Member Info for HotSherbert

Spread had come down to 46-47, drifting again 42-47. Still cautious!

offer price dropped to 52p. Appears to have more buyers than sellers. See what happens this afternoon!

tell me nothing as I do not have any sources. Thought it appropriate to sit on the fence as we have positive/negative and now "dont know"! with you SmartPhreak on this one! Tidy profit last time, just hope it drops to 25p. GL to all holders!

Some sells early on, offer down to 63p.

http://www.marketwatch.com/news/story/story.aspx?guid=%7B50CE8D91%2D43F7%2D4BE7%2DB22D%2D3C3755BDEA7F%7D&siteid=rss

Like you salamander I was tempted yesterday but was glad I decided to wait, still not sure! Offer price dipped to 60p this morning but backup to 65p now. I think I will side with caution and watch, after all, it costs nothing!

The effect of this action will be to close the affected funds to redemptions for the period, thereby ensuring that all investors in the funds are treated equally. The management fee will remain in place and some adjustment to the performance fee structure will be proposed. The Company is confident that the orderly liquidation of the illiquid positions in the foregoing manner will maximise realisation to fund investors. The Company has held discussions with large fund investors, who have indicated their preliminary support for the proposal.

As a result of the foregoing, the Board is intending to implement, subject to investor approval, a restructuring of the equity funds to create a "side pocket" share class structure. The illiquid positions would be transferred into separate portfolios to which newly issued side pocket shares will relate. Following the restructuring, fund investors will hold two classes of shares in each of the funds, the first tracking the funds' liquid portfolio and the other the illiquid portfolio. The funds' liquid portfolios would continue to be traded in the normal course using current NAV calculation methodology, whilst the illiquid portfolio would be re-priced following extensive due diligence with the assistance of independent outside advisors. The funds' illiquid portfolios would be managed with a view to orderly realisation. As part of this proposed restructuring, the equity funds would seek a 12 month lock-in from all investors.

A lot of unknowns in this company at present which is why the SP is so low. The majority of people invested in the company funds(not shares) due to Homms reputation, now he's gone the confidence has been lost! IMHO It may take some time but I would have thought a recovery would follow. The following message is taken from this mornings RNS:

Floriam Homm has left under a rather big cloud, Im no expert but it would appear they do not know the value of there investment funds. Investors are trying to get there money out and ACMH do not know the true value. Im guessing this may take some time to establish the value of the investment funds. Can anybody else provide some light here?

The sp moved in a positive direction based on expectant positive news, that news has not arrived yet! Take this opportunity as a time to top up ones holding, after all, bad news has not been announced. Waiting patiently ...

Homm said he hopes his departure 'will force management to realise that its most important assets are its highly skilled investment professionals.' Homm said: 'My dedication to ACMH's investors is such that, I donated 5 mln shares of ACMH, worth approximately 33 mln to the funds last month... in order to help investors ride out the instability in the markets. As a result of my actions, those funds ended up positive or neutral for the month.' Homm said he also chose to forego his bonus for 2007 'with the intention to share it with the many investment professionals at ACMH.' He said that he now hopes the board 'will grant [the investment professionals] the freedom to make their decisions and carry on my legacy of returning superior performance to investors and shareholders alike.' In his letter Homm wrote further: 'It is apparent that I share a different investment and management philosophy from the current and prior management of ACMH. Therefore, I have decided that it is time that I left the company I founded to focus on other pursuits.' He said his resignation is effective from tomorrow and added that it is not his intention to start another fund 'or compete with ACMH.'

finals out on Monday

dasv and Davius have provided a very good long term view of this share but friday was an exceptional day. Having researched the company a few weeks ago and decided not to invest. I saw it as a day trade with some upside and a tidy profit. I was lucky, spotted early and delved in, for me it came up trumps. Would I dip back in again? Indicators do not look good BUT Never say Never!

Did you buy today?

Any discounts for users of this website?

has taken delivery of its third aircraft, a Boeing 767-200. The aircraft has been owned, operated and maintained by Thomsonfly, formerly Britannia Airways, since delivery from new.

BF07 I hope your estimate is right, I shall keep a close eye over the next month. GL!

in Telegraph last week I think? read something about one of the major airlines might be interested if they get a heathrow slot. read to much last weekend to be sure but bought some yesterday for long term.

Uranium has dropped in price over the last couple of months! have we hit the bottom or do I use the great buffets approach to stock "buy when everybody else has sold and wait" oh what to do????