Member Info for davethechef

You can now buy, once again for 27.50p(after having been quoted 29p at start of day). To sell 26.25p still. Just twelve days to the end of the year; Amedeo should update the market, if the rig delivery is delayed. A brief RNS to say it's in the process of being transported, or definite delivery date, etc would suffice me. Or indeed I'll be chilled if it's all positive for a month or two wait, but an update should be provided. Entering festive period and market trading volumes are subsequently poor, until early January onwards.

It's misleading, you can buy well within the spread and especially the Ask presently. Now the buy price is similar 27.45p, but the sell is 26.75p. It's all over the place today! But what is sure, is a lot of buys are sells and it's confusing, misleading to those having a quick peek at the trades about 1pm you could buy at 27.45p and sell, higher at 27.50p, much like midday yesterday!!!

As reported on ADVFN, between 10.30-12ish, you could sell higher than you could but at!!! That says, MM's are often seeking stock and the funny trading, sudden drop mid afternoon, looks to me at an attempt to accumulate. Agreed funny goings-on. An example, 3.59pm buy at near 33p when I checked I could buy at 31.25p! Volume pick up is encouraging and shows the wider public, are slowly taking note.

Very tight spread, a short while ago; 31.10p to sell, 31.25p to buy. Latest 25K could well be a buy. Misleading. I'd prefer a slight retrace, as rapid upward curves, without retraces usually end in 'tears'!!!

From izzybear, iii, sums it up nicely, the possible future; 'Thanks Bowood... been looking round the web, and Yangziliang Ship builders are saying, they want to build the best ships in the world, well if the quality of the Le Tourneau rig is as good as they say, then new orders must surely follow, whether it is for ships or rigs. As you so rightly said, 80% of the shares are owned by four investors, leaving around 6 million for private Investors, and with good news expected soon, the MM's will have to push up the price to encourage the private investors to sell. but then the likes of me and you have no intention on selling, as do with others. With plenty of cheap steel available, the yard can build ships and rigs a lot cheaper, and to a higher quality than other shipyards around the world. The reality is, any new orders could push the price to over £1 and beyond,

Nice find Howdlep, should see a BAGGER, on confirmation of Rig delivery RNS, if not tomorrow, by the end of the week. And then 2017 should get interesting!!!

Now it's difficult, once again, to buy even small amounts; just after that one reasonably sized buy. MM's happy to take-on hefty amounts at 24.55p. Just shows how one buy can make the MM's tighten-up.

Well it was approaching this time last December, that the CEO said in that interview(in party-mode, complete with that 'hefty wine-glass' in hand) that Beeston, CEO said criteria is "blue-sky is huge, revenue generating, we've narrowed-it-down to a couple of targets" in the Fintech industry https://www.youtube.com/watch?v=h9VecuNbnYY&feature=youtu.be It's almost a year now, tick-tock, no more BS. Let's see if this Management can deliver. I'm none too pleased with the wait.

Well, Iron Ore prices continue to rocket; $80 a tonne, a doubling in price since December 2015, which should make our MGR Resources interest, a greater revenue. Even though they diversified, over the last year or so, into soft commodities, there has been improved prices, on many commodities, apart from Iron Ore too. Enclosed link to Iron Ore prices. http://www.businessinsider.com.au/iron-ore-likely-to-bust-through-80-as-chinese-futures-surge-2016-12

Howdlep, basically based on previous missed forecasts on delivery date's. Plus recent uncertainty of an oil price recovery/OPEC meeting outcome; it's literally just the last two days oil prices have recovered nicely and now finally look like they might become reasonably attractive sometime in 2017, for offshore drilling, if they continue to rise. RNS of 4 December 2012- delivery expected "second quarter of 2015" RNS of 24 September 2014- " " second half of next year" RNS of 14 June 2016 " " second half of 2016" and last RNS of 22 September 2016 " " by the end of 2016" I'd love to be wrong, but I'm not convinced!

With the historic OPEC meeting today(first agreement to cut oil production, since 2008) and strong indicators that Iran & Russia will co-operate too, oil related stocks, with strong fundamentals', should recover nicely. Without today's agreement, Oil prices were suggested to fall back to possibly, $40 per barrel; but now they are expected to rise to $60 + within months, that hopefully will encourage our customer to finally take delivery of the Rig. Now I feel greater confidence that the transfer & monies owed will transpire in the short-term. However, going by past delays(due to the severe demise for appetite & demand of oil rigs, resulting in the customer wishing to have it delayed, although the Yard has taken advantage of the period to 'show-off' it's high specifications' Rig) I still believe it'll take longer than 'by the end of the year' to materialise. But I've been invested here close to three years & I'm not selling anytime soon! Last couple of days, there's been continued difficulty in getting quotes to buy in quantities greater than 2K of shares! Just shows how few shares are available to purchase. Today's OPEC meeting was significant, and resulted in a 9% rise in crude prices

From BOWOOD on iii, who I'm sure won't mind copied here, his latest post as follows (well respected, and has been invested in AMED for a long time) "Not too sure if another order is the important thing here. When the rig is paid for what will happen to the proceeds of sale. Will AMED sell their share of the yard to their partner and receive a massive return of cash or will the JV retain the yard for further work. Why has AMED not made further investments bearing it has £4m in cash and could easily gear up if need be. How can MRG be scaled? The main investors are well respected in the region and I am sure they will be keen to use AMED more pro actively in the near term. Interesting times ahead and I could well see 50p during the next couple of months as news is released. Still a buy IMO "

Well you can sell reasonably hefty amounts above the Ask now, and as usual, MM's tightening up, as it's difficult to buy 10K & above etc. That 'premium' buy was well above the bid, and may have been from some days ago, possibly from the 23rd when AMED rose on what appeared no trades on that day. If OPEC do indeed finally come to an agreement on cutting back on oil production, from the 30th next week, oil prices will rise substantially; which should at least bring some positivity back to the Offshore/Rig markets, which have been massacred for a couple of years now.

Interesting link posted today https://www.bloomberg.com/news/articles/2016-11-22/london-s-wounded-fintech-scene-finds-unlikely-hero-after-brexit

Goldenegg, anyone's guess re next year's SP!!! I have averaged down some months ago, but I to, have an average a fair bit higher. It all depends on the money made from the Rig sale & what it's invested in, whether we get further orders or if the Yard 'diverts' into other projects or whether Amed 'sell' their 19% interest. Plus whether, as expected, our 49% interest in MGR Resources, improves re:revenue appreciation on greater commodity prices. Hopefully in next few months, we'll have a clearer view.

Can only buy about 1000 shares, just over £220's worth. Otherwise, it's Negotiated Order, and you'll have to pay more than the present Ask I expect. Shares so tight. Plain ridiculous! Just like yesterday too. The MM's need to provide a market here; The MM's continue to be happy to 'take-on' reasonable amounts at 18.70p, as opposed to 21p to buy.

Well I'm of the opinion we'll get an announcement pre-end of year, regardless of rig news. Presently, difficult to buy even 5K of shares, with Halifax, unless NT. Bid & Ask prices now improved just on those two buys.

Presently about 19p to sell & 20.75p to buy. Not possible to buy more than just 10K of shares unless it goes to NT. Although you can sell up to 20K of shares for near 19p Even if we don't et the Rig sale news before the end of the year, we should be getting an RNS as follows; Next Event 31/12/2016. Next year end (to be reported) as this website suggests; http://tools.morningstar.co.uk/uk/stockreport/default.aspx?Site=uk&id=0P00007YR7&LanguageId=en-GB&SecurityToken=0P00007YR7]3]0]E0WWE$$ALL (which has been correct on timings before, give or take a week) This news intrigues me as I get a feeling, we finally might get an announcement on, a varying future for our Offshore yard, which may include going into LNG & Clean Energy Vessels. Ren Yuan Lin Yangzijiang Executive Chairman has muted this over a year ago, for our Offshore yard(which I posted the link here roughly a year ago) and again mentions it again in this August dated web link(look under Outlook) although doesn't mention specifically for our Offshore yard. http://www.nextinsight.biz/index.php/story-archive-mainmenu-60/938-2016/10885-yangzijiang-navigates-nimbly-through-choppy-waters It's difficult times presently, as we all know, and that's reflected in our lowly SP & Mkt Capt but one feels things could get interesting over the next few months. Agreed, Iron Ore prices & commodities in general have risen nicely this year and should have benefited our 49% interest in MGR Resources.

Knicol46, the Primepoint Drilling agreements fell through i believe later that year, especially since Primepoint had increased financial debt. But Amed is undervalued, considering it's % if the yard, the comming rig sale's cash injection, MGR interest, no debt, and present robust cash position vs tiddly market capital.

From the poster on ADVFN a few months ago, who said that the LIME deal was off, by the name of runwaypaul, has today posted on above site 'word from the backstreet boys THE JAM IS BEING SPREAD. Make what you will of that, but I guess it suggests, news may not be far away now, and positive progress continues.