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Real-Time news about Amz Holdings (London Stock Exchange): 0 recent articles
|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:-
|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+?|
|the executioner: Qahrahm,
There is indeed massive potential in the project.!
AMZ's current market cap is £31.75m
The only asset they have is a 27 acre beach fronted plot of land. Added to this is the fact that this land has been rezoned to a commerical designation for leisure, tourism and recreation (this adds value to the land).
How much is this land worth, i don't know, but going by the complexity of obtaining every parcel of land etc. i would assume that this land is worth a large slice of the market cap.
Once the gaming bill is secured, i would imagine that a lot of the financial institutions would be queing up to get involved in some sort of financing...
The way i've always looked at this is the value of the licence. Now i know, Macaau is a fully established gaming mecca with numerous casino's turning over massive amounts of capital on an annual basis, but last year a licence, and only a licence alone was sold for somewhere in the region of $900m.
Obviously, as far as gambling goes, Taiwan is not in the same league as Macau, yet, but i still think the licence could be worth somewhere in the region of $200 - 400m. Even if it's at the lower end of my prediction, i would estimate the share price to trade up to the 600p mark, and this is before a brick or chip for that matter has been laid....
I just hope the markets pick up and that Amazing come with their good news in a bull market rather than a bear market..!!
Amazing share price data is direct from the London Stock Exchange