Member Info for oldstockbroker

Market likes govt’s light touch on homes November sales topped 800 units for first time since May suggests agency data.http://macaubusinessdaily.com/Property/Market-likes-govt%E2%80%99s-light-touch-homes

My rough calculation of current NAV-asuming sale goes through,which deposit has been paid, and the growth in Macau property prices , is £2.70-£2.80. Buy back could increase this further.

Finally got latest PF through to SIPP. Doubled up here. The Company is open and moving forward in my Opinion. Gone further overweight in Far East with purchase of Future Bright-interesting restaurant chain in Macau-not on AIM though, quoted HK

The Company is moving away from this to Bananas and Summer oranges as I recall. The fundementals I purchased the stock remain the same-increased demand within China etc. They are a good communicator and with companies in the Far East this a positive.

You are ,in my reading of the situation, correct. We will get NAV either in Cash or Units. So if the NAV continues to perform, could be a nice little earner-looks like a good 30% return already, which I would settle for in a year. I am waiting for full documentation to arrive. Always a potential for NAV to fall of course , but PLE and SUMM seem to be going the right way. Have a holding and looking and increasing substantially once I have read documents.

Think about 20p at moment. Will have to check figures. Unitisation is good news, will get shareholders NAV. I will then sell as I like buying fund assets at a discount, but looks like a good return over next 12 months. Can only see upside in the portfolio as well. Was fortunate enough to buy at 8p 5 months ago, so pretty happy. Will then move onto the next one-plenty out there trading below asset value-shares and companies.Finding them is the hard part, but research will throw them up- have a few in my portfolio.

!Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd raised their price target on shares of Amara Mining Plc from GBX 40 ($0.64) to GBX 45 ($0.72) in a research note to investors on Wednesday, September 11th. They now have a buy rating on the stock. Separately, analysts at Canaccord Genuity reiterated a buy rating on shares of Amara Mining Plc in a research note to investors on Tuesday, September 10th. They now have a GBX 30 ($0.48) price target on the stock. Finally, analysts at Westhouse Securities reiterated a buy rating on shares of Amara Mining Plc in a research note to investors on Tuesday, September 10th. They now have a GBX 50 ($0.80) price target on the stock, down previously from GBX 60 ($0.96). Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of GBX 49.48 ($0.79)."

Agree-I think those of us who have researched the company understand it is grossly undervalued. Just have to be patient I guess. The Company is changing dramatically and as said Next Qtr results will be interesting.

GDL. I speak to the London PR firm occassionally, chat with a mate and email the company. How do I rate it on a 2 year view. Not as bulllish as some on the Board- see last evening's discussion. I woulkd expect the price to rise, but it is dependent on them delivering some good and steady earnings growth .Huge potential. I did buy a few more yesterday,. I am looking at Future Bright at the moment HK listed. Have you looked at this company? Compared with ACHL-unless GDL make a big break-through into India, I would probably favout ACHL-but happy with both.

Whilst there will be a small decrease in eps based on current earnings, Shareholders should look at the resources, growth potential and the management’s ability to deliver on their promises-which they have so far done well. In my opinion.

Well the seller's down to £1.10 to-day was odd. They know big buyer investing, so just lost money. Odd!!

Thank God-good rise, sold the shares at a small profit after month's of suffering a heavy loss. Not sure why I ever invested, an error, but happy to be out. It might do well as a company, but not sure of the business model. Investing was an mistake at the time and against all my rules!! Lucky to sell without taking a hit-was dithering yesterday whether to cut and run. Good luck to the business, but not my thing.

Thanks for the research note. Happy holder here.

Analysts report that many foreign investors with real estate holdings in Macau started selling when property prices sailed past $12,000 per square meter, but that hasn’t stopped local investors from stepping in to fill their shoes. The result is a continued property boom driven largely by the region’s gaming industry and tight supply. Found this-"Gaming revenue topped $18 billion in the first half of 2013 and experts believe the earnings will spur continued growth. The Macanese government has implemented cooling measures similar to those in Hong Kong to help alleviate upward pressure and will also be instituting new real estate transparency laws that are expected to further increase investment interest. For more on this continue reading the following article from Global Property Guide. "http://www.nuwireinvestor.com/articles/macau-property-market-strong-61314.aspx?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+nuwireinvestor%2Flatestnews+%28NuWire+Investor%3A+Latest+News%29

Sounds about right. Expecting the delivery of the Yaoure Mineral Resource update and the results of the Baomahun optimisation work within 6 weeks. As many have said share price is over-influenced by Gold given cost reductions in place-benefits are beginning to come through to bottom line.

I am involved in PLE through PEBI. PEBI share price is very odd-going down although effectively unitising. I do not think French Connection is that popular-least not with my 20 and 23 yr old daughters-though no idea to be honest. Have not really seen anything else to grab my attention revently-though I think Future Bright , a Macau restaurant chain is interesting. Like Macau-got exposure through MPO. Best wishes

I am beginning to grasp why PEBI has done this. It will eliminate the discount, and will allow as far as I can see the Magna fund to issue new Units. I assume this is the purpose so that PEBI/MAGNA can attract additional funds. It is very hard for an investment fund to have a rights issue when share price is trading at a discount to NAV. Normally Investment Trust's can only have a rights issue when Shares at a premium to NAV, though recently they have issued Conversion shares-warrants effectively. So that I believe is the reason for the move to be able to attract more funds without dilution of NAV. So assuming the fund continues to perform at my expected growth , looks like we have a potential 50% plus return over the next 14 months until shareholders can opt for cash or units. Looks a no brainer for me and having halved my holding when I sold -my rule to halve when 100% up, I will be now be increasing to double my usual investment holding- got another amount due into SIPP shortly. Would sell another holding, but nothing I want to get sell at the moment as all look OK for the future and the one I am disappointed with must recover surely-worst investment choice I made and broke all my investment rules-MONY. I might dump it as I still cannot believe I ignored my initial cynicism about the business model and bought in. Would cheer me up not to see that red every day when check portfolio !

I am trying to work out why PEBI are doing this. It has happened in the past with Investement Trusts to reduce discount-I can grasp that, and as PEBI will effectively hold units in the new fund, the NAV will remain the same. The option in a Year to take cash or units looks good at NAV. UCITS are tax effecient and can be marketed throughout Europe-and Units can be redeemed within 14 days. However that can mean theirs a risk of massive redemptions and the fund being forced to sell investments. This would happen only if lack of Investor confidence. I assume there is a "bigger plan" but on the basis of the current NAV as last reported, and with positive outlook for several quoted shares, looks a steal- Assume the manager does half as well, we will be looking at an NAV of about 22p with guaranteed cash for shares in a year and a bit not a bad return. Given the excitement around PLE etc, could see further NAV growth. They must be assuming the majority of shareholder's will retain the UCIT's-which is probably true- great asset performance and not subject to share price movement-the price will be the NAV. Why this is happening I am not sure but can see no downside. Do your own research please. Follow this link for more about UCITS http://www.lavenpartners.com/wp-content/uploads/2011/05/Laven-Definitive-Guidebook-to-UCITS-IV-Funds.pdf

Can you ask when Value Partners will be out?

No tips over w/e, but the company seems on course with strategy to use current low cost gold income to develop the next two mines. More will be revvealed soon.