Member Info for oldstockbroker

NAV at 14.7 up a few % on my estimate. Looking at propsed deal if shareholders take Cash for Magna would be equal to 9.6p, leaving PEBI with £2.12m in other investments- and shareholders would own shares based on current holding less whatever taken out in Magna cash. I think !

I am not aware of any short term funding issue. I believe that the development of the assets is under control- but we will have to wait and see I guess. 30p as you say would be a steal. Charles

Looked at 30/09/2014 stated assets. After taking into account Xchange rate I reckon NAV is slightly down at 14.18 p. Magna performed ok , but exchange rate has moved and overall gain is down( $ 0.6167 to 0.63). Plethora is down from 8 to 6 p, Summit from 155 to 122. Assumed the unquoted and others have not moved but we could have a small fall in them so assume NAV is 13.90. Disappointing performance over the last year when we hit the heady peaks of 19p. However from what I read of last RNS we will be getting cash back at NAV and looks like a good punt for an arbritage- something I used to do in the 1980's- buy at 11 ish on a drop and a nice little 26% return over a few months...not sure when we can cash in though and looks like not getting units now-so nothing to sell. All assumes my figures are correct and the buy back happens within 2 months. I am considering a further short term investment based on my sums, but please do your own checks. I have been in this for a some time bought at 8p, sold half at the top price ,kept the rest so in for nothing. Charles

And me- and said it was cheaper producing in house than buying which I thinks sums them up- they do care about us small PI shareholders, but keeping costs down. If only other companies bothered with these small details and had a management who care about their investors !! Lets hope for a good year 2015.

Got into this 18 months ago or so at slightly lower. Just doubled my holding,so in at a slightly higher average price.Have posted notes in the past re visit to the company and nothing has changed- this is in my opinion one of the best managed companies (in any sector) and have good communication. the directors have a reasonable share holding-one should remember they are employed not the founders. The Gold price has depressed the price, but does not reflect that AMA have a low production cost and whilst they may not have the funds to fully develop must be one of the prime take-over canditates in the small mining sector- as per my last post. Pretty straightforward- huge potential reserves- I would estimate at around 45-60p per share, obviously getting reserves out is the concern- but costs are so low relative to many in the sector would seem a no brainer for some of the producers to acquire. Always happens when a explorer finds a good reserve and moves into producer-the market gets confused. I am pretty sure a merger/take-over will take place or a funding deal will be put in place to develop these reserves. Funding can take many forms- so could be anything from interest to interest plus a %. Not sure what management are looking at, but I have total faith that they will come up with a solution for the benefit of all shareholders. That is why I invest in AMA- they do seem to really care about creating shareholder value.

A Couple of £80 trades this nonth look like either a buy back or some-one who understands that this is trading a silly discount to NAV.

Been away for a while- but surprised that still trading at a discount to NAV. Has anyone got the latest portfolio- would like to run a quick calculation to check, but looks like a discount of 27% and will be cash in a few months at NAV.

A year ago I was pretty bullish on this stock-all the research I did looked positive.Got it wrong big time, could have sold out for a profit but did think all was good,I have now washed my hands of this, sold half at a large loss and will keep the rest in hope. I am really confused as to why share price is so low.

Spoke to some-one in the industry over the week-end- Bricks still in demand and stock levels still low in UK. Cannot see why the share price has dropped, but remain a medium term holder.

I only bought into this as a Take-over prospect-but that was 18 months ago. Given the poor performance I would assume slide-rules are being run over it again- well in the price zone for a company with vision and strong management to make a move.

Done some research. Nothing wrong at Amara- just suffering like others due gold price. Big share trade was an accumulation of the brokers handling the disposal of a shareholding-been on the cards for a long time and I think I posted about this some time ago. More interestingly a fund manager in Zurich, Florian Siegfried, tipped Amara as a prime takeover target in an interview he did that was published yesterday, which should offer a decent premium to the current share price should it happen: http://www.theaureport.com/pub/na/florian-siegfried-seeking-less-risky-business-in-mining-m-a. Worth reading and supports why I continue with Amara- good quality reserves at a low production cost. Charles

With last NAV at £3.06 and buy backs still happening, the discount to NAV is too large. For a top performing Asset based company the NAV should be aroung 10% max (look at the Investment Trust market average discount). HK is obvioulsy unsettled at we have seen volatility in many share prices, but MPO in my opinion is a well managed business with a good portfolio of quality assets. . The share price should be at least £2.70 and I personally feel should be nearer NAV. Share buy backs for the information for new investor increase NAV ( Assets divided by shares in issue). Charles

Hi Michael, I am still alive- at my age a good question to ask if I am still with us!!. I have been really busy with business- bad for portfolio as totally taken eye off. Going to do some digging into this- I am totally bemused at current share price as it would seem directors since I see they purchased. Am going to spend some time looking at the various holdings I have over the next couple of weeks- though another busy work week ahead with . The good news is since by business is very dependent on economic activity/confidence seen an increase in new business openings and my sales are well up. But who knows what is around the corner !

Asian Citrus Holdings (LON:ACHL) was upgraded by research analysts at Cantor Fitzgerald Europe to a “buy” rating in a report released on Tuesday. The firm currently has a GBX 26 ($0.44) price target on the stock, up from their previous price target of GBX 22 ($0.37). Cantor Fitzgerald Europe‘s target price would suggest a potential upside of 100.00% from the company’s current price.

No idea why so LOW. HK market is volatile.

Bemused at current share price-I can only think due to the volatility in HK recently. I am not aware of any fundemental changes in the Company's finacial position. Will have to do some digging.

The move to NY has been badly handled. Not surprised shares have dropped. I hopoe the Board hAve a better plab, but whilst I am still holding, not that impressed. If you plan a move of Exchange all should have been in place, and I am concerned this was badly thought out. I will hang on for the moment, biut I hope we have not incurred large fees for this failed move.

Reflects payment made to shareholders

Strange comments- there is actually a business with a good underlying NAV. Or are you suggesting the accounts are incorrect?

Personally I will take up-cash for Amara a company I have faith in. I beleive we are seeing a change-AMA used to have a big P.I investor shareholder base. This has now changed. That to me is enough and having seen them recently all they told be is getting in place.