The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Likes the auctions
173m cheque coming Rns promised for jan
Miner formerly known as Bumi wins ruling against former director Asia Resources Minerals said it will chase Rosan Roeslani for missing £110m more than a year after he agreed to pay Shares in the mining company formerly known as Bumi more than quadrupled in value on Wednesday after it won a ruling that could lead to the return of $173m (£110.8m) owed by a former executive. Asia Resource Minerals (ARMS), the coal miner that changed its name from Bumi a year ago, said it will now try to enforce the arbitration ruling against Rosan Roeslani, in the latest development of a four-year saga at the embattled firm. The company has been pursuing Mr Roeslani for $201m that was unaccounted for in Berau, a subsidiary of ARMS that he ran until December 2012. He agreed in June 2013 to hand over $173m without admitting wrongdoing, but missed the payment deadline a year ago. ARMS took the dispute to an arbitration tribunal in Singapore, which has now found in the company’s favour. Mr Roeslani could not be reached for comment. ADVERTISEMENT The ruling marks a victory in the firm’s attempts to resolve apparent financial irregularities that prompted it to delay its results twice and suspend its shares for several months in 2013. It also means investors in ARMS - including the financier Nat Rothschild, former chairman Samin Tan and his lenders at Raiffesen Bank - have enjoyed a rare increase in the value of their holdings. Mr Rothschild brought ARMS to the London stock market in 2010 by using a listed cash shell to take over a 29pc stake in PT Bumi along with an 85pc stake in Berau Coal. The firm has been plagued by warring shareholders since the deal, with Mr Rothschild trying unsuccessfully to replace the entire board in February 2013. PT Bumi was bought back by Indonesia's Bakrie family in March, leaving ARMS to focus on Berau, after a tortuous corporate divorce that took almost two years and resulted in both sides fling insults and lawsuits. ARMS’ shares floated at £10 in 2010. Until Wednesday’s surge, the shares had been changing hands for less than 5p each. “The company will seek to enforce the arbitration award by all available means against Mr Roeslani, and will update on its progress in this regard as soon as practicable in January 2015,” it said in a statement. Raiffesen Bank is the company’s largest shareholder, holding 23.8pc of the firm. The Austrian lender took control of some of Mr Tan’s shares in October when he failed to comply with the terms of a loan used to raise his stake during the divorce from the Bakries. ARMS has $450m-worth of bonds maturing next July. It is working with advisors from Houlihan Lokey to plot out a new capital structure, which could include issuing new shares. http://www.telegraph.co.uk/finance/newsbysector/industry/mining/11319084/Miner-formerly-known-as-Bumi-wins-ruling-against-former-director.html
Oh ok lol no probs mate cheers
I've no idea who you are how on earth would I know stockready. Right?!
Come on inter lol.
Stockready? Is that code? What you talking about.
He was teasimg. The expectation on arms is catalysed by the 173m news it will update the market on this month. Let's see how it pans out. The sp consolidated as expected on Friday but the news and expectation is still great so the sp should still move fresh.
Besides the point. Most on here trade Aim and arms is accessible to them. Thanks though lol
The company has potential and it will be traded up and down this is what makes the sp fluctuate. Surely you don't think a solo poster creates this movement with his own single holding do you. Of course you don't you've been doing what you do for years. You have admitted you are a shorter and your Posting history has you short stamped all over it. I buy and sell and you short. If I sell I don't deramp. Are you telling us you have no interest here? All you have done is post on here ALLLLLL weekend. Come on play fair let the sp move with the news as anticipated, stop trying to dampen spirits. Good luck to all genuines eh !
I'm onto the head working getting pumped in here for sure.
Lol benny yes it didn't take much for back up to arrive all of a sudden did it. Transparent I hear you ask? Oh yes absolutely! Quite an interesting sum 173m isn't it especially for a company currently valued at 42m. Remember 3 months ago this was trading at 60p and 6 months ago £2 per share. This is a strong buy and, cards on the table everybody knows it. Big money and big sp % rise potential involved here which is evident from the incessant interest from certain apparently uninvested uninterested faces. Aim loves news and loves short term quick rises. If arms has stated that this month it will be giving an update on the 173m coming to it then this is a buy in Aim terms and we all know it. Who cares about 6 months down the line you can and will be in and out numerous times during that period. And yes all the incessant Postimg will be forgotten about by then. Right now January is the month that matters and January there will be 173m cash related Rns's announced by Arms as stated in the last Rns. These are the facts and a fact this is a buy on Aim !
Lots of organised crews work these boards and back each other up if push comes to shove. Remember they are here for a reason and it's not for your health. They are very organised and experienced at this on line poker game called Aim. Isn't that right (you know who you are) guys !! The mere fact they are posting here incessantly is because they see something they want and they don't want you to have it. 173m coming to arms and there is nothing you can do about it, get over it !
I'll pick a share im not interested in for the next weekend and post all weekend about it. Saying that, I'm not in a crew for back up ! ;) 173m coming to arms get over it !!
It's nice to know you keep in mind the FCA when you post as you are a professional journalist. Also nice to know you are aware your posting can influence share movement. Also nice to know from your posts that posting does not influence share movement but it is also interesting that you think rampers can influence the share price movement. Confused, you will be. Posting All Weekend on a share you have absolutely no interest in and of course you are not interested in manipulating buy or sell decisions of others at all. You want everyone to sell and potential buyers to hold tight. You fear the market will fancy 173m coming to Arms and see it a worthy gamble. The cap is tiny here and august is a long way off. A long long way off. Arms have stated 173m is coming from Roselani whether he likes it or not and they have stipulated news on it this month. If the market thinks it sees a profit here then it will jump on board so if that is the case then let it be and stop trying to manipulate for your own good.
And yes Gary is at it again posting on a share he has absolutely no interest in. How peculiar. How very very peculiar !!! Absolutely no interst in. None whatsoever. Absolutely none !!! Nope none !!! Tried and tested methods hey Gary. Good old honest manipulation hey ! I know journalists who don't deal in shares and therefore do not post on a public share BB but I'm sure they could write an article and Probably do write articles on companies that you could buy shares in. You however are a journalist by profession who does not know anybody apart from yourself that deals in shares and you Constantly post all weekend in a share you have absolutely no interst in. You openly admit to being a shorter and you constantly pose a negative tilt on a share you are not interested in and you post incessantly all weekend on its public BB. And you have the Gaul to accuse rampers of trying to manipulate a share for their own benefit. You may have been doing this for a long time but your motives are obvious. You don't even sound like a normal average guy so how do you expect to connect with the ones you are attempting to manipulate. All weekend on a share you Have absolutely no interst in whatsoever !!!! Would you believe it my kid has just pointed out another Pegasus flying past the window. Amazing !
Ditto. Now if you don't mind I'm going back to living a life. Please don't spend the rest of the weekend posting on a share you have absolutely no interst in. You have stated you are a professional so you obviously have your tried and tested methods of manipulation and arms has your full attention this weekend we can all see this. Now i have a family and kids to concentrate my efforts on. Good day.
The usual pseudo support coming in for you I see, same on every board you work on. Don't you think people see through your constant trash. Don't accuse others of ramping when you do the exact opposite which only benefits you. You are no better. Crying I only post facts then use the same old patter and methods of crawling through random poters history in the hope of keeping a straight poker face. Come on just looking at your constant posts this whole weekend on a share you have no interst in tells the story. Absolutely no interst in whatsoever but you have posted/worked here all weekend day and night!! YEAH. Ooh look another Pegasus !!
Go research a share you will make on then or are you not interested in making profit. Oh sorry I forgot you openly state you are a shorter and then proceed to say you have no interest in a share you spend your whole weekend posting on with a certain negative tilt. Plus another tactic of the shorter of course ladies and gents is to provoke argumemts and inply they are all rampers posting false info such as L2 false info. Gary has been doing this for a long long time haven't you Gary he knows exactly what he is trying to achieve. And rest assured he is out to lose holders money or trap them whilst he makes. And his incessant posting is all part of the plan so why does he post "why do rampers think posting will influence the sp". Why even post this and then follow up with a wad of negativity about a company he has no interest in. Busted Gary give it up. When you are in you stop posting. You only show up with negativety when you are out awaiting your next move. When you are in you Let the rampers take the lead and once you have your fill you sell then start posting with your honed neutral but ever so slightly but consistent negativety. All weekend in a share you have no interest in. Yeah right !!! If I research a share and don't like it I tend to move on somewhere else I don't hang around all weekend posting negative carp on it. Maybe you are the only one who does this or maybe you think you are under the radar and people can't see your motives. All weekend and you have no interst. Constant posting. Is this your research/efforts to manipulate. Are you a bit panicked the sp may rise, will this lose you money. Do you think you come across as honest. You've been doing this for a long time haven't you and you openly admit to being a shorter !
You did not mention it was an article you found from March when you posted it so don't accuse me of hiding something. You posted the article in response to verifying the veracity of facts you provided saying the telegraph usually has it spot on. Therefore the article has not been manipulated my me but you are hinting it has. So are you saying it is ok for you to post an article but it's not ok for somebody else to post the same article without you putting a negative slant on it. No surprise there then is there....here's the article that Gary said was spot on for anyone interested.... http://www.telegraph.co.uk/finance/newsbysector/industry/mining/10676820/Breakthrough-in-pursuit-of-former-Bumi-directors-assets.html Note the article states assets under scrutiny. Anyone who has ever been involved in a court case will know between March and now is not a long time and the update from arms was informing us to expect an update in January. Ping ! January is here ...!