Member Info for no-dice

Tuesday 17 May, 2011. Syndicate Asset Mgt. Completion of EPIC sale For immediate release:Asset Management Plc ("Syndicate", the "Company" or the "Group") Completion of EPIC sale Further to the Company's announcement of 27 April 2011, the Directors of Syndicate Asset Management Plc (AIM: SAM) are pleased to announce that, following receipt of regulatory approval, the sale of its institutional fixed income asset management businesses to Hume Capital LLP has now completed.

On the market research part of the Halifax website it says sams revenue for the period ending march 2009 was 37 million quid. Should be more if there managing 5.5 billion worth assets. Shows theres massive potential but worrying that there not making more and needed a RI.

There was a RI late October last year. The new shares were credited 30th October. 1 new share for every old one for 1.5p. Share price at the time was about 2.65p so it was a pretty good deal. Think they raised 17 million by issuing 647 million new shares but might be wrong. I've sold mine by now but keep an eye on this as there is massive potential but the company doesnt seem to make as much money as you would expect. Just my uneducated view.