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About 0.28pps to 0.33pps
I reckon the have around $5m to $6m left.
As of Dec 22 they had $3.4 approx plus whatever left of the sale, which was about $3.3m after div paid out.
TDT
Are you in here as well? If you are on the fence, I would advise, not to. Not because of Bell, but because I have recently brought some shares, expect it to go down!! Sorry LTHs!!!
Jokes aside, I know where you are coming from, but do believe at these levels the upside outweighs the downside. Differently worth trading the spikes if one is nimble enough.
I don't think there was one!!
They would also have to raise cash if they want to become a investment company.
I suspect they would be suspended from trading for a further 6 months.
*too
Bb69 you are a brave brave person!! I to have added a little. Must be mad .
.
Has arrived in my HL account but not my Freetrade account yet.
Fwiw bb69, the numbers look about right.
pessimistic guess I have of 0.29pps based on the statement made on a recent RNS which stated
"assumption that Amur only has assets of $5,000,000"
1st June 2023 rns
Although I think that is low.
Boldlygo
Only advice I can give you is..... Stay away from the shares that I hold, if you do that you will be fine. If you hold the same shares that I do then, what the hell are you doing?? Get out quick!!!!!
Hello AGE
Yes, 14th June is the expected payment date from AMC, sorry, I assume everyone knows when the payment date is, it is well documented.
HL has stated to me that as the holding is overseas it takes longer for it to be received from the company and then applied to clients accounts. Expect payment within 3 to 5 working days as long as there a no delays on the receival of the money by the company.
I think they planned to use up all the allotted time stated to pay the dividend, it's a shame they didn't confirm earlier the ex and payment dates though,
That being said, maybe they planned it so that LTSH had the opportunity to average down while the price was low!!! I certainly did! (nah maybe too much credit to the BOD!!!).
Pepemartinez,
The div is projected to be paid out on the 14th of June 2023, which means your broker will receive the money in their account on said date, after that, it will be in the hands of the broker on how long it takes for them to distribute the money into your account.
Idiot: ==== assets
AMC only have assets of $5,000,000 in cash.
$5,000,000 = £4,025,500 (based on an exchange rate of $1 = £0.8051)
If AMC delist and returns the remaining cash to Shareholders we get
0.29pps : (£4,025,500 /1,392.87m shares in issue)
Vs
0.175pence per AMC shares + potential added value: AST deal
Take it with a pinch of salt !! Dated 08/22
https://www.alignresearch.co.uk/ascent-resources/ascent-resources-recent-prospective-cash-settlements-look-to-reduce-future-dilution-risk-dramatically-buy/#:~:text=Most%20recently%2C%20Ascent%20announced%20the,excess%20of%20%E2%82%AC500%20million.
It looks like AST going through a lot of disputes !!
Hello Geng
Apologies should have been clearer in my message.
6 months from the sale of the asset to finalise an RTO (6th March to 6th September).
If no RTO by 6th September, they will either need to relist as an investment company, failing that, they will suspend trading on AIM. If they are still in suspension (as in, they haven’t found a suitable RTO or relist as an investment company) they will be delisted. Therefore, they could still be around until Feb 2024 (some would say RY will still be boiling the gravy train).
That’s my reading, obviously, I am reading this wrong!!
if you are right, and after 3 months they will pay out the remaining value of the company to shareholders, the uncertainty of this share will be gone and I can move on!!! It's like a bad relationship, one cannot let go!!! (We have had fun along the way)!