Tuck-away in bottom draw!10 Apr 2016 18:45
Especially with the exponential growth of India’s need for oil & raw materials(possibly overtaking China’s rate of growth) in the next several years, there will be an increasing need, once again, for rigs/oil exploration, and transportation on seas of oil/raw materials requiring container ships etc.
Glen Lau, as a former Chairman of PPL Shipyards, has huge experience & global contacts; although we’ve seen a disappointing downturn in demand, I believe, this can only, return/recover, in time. If you look back at the last few Proactiveinvestors.com articles, insights into AMED’s goal.
The recent year’s of downturn, has however meant that the main competitors to YZJ Offshore Engineering, i.e, other ship/rig &offshore yards have suffered badly, are hugely in debt, and indeed some have or are likely to shut down, altogether(as an example, PPL Shipyards & Paragon Shipping.
Recent article on Paragon Shipping’s misfortunes
. hxxp://splash247.com/paragon-shipping-sells-off-entire-fleet-cancels-ultramax-and-delays-three-kamsarmaxes/
However, our JV Partner continues to grow from strength to strength.
hxxp://www.nextinsight.biz/index.php/story-archive-mainmenu-60/927-2015/10190-yangzijiang-defies-headwinds-to-grow-capacity-orders-and-output
And a link re our Jack-up Rig & JV Partner
hxxp://www.yzjship.com/en/product_show.asp?cid=30
You’ve got to look at the bigger picture here, AMED are supported not only by aforementioned Yangzijiang Shipbuilding, but by a number of multi-million £ capt global based companies, notably, QIC, hxxp://www.qatarinvcorp.com/
AMED are debt-free, have over $3Million in cash, regular yearly income from their 50% holding in MGR Resoucers, which should see recovery in fortunes, going forward with iron ore prices & raw materials in, increasing demand. QIC’s involvement with MGR
hxxp://www.qatarinvcorp.com/other-investments/
As far as I can see AMED’s yearly expenditure, is roughly about £400K(4 employees only) countered somewhat by their MGR revenue. AMED’s expenditure, includes, Glen Lau’s salary of £85K & Mr Zafarullah Karim £55K. They are incentivised by their £1 share-price target options.
That’s enough for me & links; my advice, attractive, though speculative, at present share price & market capt, one to Tuck away in bottom draw!
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