LONDON, July 5, 2026, 16:02 (BST)
- ASA International closed at 270p on Friday, gaining 7.14%. The FTSE All-Share added 0.28%. London stayed shut on Sunday as usual, with markets keeping to the Monday-Friday setup.
- About 133,818 shares traded on Friday, about 2.4 times the average volume. That’s just 0.13% of the 100.00 million shares outstanding.
- Shares are now just 7.4% under the lowest analyst target in ASA’s own consensus. The average target points to a 25.4% gain from 270p.
- ASA will report its Q2 2026 business update on July 30 at 7 a.m. UK time.
The London Stock Exchange trades Monday through Friday, 8:00 a.m. to 4:30 p.m. local time. ASA International Group PLC (LON:ASAI) closed out last week at 270.00 GBp and doesn’t see trading resume until Monday. The company’s site listed regulatory news from June 19, June 18, June 9, and June 3.
Friday brought a striking move for the small-cap lender. Fidelity data showed ASAI sitting at a 268p/272p spread late in the session, up 18p, or 7.14%, at 16:51 BST. Shares hit a session peak at 278p, matching the year high. The stock traded down to 250p, putting the intraday swing at 11.2%.
| Friday market read | ASAI | Comparison or calculation |
|---|---|---|
| Shares finished up | +7.14% | FTSE All-Share edged up 0.28% |
| Traded between | 250p-278p | 278p hit this year’s high |
| Past 12 months | 113p-278p | 270p is a 139% jump from the year’s low |
| Turnover | 133,818 shares | 2.4 times the 55,792 average |
| Volume as % of shares in issue | 0.13% | Figure comes from 100.00m total shares |
Liquidity is key for investors. An 18p move on 100.00 million shares means quoted equity value went up about £18 million. But turnover, using the 270p close for the day’s volume, was just around £361,000. That’s almost 50 times less than the mark-to-market gain. It shows small demand can shift the price a lot.
ASA moved into the FTSE All-Share Index following FTSE Russell’s June quarterly review. The company said the rebalance was effective after markets closed on June 19. ASA also said the FTSE All-Share covers eligible London Main Market names and represents 98% of the UK’s investable market cap.
The recent rally has closed much of the gap to the bottom of the range put out by sell-side analysts. ASA’s consensus page shows targets from three public analysts, set between 290p and 370p. ASAI is trading at 270p, which means it’s still below the average target, but now sits much closer to the lowest estimate.
| Institution | Analyst(s) | Target | Rating shown | Upside from 270p |
|---|---|---|---|---|
| Cavendish | Rahim Karim, Jens Ehrenberg | 370p | n/a | 37.0% |
| Investec Bank | Nidhesh Jain | 356p | Buy | 31.9% |
| Keefe, Bruyette & Woods | Hugo Cruz, Ben Maher | 290p | Outperform | 7.4% |
| Average | — | 338.7p | — | 25.4% |
ASA International’s earnings estimates continue to run ahead of where shares trade now. Consensus forecasts collected by the company see reported net profit reaching $56.5 million in 2025, climbing to $70.2 million in 2026 and $80.7 million in 2027. Profit before tax is projected at $103.9 million in 2025, rising to $123.4 million in 2026 and $137.9 million in 2027.
| Reported, USDm | FY 2025 actual | FY 2026 consensus | FY 2027 consensus |
|---|---|---|---|
| Profit before tax | 103.9 | 123.4 | 137.9 |
| Net profit | 56.5 | 70.2 | 80.7 |
| Net profit growth | — | 24.2% | 15.0% |
ASA’s 2025 numbers set a new floor for the stock after a re-rate. Gross loans jumped 33% to $611.0 million. Net profit almost doubled to $56.5 million. PAR>30 came down to 1.8% from 2.2%. CFO Geert Embrechts said the group’s “financial resilience strengthened significantly” this year. ADVFN UK
Q1 numbers showed slower loan growth. Gross outstanding loans ended March 31 at $583.2 million, up 25% on the year but fell 5% from December. Stripping out India, the book came to $576.0 million, 34% higher than a year ago and down 1% from December. PAR>30 edged up to 2.0% from 1.8% at the end of 2025.
| Q1 2026 operating pulse | March 2026 | YoY | From Dec. 2025 |
|---|---|---|---|
| Group gross OLP | $583.2m | up 25% | down 5% |
| Gross OLP excluding India | $576.0m | up 34% | off 1% |
| Clients excluding India | 2.688m | up 12% | up 1% |
| Group PAR>30 | 2.0% | was 2.2% in Mar. 2025 | 1.8% for Dec. 2025 |
| India gross OLP | $7.2m | fell 75% | off 72% |
CEO Rob Keijsers said in the Q1 statement that ASA “delivered solid portfolio performance” with “continued client growth” in main markets. He also said the company made “decisive progress in reshaping and simplifying the Group.”
Looking to the week, traders are watching if the clean market holds above Friday’s 278p high and the 268p/272p bid-offer. Volume staying above the 55,792-share average on Fidelity is also in focus. ASA is next due to give its Q2 2026 business update July 30, then 2026 interim results September 9.
