Pme African Infrastructu... Share Discussion Threads

[ih_569024] 09/8/2016 14:11

$PMEA .0003 Up !

[sherig] 22/1/2013 15:42

Hello folks - I'm new to advfn. Stupdidly, I set up my account when I was in Austria and so all my content is in German... But I'm English... Any ideas?!

Cheers, guy

[tenapen] 07/6/2010 14:13

They must not see any opportunitys to invest in Africa ! the buy back does not add up to me !.

Lonrho powering ahead with investments with another 51% + board control investment today.

[envirovision] 07/6/2010 11:05

Massive massive share buy backs non stop, who can blame them.

[envirovision] 13/1/2010 07:39

Very positive news on the locos, this share should be trading above $1 now imo

[envirovision] 16/12/2009 10:00

Under the terms of the agreement, the Company expects to receive approximately
US$15 million representing an annual return of some 40% on its original US$10
million investment. It is expected that the transfers will be complete by 31
December 2009 at which time the Company will have fully exited from its
investment in Econet Wireless.

Fantastic work there imo!

[envirovision] 16/10/2009 13:20

Yea nice work if you can get it!

[tenapen] 01/10/2009 18:19

1 October 2009



PME African Infrastructure Opportunities plc ('the Company')


Holding in Company


The Company has been notified that, as at 30 September 2009, QVT Financial LP, as investment manager for QVT Fund LP and Quintessence Fund L.P., no longer has a notifiable interest in the Company's issued share capital.


Damb good business from QVT.

[envirovision] 30/9/2009 11:46

Well i add lzm to my watch list, but right now it doesn't look good for the coallition goverment, you really get the feeling it was a total botch and the margarby camps strangle hold is somewhat permanent and that they would happily drop into civil war at the slightest provacation.

[tenapen] 30/9/2009 06:31

ZIM looked good at the time ;-). Their markets are up over 200% and inward investment as increased many fold. LZM had a bear raid which was defeated but the raider as dumped their shares hence the price fall and overhang IMO. Very risky all the same and I would never encourage anyone to buy LZM.

Good stuff here, weldone.

[envirovision] 29/9/2009 21:06

Hi tenapen, dont like the look of all the zimbabwe stuff you have there but im sure you know more than me.

Anyway we have conformation so aside from QVT taking a 10.45% stake the other week, today we learn pug capital also have taken a 10.45% stake. More over also so does the director with a 100,000 personal buy, not to be sniffed at.

Also interesting to note, i see somebody snapped up 1 million warrants at 3p today.

[tenapen] 28/9/2009 16:00

envirovision,
Im new to PME and still looking around. I already hold LONR & LZM in the hope of an African revival but To buy PME would make me very over weight in Africa !!!.

If it was a sell by QVT it would go down as good business but i agree with you that it looks like a buy. We will get a RNS soon as 16,042,133 shares represents 10.45% .

Regards.

[envirovision] 28/9/2009 15:09

at this rate the warrants could become worth something, have you seen them $0.02. I managed to get some at 1p earlier in the year, just in case.

[envirovision] 28/9/2009 15:07

I doubt it, how could they have bought on or before 8th at around $.52 then sold out at $.60 days later?

and the bid ticks up further after? I've never heard of that before. Maybe they have increased again?

[tenapen] 28/9/2009 14:41

Todays trade size mirror's this RNS announcement,
-------------------------

8 September 2009



PME African Infrastructure Opportunities plc ('the Company')


Holding in Company


The Company has been notified that, as at 28 August 2009, QVT Financial LP, as investment manager for QVT Fund LP and Quintessence Fund L.P., was interested in 16,042,133 ordinary shares of the Company, representing 10.45% of the Company's issued share capital.

------------------------------------
could it have been a sale ?

[envirovision] 28/9/2009 13:58

Now that was one hell of a buy by any standards:

T: 13:26:46
BID: $0.56
OFFER: $0.60
V:16,042,133
$9,625,280 $0.56 $0.60
BUY Ord.

[envirovision] 22/9/2009 22:52

everyday buying should be getting back to a dollar in next few months imo. Note Dovetel up and running now should help things, this will be big on the scale of things, will help pmea trade at a premium eventualy.

[envirovision] 18/9/2009 23:09

Well its all going great guns nice and steady at the tiller.

[envirovision] 10/8/2009 11:13

The C shares are an easy way of raising extra capital by way of a pre authorised placing. I guess you can grumble about the performance fee, however in reality most similar funds would pay 5-10% and also issue extra shares on performance thus severly diluting wiping out investor value. Never the less as with any fund, you have to set aside take on board not what the compensation is, but the skill and track record of the investment manager.

[don muang] 30/7/2009 22:04

Not based in Nigeria is it?

[abundance99] 30/7/2009 21:41

Just had a read of the accounts as interested in investing in Africa. Didn't like these bits:

"Performance fees
The Investment Manager is entitled to a performance fee of 20% of the net income
and capital cash returns to the Company or any subsidiary in respect of the sale
or partial sale, refinancing or restructuring of an investment in an
infrastructure project ("relevant investment") provided that the "Project test"
has been passed. For these purposes, the Project test will be passed if the
Company or any subsidiary has received in cash the return of all its cash
invested in a relevant investment and a return equivalent to an internal rate of
return of 12% on such cash."

That seems pretty generous to me. I think (someone please correct me if I'm wrong) that in effect the company is owned by the investment manager as ithas no direct employees. Not sure about the wisdom of this structure.

Also not sure about this:

"
At incorporation the authorised share capital of the Company was US$10,000,000
divided into 500,000,000 ordinary shares of US$0.01 each and 5,000,000 C Shares
of US$1.00 each.


The holders of ordinary shares are entitled to receive dividends as declared
from time to time and are entitled to one vote per share at meetings of the
Company.


The holders of C Shares are entitled to one vote per share at the meetings of
the Company. The C Shares will be converted into Ordinary shares on the approval
of the Directors. On conversion each C share will be sub-divided into 100 C
Shares of US$0.01 each and will be automatically converted into New Ordinary
shares of US$0.01 each."

No C shares have been issued yet but that is an easy way for the board to double the shares in issue. Just a bit wary about this.

[neal d morris] 15/6/2009 15:54

NAV $1.07 amazing value and a fantastic long term growth investment