written by reader MNCLW is now ASLEW?

By netpsych, January 3, 2021

I see that the warrants you mentioned have almost tripled in value and have a new name and ticker symbol. What are your current thoughts on these? Hang on or take profit?

Len Holmes

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Travis Johnson, Stock Gumshoe
January 4, 2021 9:48 am

I haven’t done anything with them yet, but yes, the merger went through and Monocle Acquisition is now AerSale. I will update my thoughts on Friday. As of the moment, the warrants are trading at a substantial discount to their exercise value, so investors seem to be rushing to take their profits (the warrants are for $11.50 a share, so with ASLE at $14 the warrants should be worth $2.50 plus a time premium for the five year term… keeping in mind the lid provided by the early exercise terms if ASLE hits $18 for a few weeks).

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dude12
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dude12
January 6, 2021 8:12 pm

Travis, I would like to thank you for all the good reads this past year. I really appreciate what you have done for me. I am kinda new to building my portfolio and Gumshoe has helped with that. When I gain as much knowledge as the other members on Gumshoe, I might post something. I would like to thank you and all the contributors on the site learning slowly but getting there. Any advice I will take it and thank you.
Travis it’s a pleasure
DUDE12

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petepietro
Irregular
January 6, 2021 4:18 pm

I purchased MNCLW warrants on a whim on 11/9 for 0.235. Was pleasantly surprised when I found out they had merged and the new symbol was ASLEW and the price had jumped to $2.35 a 900% profit. Sold 1/3 of my position at that point. As of todays close the price is $2.74 a whopping 1066% increase in under 2 months. I am interested to hear your thoughts on where this might go from here.

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Travis Johnson, Stock Gumshoe
January 6, 2021 6:35 pm
Reply to  petepietro

It’s a real company, with an interesting business… I’ll do some valuation work that I can share on Friday. I still hold the warrants.

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timcoahran
Irregular
January 7, 2021 4:04 pm

As my first warrants move, this has been a positive experience. Basically, I bet $50 bucks that I would learn something – and it came true!
Now reading up on how to exercise the new PW rights.

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oldmanegan
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oldmanegan