Asset Manager Investing in Global Technology Sector

We're an asset manager allocating 100% of our capital into public companies and cryptocurrency assets driving disruptive innovation globally. We serve as a family office of an Asia-based HNW family whose key members have made their fortune in the technology industry and are believers in technology as the key enabler of disruptive innovation. We seek to continue the family's legacy in creating and preserving wealth through technology investing.

Our small investment team is made up of diverse professionals who researches, identifies, and executes relevant opportunities. While we are not accepting outside clients and investors at the moment, we occasionally share some of our internal investment memos, market commentaries, and analysis here.

Wednesday, June 17, 2020

Q2.2020 - Asure Software: Bracing For More Impact

  • COVID-19 has hit the business hard given the company's focus on SMBs. We expect no growth for the rest of 2020.
  • We expect any potential M&A, by which the management expects to deliver an additional 10% growth in 2020, to be put on hold.
  • The long-term issue regarding weak positioning remains.

We will remain neutral on Asure Software (ASUR), considering the current pandemic-related headwinds that have severely impacted its business and its SMBs client base. The stock is down ~24% from last December when we published our first coverage on the stock. Back then, we discussed our view of the company’s limited upside potential despite the shift to pure HCM SaaS business. Today, we still hold the same view of the outlook, which is even worsened by the COVID-19.

Read the original article here

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