ACP Mezzanine Share Discussion Threads

[andrbea] 01/4/2010 14:01

in rns mid March 2010:

as at 31.12.09

Consolidated cash and cash equivalents at the balance sheet date of €5.72 million (cf 2008: €11.78 million).

[andrbea] 01/4/2010 13:29

why not bring some new management in, eg as an investment play in the resources sector. Seems to be a cash shell right now with no business model since the returns of capital anno 2009. If they do intend to carry on as before I would have expected news of (new) financial investments by now

the dribbles of revenue and the small mkt cap can't IMO justify keeping the listing open thru' 2010 & 2011.

nia dyor

[goz1986] 25/2/2010 23:11

Market cap of £165k!

[andrbea] 17/2/2010 15:27

they have 30% of the p-folio left

what do they intend to do, going forward? Make new investments and build it up again, or stop business entirely, eg new business model.

why dispose of 70% of the p-folio?

[goz1986] 25/1/2010 15:50

picked this one up from a holdings rns. what are we looking at here? a cash shell that has no debt etc and may make a purchase...

[andrbea] 11/1/2010 16:11

going up again....

we need the nav (some time in January 2010) and details of the next payout (see post 22) to know if we're undervalued or not (SP plummeted in 2009, as capital was returned)

[andrbea] 23/12/2009 16:02

in their next trading update, a clear picture please on where they're heading

we've seen a fall in share price of two-thirds in a month
explained of course by the return of capital

but do they intend to grow the company in 2010 (eg buy more assets) or just sell off everything at best price and wind it up?

[andrbea] 20/12/2009 16:28

all we know is (15 Dec)

ACPM currently expects to make an announcement in early 2010 regarding a further
capital distribution comprising all or part of the proceeds of the Sale.
The Company's net asset value at 31st December 2009 will be released in January
2010 as part of the quarterly trading update.

[andrbea] 20/12/2009 16:27

just returning capital to shareholders IMO

a statement on future strategy in 2010 wouldn't go amiss

[madmanic] 19/12/2009 13:59

This one is going down the drain.

[andrbea] 09/12/2009 15:01

we need an update on their nav after these payouts

compare on Nov 5:

ACP Mezzanine total portfolio assets fell to €51.5m at the end of September - down from €57.2m at the end of June.

The firm had a cash balance of €19.6m - up from €10.5m three months earlier.

Its net asset value per share was 30.2cents at the end of September - up from 28.8cents in June.

The Company has no borrowings.

[andrbea] 09/12/2009 13:11

p-p

to get the 22 Dec payout I think U would have had to bought up and till 8 Dec

staying in with my holding as I like the company

nia dyor

[ppowerscourt] 09/12/2009 12:47

6979D
ACP Mezzanine Ltd
07 December 2009


ACP Mezzanine Limited

Completion of Sale and Further Capital Distribution


The Board of ACP Mezzanine Limited (the "Company": AIM: ACPM) today announces
the completion of the sale of its tranche D investment in IFR's debt to Perfina
AG for a total cash consideration of EUR15.0 million.

The Board of the Company also announces today a return of capital of 19.50
eurocents per share, payable on 22 December 2009 to shareholders on the register
on 11 December 2009. The ex-dividend date will be 9 December 2009.

This distribution of approximately EUR46.0 million mainly comprises proceeds from
the disposal of the Company's investment in IFR Jersey Limited's preference
shares (as announced on 25 November 2009) and the tranche D proceeds referred to
above.

[ppowerscourt] 09/12/2009 08:10

19.5 Euro cents (spec divi) plus 12cents = 31.5 vs. yesterday's share price of 27 cents which was my done deed.

Today's dip is twice more severe than the mid-Nov's. Holding happily until next phase.

It would have been better to have bought either today, 10th and 11th Dec to catch the pay-back on 22 Dec. Live and learn. Come to think of it --those who buy today X-divi at 13 will get 19.5 cts on 22nd Dec. What a Christmas gift!

[andrbea] 08/12/2009 12:17

This is a post (not me) from September (acpm on iii board):

But i believe by end of year things will pick up with that share, in my opinion should be up circa 50% by year end, based on improvements in valuations of debt.....

They were getting offered less than 1 years coupon on sale of debt as global economy comes out of recession those valuations will rise... and we will end up with the situation, of a discount to NAV in excess of 80% at which point it will appear on Institutional as well as PI radar....

[ppowerscourt] 08/12/2009 07:30

good plan.

[andrbea] 07/12/2009 16:46

good finish (up 8%)

note the share price dipped the last time they paid out a capital distribution (mid Nov)

but it recovered soon after

so better to be in before ex-divi date IMO, net the divi, survive/ride the dip and stay in (till the next one hopefully)

nia dyor

[andrbea] 07/12/2009 15:37

shares cost 0.26 euros to buy
so if U get some today or tomorrow
you get 0.195 euros back on Dec 22

see rns today

nia dyor

[andrbea] 07/12/2009 14:48

7 December 2009


ACP Mezzanine Limited

Completion of Sale and Further Capital Distribution


The Board of ACP Mezzanine Limited (the "Company": AIM: ACPM) today announces
the completion of the sale of its tranche D investment in IFR's debt to Perfina
AG for a total cash consideration of EUR15.0 million.

The Board of the Company also announces today a return of capital of 19.50
eurocents per share, payable on 22 December 2009 to shareholders on the register
on 11 December 2009. The ex-dividend date will be 9 December 2009.

[andrbea] 27/11/2009 15:05

now I understand the 29% rise on 26.11 (IMO)

people buying in to hold the share in anticipation of possible return of capital payout

see rns (25.11):

ACPM will make a further announcement shortly regarding a distribution,
comprising all or part of these amounts, in accordance with ACPM's policy of
promptly returning excess cash to shareholders.

nia dyor

[andrbea] 26/11/2009 08:16

buys

and an uptick

[andrbea] 18/11/2009 10:53

no trades on PLUS today
single trade on LSE is a buy (vol: 26k), at 0.21

so why the 17% fall?

maybe they want to shake the tree 'cause they have another big buy to fill

I'm not selling, so an unsuccessful shake guys....

nia dyor

[andrbea] 16/11/2009 16:45

rollover trade after hours