ASPI calculation Wed Jul 23, 2014 2:40 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Any new listing will lead to an adjustment in the base market capitalization.
If Lucky yoghurt trades at 6.3 the total market cap on top will get adjusted by that while the base market cap will get adjusted by 6 (which is the IPO price)
ASPI will only increase by the increase/decrease in the listing price compared to the IPO price

3ASPI calculation Empty Re: ASPI calculation Wed Jul 23, 2014 2:53 pm

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Jiggysaurus wrote:Any new listing will lead to an adjustment in the base market capitalization.
If Lucky yoghurt trades at 6.3 the total market cap on top will get adjusted by that while the base market cap will get adjusted by 6 (which is the IPO price)
ASPI will only increase by the increase/decrease in the listing price compared to the IPO price

Thanks. Any idea of how it works in the case of Subdivision / Rights etc..?
What will be the Base price in that case  IPO price / Market price /

4ASPI calculation Empty Re: ASPI calculation Wed Jul 23, 2014 2:53 pm

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics

Jiggysaurus wrote:Any new listing will lead to an adjustment in the base market capitalization.
If Lucky yoghurt trades at 6.3 the total market cap on top will get adjusted by that while the base market cap will get adjusted by 6 (which is the IPO price)
ASPI will only increase by the increase/decrease in the listing price compared to the IPO price

Thanks Jiggy, much appreciated.

5ASPI calculation Empty Re: ASPI calculation Wed Jul 23, 2014 3:02 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Thanks a lot Jiggy. really appreciate.

I also have similar question as stevenapple..

What about rights issues? Rights issues get new capital in to companies and increase the market capitalization of the company. Isn't it?
But this is not really a growth by business activities..
Does rights listing increase ASPI..?

And does ASPI include non voting shares and warrants etc.?

6ASPI calculation Empty Re: ASPI calculation Wed Jul 23, 2014 11:16 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

gamaya wrote:Thanks a lot Jiggy. really appreciate.

I also have similar question as stevenapple..

What about rights issues? Rights issues get new capital in to companies and increase the market capitalization of the company. Isn't it?
But this is not really a growth by business activities..
Does rights listing increase ASPI..?

And does ASPI include non voting shares and warrants etc.?

Rights will be similar to an IPO with the rights issue price being the same as the IPO price and how the rights trade on the first day being the same as how an IPO trades on the first day.
Non voting are included as they are included in the market capitalization.
Warrants trading like JKH.W or crap 13.w are not included in the ASPI but if the warrants get converted then the situ is similar to a rights.

7ASPI calculation Empty Re: ASPI calculation Thu Jul 24, 2014 6:10 am

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Jiggysaurus wrote:
gamaya wrote:Thanks a lot Jiggy. really appreciate.

I also have similar question as stevenapple..

What about rights issues? Rights issues get new capital in to companies and increase the market capitalization of the company. Isn't it?
But this is not really a growth by business activities..
Does rights listing increase ASPI..?

And does ASPI include non voting shares and warrants etc.?

Rights will be similar to an IPO with the rights issue price being the same as the IPO price and how the rights trade on the first day being the same as how an IPO trades on the first day.
Non voting are included as they are included in the market capitalization.
Warrants trading like JKH.W or crap 13.w are not included in the ASPI but if the warrants get converted then the situ is similar to a rights.

Thanks

8ASPI calculation Empty Re: ASPI calculation Thu Jul 24, 2014 9:16 am

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Jiggysaurus wrote:
gamaya wrote:Thanks a lot Jiggy. really appreciate.

I also have similar question as stevenapple..

What about rights issues? Rights issues get new capital in to companies and increase the market capitalization of the company. Isn't it?
But this is not really a growth by business activities..
Does rights listing increase ASPI..?

And does ASPI include non voting shares and warrants etc.?

Rights will be similar to an IPO with the rights issue price being the same as the IPO price and how the rights trade on the first day being the same as how an IPO trades on the first day.
Non voting are included as they are included in the market capitalization.
Warrants trading like JKH.W or crap 13.w are not included in the ASPI but if the warrants get converted then the situ is similar to a rights.

Thank you so much. Clarified totally.

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