Member Info for oldstockbroker

As you will all gather I used to be a stockbroker-many years ago. My specialist area was Investment Trusts. Used to try and get them wound up if trading on large discounts and when announced discount would be a few %. I fail to understand the current discount-I can only assume as a small plc, shares mainly held by P.I who do not understand the discount to NAV and the guaranteed return available(Price v.NAV). Would buy more but not available for ISA and SIPP fully committed.

I will do. If any one-else has a question let me know.

I am having a meeting with AMA next week. Will report back.

Great performing fund-I should get report in the post soon. Prices have risen further in Macau and buy back in place. The NAV must be over £3.00 by now, though I have not done the figures yet-tend to wait until see the buy back figures-but I think we have seen a further 5% growth Q3 without the buyback. The bridge should open 2016. This will see then a possibly a slow down in Residential prices, but commercial prices should continue to grow. MPO have an solid portfolio of Commercial properties and the main Residential Waterside is a prime Lease residential development,

Recent results and announcements show how the company continues add growth and profit. With 7 aircraft to be delivered by the end of 2014, there is another 30% growth locked in.The Annual Report also discloses details of all related party transactions. Maybe you should research further before making wild comments. I am happy to try and answer any serious questions if I can. As a shareholder I obvioulsy beleive in the future prospects of the company and personally cannot see any problems that do not confirm my view of the value and potential of AVAP.

Macau prices are still increasing, but I note MPO are rightly looking to consolidate value and continue the buy back of shares.

Could you point me in the direction where the company is relying on Director's loans. I suggest you look at the financing arrangements in place and maybe talk to the Company if you have concerns. If you look at my previous post's you might have a better understanding of the company and the inherent value. As new poster I have to be surprised at the allegations you are making and if you wish to post again, I suggest you do a bit more research. So far most of your comments have been inaccurate and would seem to be based on a desire to reduce the share price-though doubt any-one who has researched the company would take note. Why post anyway if you do not want to hold shares-just avoid. I am fed up with all the mis-informed gossip that goes on LSE and the failure to do proper research.

Another good performance. NAV was £2.99 at end of period.

They had to take a $1.2m deferred tax chargeas a provision for future taxation. This is based on the difference between the NBV of the assets and the tax written down value of the assets. It will be reconciled to a tax charge in the future. These were interim accounts only.Profit before tax rose 15% for the period.

I have asked a few questions re the figures and am waiting for a response.

Apologies last post-I had some bad news regarding family member. Results look good, not sure why WH Ireland have not got a higher target price, I am not sure the fully understand the value.It is a complex business to value but I remain convinced that the figures I produced late last year are pretty accurate.I spent some time looking into this and based on any bearish estimate the value is at least £1.80. But am in long term so not too concerned about short term price. Based on next years potential EPS looks good value. As usual do your own research.

Shall we just stick to AVAP. We know the story, but do not need tips from people I do not know about other shares. The value of AVAP is way above current share price-if you look at my previous posts-based on research . When I have news will publish as before.

Sale price was spot on. Not sure if it will show in the next NAV-but should do. There have been some big trades-buys, and I assume Company is buying in, though surprised no RNS. There has been a large Institutional buyer as well. Based on Sale, buy backs I have a view NAV will be in range £2.80-£2.99. I favour the low £2.90. But I have no inside knowledge and please do your own research.

Not sure-there was a large seller, but I think they are out. Fund winding down.There is no reason why the share should not be going up-all is positive. There was a frenzy of buying mid-last year with huge buys(?) and maybe many who bought in are getting out as they failed to make short term gains. But the underlying value is fine as far as I can see.

Thanks for the update . I remain convinced this is an under-valued stock, but time will tell.

Interested to hear from any-one who attended. I have reasonable amount invested, but could not spare the time to travel from Wales to London to-day. Annoying as in London in a few weeks time.

HK:0073 but I cannot find volume figures or chat.

No problem-I have checked with Company and they did confirm new interview.

apologies-just popped in my Google alert.

Amara Mining Plc (AMA) is studying how to fund development of Ivory Coast’s Yaoure gold project including finding a partner or selling its Baomahun site in Sierra Leone. “We’re looking at all options,” Chairman John McGloin said in an interview in London. “We would consider selling Baomahun if someone gave us a reasonable value.” Amara slowed work on Baomahun to focus on Yaoure after gold prices sank 28 percent last year, the most since 1981, curbing funding and reducing profits for the industry. Baomahun is on the “cusp” of being economical at current market prices, McGloin said, while Yaoure is profitable at lower levels. Yaoure, with inferred resources of 5.5 million ounces of gold, may be able to produce 250,000 to 300,000 ounces a year. “It’s one of the best development projects in West Africa,” McGloin said. “There’s quite a bit of interest from within the industry. There are bigger companies with lots of cash that want gold projects. We have the project and need the investment.”