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This share price is it quoted in pence or pounds?
Bit disappointing to see that the price has slipped a bit after relisting (and dilution) but I still think this could be a very good long term play.
Bob is back in town and once again his shares are trading... SOMETHING IS BREWING....
BLOOMBERG 14th May: Atlas Mara Co-Nvest Ltd. (ATMA), the investment firm backed by former Barclays Plc (BARC) Chief Executive Officer Robert Diamond, disclosed plans for a share sale that would raise about $400 million for future acquisitions. The company will sell 36.5 million shares for $11 apiece to investors, Atlas Mara said in a statement yesterday. =========== Dilution. More capital. Good or bad for those of us who reckon Diamond should be the man to make money out of African banking? I have no idea, but on balance if it means the pace is hotting up, then that is surely good.
mpg1, trading is currently suspended on ATMA. Has been since 01/04/14. There's a temporary suspension notice on their website.
Will the shares become available to buy?
the Bloomberg take on it.http://www.bloomberg.com/news/2014-04-01/bob-diamond-s-atlas-mara-to-buy-bancabc-in-first-africa-purchase.html
diamond?if anyone can do it,he can,http://mg.co.za/article/2014-04-01-bob-diamonds-atlas-mara-buys-bank-in-1st-africa-purchase
big spread just over 4%
Ex-Barclays boss Bob Diamond targeting African finance firm By DAILY MAIL REPORTER PUBLISHED: 22:25, 22 December 2013 | UPDATED: 22:25, 22 December 2013 2 View comments City comeback: Bob Diamond City comeback: Bob Diamond Controversial former Barclays supremo Bob Diamond is mulling a bid for an African financial services company part-owned by oil trading giant Trafigura. Diamond has made a comeback to the London stock market with the £238million float last week of his vehicle Atlas Mara, which he wants to use to set up banking operations in Africa. And his first target could be African Development Corporation, a £67million company listed on the Frankfurt stock market, according to weekend press reports. Diamond left Barclays last year in the wake of the Libor interest rate rigging scandal that resulted in a heavy fine for the bank from UK and US regulators. More... High Street banks plan to beat Brussels bonus cap for highly-paid staff He has teamed up with 32-year-old Ashish Thakkar, the head of the Mara Group conglomerate that operates across 19 African countries. The pair are personally investing $20million each in their new venture. Read more: http://www.dailymail.co.uk/money/markets/article-2528060/Ex-Barclays-boss-Bob-Diamond-targeting-African-finance-firm.html#ixzz2oI3KFNXn Follow us: @MailOnline on Twitter | DailyMail on Facebook
Atlas Mara Co-Nvest Raises $325 Mln Through IPO In London 12/17/2013 6:26 AM ET Atlas Mara Co-Nvest Limited, which was formed by former Barclays Plc. (BCS: Quote,BARC.L) Chief Executive Bob Diamond and Mara Group Holdings' Chief Executive Ashish Thakkar, said that it raised gross proceeds of $325 million through Initial Public Offering in London. The gross proceeds included the founders' investment of $20 million. Atlas Mara said it has been formed to undertake an acquisition of a target company or business. The Company's efforts in identifying a prospective target company or business will not be limited to a particular industry or geographic region. However, given the experience of the Company's founders and its board, the Company expects to focus on acquiring a company or business in the financial services sector with all or a substantial portion of its operations in Africa. "The Directors believe that there are significant gaps in the market today including the need for capital created by European financial institutions retreating to their home territories due to the sovereign debt crisis and the Basel III regulatory framework at a critical time for growth in Africa," the company said. Conditional dealings were expected to commence at 8.00 a.m. today under the ticker symbols "ATMA" in respect of the Ordinary Shares and "ATMW" in respect of the Warrants, and it is expected that admission to a Standard Listing on the Official List of the FCA will become effective and unconditional dealings in the Ordinary Shares and the Warrants on the London Stock Exchange's main market for listed securities will commence at 8.00 a.m. on 20 December 2013. Bob Diamond resigned as Barclays' chief executive in July last year after the bank had agreed to pay 290 million pounds to US and UK regulators to settle allegations that the company's employees tried to manipulate key global benchmark interest rates.
This link... http://www.theguardian.com/business/2013/dec/17/bob-diamond-invest-african-banks-atlas-mara
Anything with Bob Diamond turns into a success:)
Interesting but between the lines a non story in the Sunday Times with the re-emergence of Bob Diamond. So why is it on the front page of their Business section? One to watch... maybe. I'm in fastjet and anything to do with Africa is a huge gamble and only for the brave.