Fat Pitch value - Emerging market finance, PE 3.5

Asa International is a company I found when I did the UK small caps A-Z, with a market cap of 95 million GBP

It trades at a PE ratio of 3.6, is growing and is set to pay a 10% dividend at current prices.

Business

The company works in emerging and frontier markets. It borrows mostly to local institutions then issues micro credit to customers.

The returns are…