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but no movement....
Started: muldoon96, 15 Oct 2015 15:49
Last post: muldoon96, 15 Oct 2015 15:49
nm
Started: jollyspeculator, 17 Feb 2015 19:00
Last post: jollyspeculator, 17 Feb 2015 19:00
no...this was what I feared at 12p ...at 8p and with ambr's core business is a weak spot, I am Jolly relaxed
of factory operational very soon...but targets missed in the past by new board additions...when is production break even?
Started: Rhaegar, 17 Feb 2015 13:55
Last post: Rhaegar, 17 Feb 2015 13:55
I read the RNS this morning, and have just been looking through CGM's website. I appreciate the cross-ownership point, but get the impression it's more likely to be the only viable means of CGM achieving the further funding it requires? Quite significant further investment needed, and the company delisted in 2011. No idea of the prospects for a clinker factory in Mozambique, but instinctively it just seems a distraction from their primary business. AMBR will go from strong net cash position to big liabilities, CGM's loan appears to mature later this year, and the repayments will commence.
Started: jollyspeculator, 17 Feb 2015 10:49
Last post: jollyspeculator, 17 Feb 2015 10:49
well done...but do you understand the financial implications of this merger? ...cos it gets rid of the horrid cross ownership and perhaps makes better use of a v strong b/s, I like it (faut de mieux)
Last post: Exptrader, 17 Feb 2015 09:14
Well done all. Ticked up again. Looks like I picked a good one today.
Last post: Exptrader, 17 Feb 2015 08:28
7.92 just paid, nice
Last post: Exptrader, 17 Feb 2015 08:26
Spread tightening now, 7.5-8 always a good sign too
Started: Exptrader, 17 Feb 2015 08:25
Last post: Exptrader, 17 Feb 2015 08:25
Only question is how significant is this. How high could it go? Will it bag today? Gla
Last post: Exptrader, 17 Feb 2015 08:22
Buyers coming in now. The news is being digested
Last post: Exptrader, 17 Feb 2015 08:20
7.5 to sell....very strange. They must want them, but can't see the buyers yet. RNS looks good to me
Moved the ask up already to 8
Last post: Exptrader, 17 Feb 2015 08:03
RNS out
Started: jollyspeculator, 12 Feb 2015 09:56
Last post: jollyspeculator, 12 Feb 2015 09:56
imv/not advice/dyor ...1. earnings negligible, volatile, poor quality ...2. nav useless since how is that value available to us (wind down, t/o?)...despite seemingly active shareholders, the cross shareholding with cgm makes this perfect for management to pursue its own interests (jobs, position, power, bonus) with little more than lip service to dumb money...which a restatement of my previous post
Started: the_shareminator, 12 Feb 2015 01:16
Last post: the_shareminator, 12 Feb 2015 01:16
Have done, but can't see answers to the questions raised, namely 1) how does the market put a value on a stock like this? 2) and what is with the discount to NAV?
Started: jollyspeculator, 11 Feb 2015 15:51
Last post: jollyspeculator, 11 Feb 2015 15:51
er...read my post
Started: the_shareminator, 10 Feb 2015 17:42
Last post: the_shareminator, 10 Feb 2015 17:42
So revenues in first half of $4.25m down 30% to approx $3.2m Does anyone else understand how the market puts a value on this? Presumably via an earnings ratio, but can't understand the disconnect between NAV and current value. Assets under management are quite considerable.
Started: jollyspeculator, 10 Feb 2015 09:40
Last post: jollyspeculator, 10 Feb 2015 09:40
welcome...may be good price ...I haven't sold any (which would be my usual play)...but that is a stubborn refusal to smell the coffee ...a LT recovery (if any): won't be until back end of 2015 that profits are clearer ...and with the substantial cross ownership, a t/o (which would be decent exit from this troubled business) seems almost impossible ...a wind down and liquidation for shareholders would make sense for all but management and staff (so extremely unlikely imv) ...taken private or delisted is a significant risk...as is some "deal" with CGM that leaves shareholders here with uncomfortably low ball offer ...all in all a mess, but my bloodymindedness may foolishly prompt me to double down @2.5p lol
Started: JohnLaw, 10 Feb 2015 09:19
Last post: JohnLaw, 10 Feb 2015 09:19
And the profits warning does not look so bad. Got some in this morning
Started: jollyspeculator, 10 Feb 2015 08:27
Last post: jollyspeculator, 10 Feb 2015 08:27
yuk
Started: jollyspeculator, 13 Jan 2015 13:59
Last post: jollyspeculator, 13 Jan 2015 13:59
yep...the essence of Thatcherism: each for themselves...what is convenient for me, not what is right for the whole/honourable ...unattractive and unsustainable ...one day, folk will look back at these times and shake their heads...how could they have been so daft to allow the worst to prosper at the expense of the many?
PMR - I don't trust management of these companies, or PMR in particular, but think that they can be relied upon to further their own interests wherever possible. I don't think the ME ii seems very active (but may be applied pressure for dividend), but I took interest in WMG's stake. Never heard of WMG, but Telegraph reported: "...WMG, which was founded by veteran investment banker and Cardiff City FC chairman Mehmet Dalman. The shares were sold at 130p apiece and Panmure closed flat at 128p on Tuesday. Given that Mr Dalman, who was formerly chairman of controversial miner ENRC, and Panmure boss Phillip Wale go back a long way, his investment is perhaps unsurprising. In 1998, when Mr Dalman was head of Commerzbank’s investment banking business, he hired Mr Wale and the two worked together at the German group until 2004." Dalman no credibility but seems as though there may be a back scratch? I sold out last year, but think it looks interesting. ...sadly doubt they'd see the irony in it, would probably justify it as 'everyman for himself'...think too many (a) are too entitled to create the genuine meritocracy they purportly want; and (b) have total lack of respect for the faceless private investor, who they see as contributing less to the business than themselves
Started: jollyspeculator, 12 Jan 2015 09:04
Last post: jollyspeculator, 12 Jan 2015 09:04
pmr troubles me (I have small underwater stake)...there are parallels: both have the endemic people first problem inherent in City.. the folk "working" getting almost all the cream...despite the presence of large (?active) investor(s)...btw isn't it fantastically ironic that these folk are almost uniformly Thatcherite and yet are the most pampered workers the World has ever seen and shareholders are not high in the pecking order lol??? Hypocritical or what? ...I see a greater discount here, but may be fooled by "deep value"
Recall you mentioning this back when it was EWR - the shareprice decline closely mirrors the cash decline, no? Seems little interest in underlying business, which is perhaps unsurprising given lack of apparent interest in shareholder value (dividends, buybacks, investments). If you were to go for a people business, would CNKS or PMR not be better options given dividend, mojo and II interest?