Updates

ASA International - Second forecast upgrade in three months

January 2026

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in ASA, which provides microfinance to female entrepreneurs across Africa, jumped to £2 after an unscheduled update said that both underlying and net profit will exceed consensus expectations. The 2025 full year outlook remains positive with improved business and financial performance, robust client demand and loan portfolio growth. Cavendish has upgraded net profit forecasts by 31% to US$56m (EPS: 43.1 cents) implying year-on-year eps growth north of 60%! For 2026 it has upgraded net profit by 25% to US$62.4m (48 cents). Cavendish’s price target is 335p but this is now a far stronger business. They may have almost doubled since last June’s main write-up, but the shares are still cheap and have the legs for much more. ...

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Informa

Anglo Asia Mining - Shares hit highs even after bidder withdraws

ASA International (December 2025)

ASA International - Spectacular double digit EPS upgrades (November 2025)

ASA International - Could be 2026 recovery stock of the year (October 2025)

ASA International - Microfinance provider enjoys double eps upgrade but PE still just 4.1! (June 2025)

ASA International - International micro finance business on lowly soon-to-be prospective PE of 4.1 (November 2024)

ASA International (November 2019)

ASA International (July 2019)

ASA nternational - Net profit jumps 30% excluding currency headwinds (June 2019)

ASA International (January 2019)

ASA International - Exciting new issue in microfinance market (December 2018)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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