At the current $0.90 per share ($490m), AHY is down from its height of $2.33 ($1.28B) just a couple odd years ago.

With AllanGray - one of Australias rising contrarian fund managers - increasing their holdings from the initial $40m for 5.09% at $1.47ps entry to 16.18% by early 2019, averaging down to $1.11.

Is Asaleo Care a bargain waiting to pop or am I going to make an azz out of myself telling highly paid professionals theyre wasting their clients $97m?
 
btw...
As standard in each investment profile, DangInvestor structured the steps, work out the key financial metrics from the companys financial statements. i.e we roll our own stuff here.
Use Live and Interactive features to further build your research on.

Extras...
Besides the annual reports, share price files attached. I also include a brief background discussion on AHY. Pointing to key charts and metrics I found important to the understanding of Asaleo.

Below outline the discussion.

Table of Contents

OVERVIEW                                                                                                   2

PRICE | VALUE                                                                                            2      
       Current Price vs Value
       A Guess: How the market might be pricing it.
       Management Too Optimistic?
       Enter Allan Gray

FINANCIAL POSITION                                                                                6
       Contributed Equity | Retained Earnings | Dividends 
       Debt & Financing Capacity 
       Capital Structure and the $100M Buy‐Back
       Becoming HomeBrand

FINANCIAL PERFORMANCE                                                                      11
       Sales vs Inventory
       Sales is Coming. Receivables a bit later
       Returns and Margins Decline

Thanks for your support.
Luu