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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Asia Resource | LSE:ARMS | London | Ordinary Share | GB00B5BLXT62 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 36.75 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 36.75 | GBX |
Asia Resource (ARMS) Share Charts1 Year Asia Resource Chart |
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1 Month Asia Resource Chart |
Intraday Asia Resource Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 12/9/2016 | 08:26 | Small cap Litigation Thread.....list them here | 80 |
| 17/7/2015 | 14:52 | Asia Resource Minerals plc (Bumi relaunched) | 372 |
| 25/3/2009 | 22:48 | An Occasional Letter - Eggertsson, Armstrong and Timing | - |
| 26/6/2004 | 18:48 | FIND YOUR FAMILY COAT OF ARMS | 4 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 09/7/2016 18:50 by hedgehog 100 AERO: EARLY LITIGATION END EXPECTEDTimbo003 attended AERO’s AGM on 30th June, and six days ago posted a lengthy and informative report on it on his AERO thread (timbo003 3 Jul'16 - 16:44 - 293 of 344). Here are the extracts about AERO's legal case: "Q; Is the impending litigation effecting customer orders, or term offered by suppliers? A: No, there has been no discernable effect. Q: The statement release today states that the litigation is arranged for October, can you be more specific? A: A specific day wasn’t specified by the court, instead they indicated a slot (around about October 6th). Q: What would you consider to be a best case and worst case outcome for the court case? A: Needless to say I didn’t get a straightforward answer to this question, but after going over the possible outcomes a number of times at the meeting, I was left with the impression that if the whole deal were to be rescinded, it would probably be considered a satisfactory outcome for both parties and I now consider this to be the most likely outcome (to be settled out of court before the hearing commences)." From AERO's final results the same day: 30/06/2016 14:31 UKREG Strat Aero PLC Final Results " ... There are a number of potential resolutions available to the Company in relation to the legal action including a settlement, rescission of the purchase of Aero Kinetics as well as actual and consequential damages. Unless settled, the court has set a date of October 2016 for the case to be heard. ... " |
Posted at 13/5/2016 20:29 by hedgehog 100 27/04/2016 07:00 UKREG Challenger Acquisitions Limited Final Results"...The complaint was filed in the United States District Court for the Southern District of New York (Case 1:15-cv-07213). On 17 November 2015, the Company filed a response to the complaint, in which the defendants denied all of the claims made by Madison and moved to have the complaint dismissed for lack of personal jurisdiction and failure to state a claim upon which relief can be granted. Following Madison's change of counsel in January, Madison amended its complaint. The court heard oral arguments on the motion to dismiss on 7 April 2016, but the decision of the court is expected to take several months...." |
Posted at 13/5/2016 20:18 by hedgehog 100 01/04/2016 16:00 UK Regulatory (RNS & others) Strat Aero PLC Corporate Update and Board Changes LSE:AERO Strat Aero"... Corporate Update Following the announcement released on 11 December 2015 regarding the acquisition of Texas based Aero Kinetics, the Company has filed a legal action in Texas, USA against Mr W. Hulsey Smith, the vendor of Aero Kinetics on counts of fraud and breach of contract. Strat Aero has also terminated the services of Mr W. Hulsey Smith, Chairman and CEO of Strat Aero's subsidiary Aero Kinetics with immediate effect. Further updates in connection with this legal action will be made as appropriate. The Company continues to make good progress across its various other business divisions, particularly, the Company's 100% owned subsidiary Geocurve Holdings Limited, a specialist in the provision of UAV operated topographical surveys and inspection services to blue chip customers, including the UK's Environment Agency, EDF Energy, Carillion, and the RSPB. In tandem with this, the Company's proprietary Digital Data Management software ('DDM'), which secured a contract with leading aviation industry service provider ReadyJet on 1 March 2016, continues to attract potential new customers in line with the Company's roll out strategy to new industries and geographic regions. In addition, as announced on 19 February 2016, Strat Aero secured its first orders in the wind sector and discussions are ongoing with other operators. A full trading update, alongside the full year results for the year to 31 December 2015, will be released in due course. Importantly, investors should note Aero Kinetics was not projected to have a significant impact on the performance of the group in the near future...." 15/04/2016 12:07 UK Regulatory (RNS & others) Strat Aero PLC Update Regarding Litigation LSE:AERO Strat Aero "Strat Aero Plc, the AIM quoted international aerospace company focused on the Unmanned Aerial Vehicle ("UAV") sector, announces that, as anticipated in the announcement made on 6 April 2016, the Company and its directors have received a defence and counterclaim from W. Hulsey Smith. The Company continues to believe and has been advised that it has a strong claim and a robust defence against Mr. Smith. The Company intends to vigorously pursue its claims against Mr. Smith and believe his counterclaims and purported defence to be without merit." |
Posted at 30/6/2015 11:57 by bcomms This is a communication on behalf of Asia Coal Energy Ventures Limited (ACE).With the Rule 16 resolution having been passed, with 99.9% of the votes in favour, at yesterday's General Meeting of Asia Resource Minerals plc (ARMS) ( and in order to crystallise the 273% premium from ACE's cash offer, ARMS shareholders are urged to accept the offer at the earliest opportunity. The first close of the cash offer is tomorrow, Wednesday 1 July at 1.00 p.m. If you have any questions with regards to the vote, contact Equiniti 0871 384 2030 / +44 121 415 7047 |
Posted at 21/4/2015 16:58 by kenmitch Still don't know what to make of it all. At best the two sides trying to outbid each other. Then, yes, perhaps 50p for the knockout? Postponement of the meeting suggests it is indeed a serious bid and that both sides are now talking to each other.But what happens if the new bidder just walks away? Are we then back to Rothschild's 25p open offer? And what if both sides walk away? The share price today suggests the bid at 41p has a good chance of succeeding. At worst ARMS could still go bust. All the comment here is like mine.. i.e no idea really what is going on now. Wish we knew! |
Posted at 20/4/2015 11:05 by kenmitch domple.I don't think we can read anything in to the small share price moves so far today, and the share price is suggesting that there won't be a bid. Against that, IF the Sunday Times article is accurate and Danny Forston hasn't been hoodwinked then a bid before the vote on Wednesday is very likely. So 28p looks very tempting .. but also risky. |
Posted at 15/4/2015 08:50 by h2owater LSE:Asia Coal Ventures, a vehicle being funded by Sinarmas, said on Tuesday it was considering making a possible cash offer for ARMS, the parent of Indonesian-listed PT Berau Coal Energy Tbk .The potential offer of 41 pence per share represents a premium of 173 percent to ARMS' last traded price. Berau shares jumped as much as 5 percent on Wednesday, outperforming the Jakarta benchmark index, which was down 0.3 percent."Our aim to acquire ARMS is to synergise it with our business, be it power plant or its supply," Sinarmas Group Managing Director Gandi Sulistyo said. (Reporting by Cindy Silviana; Additional reporting by Fransiska Nangoy; Writing by Eveline Danubrata; Editing by Clarence Fernandez) |
Posted at 15/4/2015 08:38 by h2owater REPEAT: UPDATE: Fund Mulls Takeover Offer For Asia Resource Minerals (ALLISS)Wed, 15th Apr 2015 06:39LONDON (Alliance News) - A vehicle supported by hedge fund Argyle Street Management and Singapore's Sinarmas Group Tuesday said it is mulling a takeover offer for Asia Resource Minerals PLC, presenting a possible "white knight" alternative to an existing restructuring plan backed by financier Nat Rothschild and recommended by the company.The potential offer showed that Sinarmas is funding Asia Coal Energy Ventures Ltd, a company managed by Hong Kong hedge fund manager Argyle Street Management Ltd, which already owns a 4.65% stake in Asia Resource Minerals. The offer would aim to acquire the shares not already owned by Argyle Street Management for 41 pence per share.The Asia Coal Energy Ventures' alternative proposes an equity financing of USD150 million at 28 pence per share by Asia Resource Minerals, a fundraising which the vehicle would underwrite. Those funds would be put to reducing debt and exchanging its existing 2015 and 2017 notes.The news presents an alternative to Asia Resource Minerals, which has asked shareholders to vote in favour of the separate recapitalisation plan backed by Nat Rothschild at a meeting scheduled for April 22. Under that proposal, Asia Resource Minerals is looking to raise USD100 million in an equity raising open offer priced at 25 pence per share underwritten by Rothschild's NR Holdings vehicle. The Rothschild-supported deal also include a restructuring of debt in the form of notes due in 2015 and 2017.Asia Resource Minerals, which was formerly known as Bumi, responded with a statement in which it said that it has "received no communication from ACE (Asia Coal Energy Ventures) in respect to such a possible offer".Argyle Street Management plans to vote against the existing restructuring plan at the general meeting."The possible offer to ARMS shareholders would provide a full cash offer at a significant premium for all equity holders, while providing a much stronger operational platform for the coal asset in Indonesia, and subsequently a more tangible solution for all debt holders. We urge investors to reject the opportunistic attempt by NR Holdings to gain control of ARMS without making a full and fair offer to its other shareholders," Kin Chan, a partner at Argyle Street Management, said in a statement."We welcome the involvement of a group of the stature of Sinarmas as a 'white knight' to this key Indonesian asset," Kin Chan added.According to the statement, Asia Coal Energy Ventures Argyle Street Management, Sinarmas are seeking to enter talks with Asia Resource Minerals about the possible offer and restructuring."For the avoidance of doubt, if the Asia Resource Minerals board declines to engage in constructive dialogue with Asia Coal Energy, Asia Coal Energy may proceed with the possible offer in any event," the statement said.Asia Resource Minerals shares closed flat at 15 pence on Tuesday.By Samuel Agini; samagini@alliancenew |
Posted at 15/4/2015 08:34 by h2owater LSE:41p possible offerToday 08:06The proposed Offer would be to acquire the entire issued and to be issued ordinary share capital of ARMS not already owned by ASML at 41.0p per share, a 173.3 per cent. premium to the closing price and a 198.0 per cent. premium to the 30-day volume weighted average price, in each case as at 13 April 2015MY21Posts: 7,618Off TopicOpinion: No OpinionPrice: 15.00FTToday 06:42Leading Indonesian family behind rival to Rothschild bid for Arms: One of Indonesia's richest family-owned businesses has emerged as backer of a possible offer for Asia Resource Minerals, the distressed London-listed mining group which is subject to a refinancing offer led by a leading shareholder, Nat Rothschild. |
Posted at 01/1/2015 21:41 by h2owater ARMS on track to hit output target19 November 2014 | 09:09am Asia Resource Minerals is on track to meet its full year production target of 24.2 million tonnes. ARMS says Berau Coal mined 6.5 million tonnes of coal in the third quarter, 7% higher than a year ago. The year to date average selling price was $55.4/t, which is 8% lower than the corresponding period in 2013. Chief executive Amir Sambodo said: "Despite the continued weakness in thermal coal markets, I am nonetheless pleased to be able to report a solid set of Q3 numbers. We continue to take action to reduce our cost base and remain confident that in overall terms our production cost of sales for the full year will be lower than 2013. At the same time, we remain on track to achieve our production target of 24.2mt." At 9:09am: (LON:ARMS) Asia Resource Minerals PLC share price was +0.5p at 23.5p |
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