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AMZ Amz Holdings

32.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Amz Holdings LSE:AMZ London Ordinary Share GB00B0RXB080 ORD GBP1
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 32.50 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 32.50 GBX

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Date Time Title Posts
24/3/201009:22OVERDONE6
22/10/200916:52Amazing Holdings PLC74
30/8/200707:59AMAZING HOLDINGS7
16/6/200702:21Amazing Charts & News2

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Posted at 24/3/2010 09:20 by pre
Interesting events unfolding....they hold some very lucrative assets so a sale of these could give considerable value here imo:

Asset Sale Announcement


TIDMAMZ

RNS Number : 0834J
AMZ Holdings plc
24 March 2010

?
24th March 2010


AMZ Holdings plc ("AMZ" or the "Company")

Asset Sale Announcement


Further to prior announcements on its default status, the Company announces that
it has been unable to renegotiate revised repayment terms with the Martin Currie
Taiwan Opportunities Fund and, as such, the Company is unable to cure its
default with respect to its 12.9% Convertible Secured Loan Stock 2011 ("Loan
Stock"). The Company also announces that it has been unable to raise sufficient
capital to enable it to meet its redemption obligations in respect of its Loan
Stock and to raise sufficient working capital to continue operations.

As a result the Company and the Loan Stock receiver appointed by the Loan Stock
trustee have instructed CB Richard Ellis (Taipei Branch) to initiate a
solicitation for bids process which is expected to result in a sale of all or
substantially all of the Company's assets, or the capital stock in one of its
wholly-owned direct or indirect subsidiary entities controlling the Company's
property holdings on Penghu. Bids are expected to be due on 23 April 2010.

The Company will continue to seek new sources of funding, which will allow the
Company to suspend this process, meet its obligations and continue to operate.

Interested parties in either the bidding or funding process may contact the Loan
Stock receiver direct for further details at paul@shimminwilson.com

Further announcements will be made as and when appropriate.

- Ends -


+--------------------------+--------------+--------------------+
| Jonathon Brill/Caroline | Financial PR | Tel: +44(0) 207 |
| Stewart, | | 831 3113 |
| Financial Dynamics | | |
| | | |
+--------------------------+--------------+--------------------+
| Stuart Andrews/Chris | Nominated | Tel: +44(0) 20 |
| Clarke | Adviser | 7071 4300 |
| Evolution Securities | | |
| Limited | | |
+--------------------------+--------------+--------------------+


This information is provided by RNS
The company news service from the London Stock Exchange
END
Posted at 22/10/2009 15:01 by topinfo
DJ AIM Suspension - AMZ Holdings plc

TIDMAMZ

RNS Number : 2451B

AIM

22 October 2009

?

NOTICE

(740)

22/10/2009 15:00

TEMPORARY SUSPENSION OF TRADING ON AIM

AMZ HOLDINGS PLC

At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 22/10/2009 15:00 pending clarification of the company's financial position.
Posted at 19/10/2009 11:18 by kooba
LONDON (Dow Jones)--Real estate developer AMZ Holdings PLC (AMZ.LN) Monday said one of its directors has resigned as part of its move to reduce operating costs following the failure of a Taiwan referendum on gambling legislation earlier this month.
AMZ owns a 27-acre beach-front site on Taiwan's Penghu Islands valued at $46.2 million and had planned to use the site to develop a gambling resort.
However, the local referendum Sept. 26, which sought to establish Penghu as the approved location for gaming resorts, was unsuccessful.
AMZ said Sept. 28 that raising the capital it needs will be "significantly more difficult" after the referendum and it has since been reviewing its costs base.
Director Larry Woolf has resigned with immediate effect, AMZ said.
Non-executive director Tiffany Chang also resigned with immediate effect following the referendum result.
Posted at 29/9/2009 09:20 by prinnytoo
Much as I detest TheResearcher as a ramper he has come up with the Evolution research report, which contains the following re valuation of land:-

AMZ owns real estate which, as multiple plots of agricultural land, cost £6.5m
(NTD318m) to acquire. The current EV is £20m. We believe a reasonable valuation
for the land simply as a development site would have been £32m (169p per share)
in mid-2008. Now that gaming is possible, using one Macau land transaction implies
a value of 301p per share, using another implies £100 per share. We conclude that
the shares are cheap, acknowledging that valuing the potential for casino
development is unreliable given the uncertainties. We initiate coverage with a Buy
rating and a 235p share price target.

Full report here:-
Posted at 28/9/2009 15:36 by wheelds
Not a very good gamble at the moment.IMHO

"AMZ Holdings plc ("AMZ" or the "Company")
Penghu, Taiwan referendum fails to pass
AMZ Holdings PLC announces that the local referendum on 26 September 2009 which sought to establish Penghu, Taiwan as the approved location for gaming resorts was unsuccessful. As a consequence, "

"the Company now anticipates that the capital raising which is required to enable it to meet its redemption obligations in respect of its 2011 loan stock in an amount of GBP1.6 million due on 24 October 2009 and secure its working capital requirements beyond December 2009 will be significantly more difficult. "
Posted at 28/9/2009 10:56 by jambo172
AMZ Holdings PLC announces that the local referendum on 26 September 2009 which sought to establish Penghu, Taiwan as the approved location for gaming resorts was unsuccessful. The company is now expecting further details to emerge from the Taiwan government on possible future initiatives in this regard. The Company's property, the largest private site on Penghu, Taiwan has recently been valued at USD$46.2 million with no value attributed to gaming, and has an international resort permit. The Directors intend to pursue all options available to it in respect of its property to maximise shareholder value.

I believe that the valuers are CB Richard Ellis.

By my calcs, land worth £29m (using $46m and 1.59 exchange rate)
Debt is approx £5m. Number of shares in issue 16m.
This is just for the land and nothing else.

Personally I think gaming will happen.
They can have another referendum - after all they already have had at least 4.
Posted at 28/9/2009 10:36 by bozzy_s
Where does that valuation come from please? Just having a quick look, last balance sheet shows net assets of £3.8m, i.e about 25p per share.
Posted at 17/8/2009 09:56 by jambo172
AMZ Holdings said the Penghu election commission has set the Sep 26, as the date island residents will go to the polls for a referendum to determine whether they are in favour of casino resorts on the island.

Taiwan passed legislation earlier this year legalizing gaming for the offshore islands alone, subject to a local referendum. Previous referendums and polls on Penghu, widely considered to be the likely gaming resort destination for Taiwan, were all in favour of gaming.
The company has already obtained all of the necessary building planning approvals and resort zoning required for its beachfront property, and will seek
a strategic partner to participate in the forthcoming licensing process.
Posted at 02/2/2009 14:05 by bennieboy
I also wondered about the Merrill Lynch appointment. Why do we need them? I can only presume that they are looking at all possiblities, which may include;

- the sale of the company
- a big equity investor - (if so what price do they get in at?)
- a gaming partner - although I take your point about Larry Wolf and indeed Michael Traynor - these two guys are very experienced in this field and will know all the players
- a funder (in this market - that will be a challenge)
- additional 'convertable pref' investors to increase the working capital or to replace the existing convertable pref's

Jambo - who knows what the share price may be with a licence, but it is certainly a big multiple of the current share price, although the structure of the company may be significantly different by that time, if they have to bring an equity gaming partner on board. Presumably that equity player has to pay a reasonable market price to come on board ie £3+?
Posted at 30/1/2009 09:49 by bennieboy
Check out the Brokers report which can be accessed through the AMZ website - it is a very positive and highly informative read. Evolution are the company's broker, so we can safely assume that the contents of this report will have been over the directors desk pre publication.

These are numerous key / positive points which come out of the report, but these two are highly significant for AMZ

1. The casino development will be based in an "international tourist resort", likely to include a hotel/restaurant/entertainment/retail/conference complex. "International Tourist Resort" is a designation of hotel which needs specific regulatory approval - AMZ already has such approval.
2. That the development should be on a site of at least 10 hectares. The AMZ site is 10.7 hectares.

The brokers report has helped lift the price - on tiny volume.

It's been a long wait...........
Amazing share price data is direct from the London Stock Exchange

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