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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Amz Holdings | AMZ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 32.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 32.50 | 32.50 |
| Top Posts |
|---|
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.c 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 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 19/3/2009 10:53 by jambo172 Very very very positive.AMZ have the ONLY parcel of land capable of being built NOW. All others would be delayed at least 2 years Two licenses to be issued for Offshore Islands The Executive Yuan announced March 14th it will be issuing two licences for Casinos established on the offshore islands, following a local referendum. Developers who secure a licence would be required to build a hotel with a minimum of 1,000 rooms according to a meeting of government agencies, the Chinese-language China Times reported. The agencies also decided that the government would not issue a third licence within 10 years of licensing the second one to 'avoid competition and reduce possible social impacts', the report said. Parameters such as minimum capital investment amount, area of casino footprint, application procedures etc., will be determined by an international consulting company, reporting to the Ministry of Transportation and Communication (MOTC), who have just been appointed as the lead Ministry overseeing the administration of Integrated Resorts in the offshore islands. The MOTC plans to hold an international tender by the end of March to recruit such a consulting firm. AMZ comment: "We are encouraged that Taiwan has taken another significant step to clearly define the parameters and regulatory framework for their Integrated Resort Industry, and anticipate that the Penghu economy will ultimately benefit given its infrastructural advantage, and its efforts to now attract top international operators." |
Posted at 02/2/2009 11:36 by bennieboy RNS Number : 5906M AMZ Holdings plc 02 February 2009 2 February 2009 AMZ Holdings plc ("AMZ" or "the Company") AMZ to explore strategic options The Company is pleased to announce that it has appointed Merrill Lynch & Co. to assist the Company in identifying and evaluating its strategic options with regard to its landholdings in Taiwan. This follows the passing of legislation to enable gaming on the offshore islands of Taiwan, a significant milestone for the Company given its resort-approved landholding on the island of Penghu. Penghu has announced that it will support the development of gaming resorts and is actively seeking to attract the interest of major international gaming operators. Investors should note that the Company is managed and controlled outside the UK, the Channel Islands and the Isle of Man and, in consequence, the Takeover Panel has confirmed that the Company is not subject to The City Code on Takeovers and Mergers. For further information contact Chris Baldwin +1 212-449-2260/Rag Bala +1 212-449-8058 Merrill Lynch Jonathon Brill/Caroline Stewart +44 (0) 20 7831 3113 Financial Dynamics Stuart Andrews/Chris Clarke +44 (0) 20 7071 4300 Evolution Securities |
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/ent 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........... |
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