|dawney day implodes - sunday paper|
|Post removed by ADVFN|
|ints out, fortress looks ok? but we running out of time on the wrts front...
Amberley holds an option to invest a further £1.2 million in order to increase
its stake in Fortress to 23.9%. On 14 August 2006, Amberley announced that the
option period had been extended to 31 December 2006. We are currently exploring
how to maximise the value of Amberley's stake in Fortress and I look forward to
updating shareholders with further information in due course.
As part of the Amberley Rights Issue in September 2004, 83,150,096
Warrants were issued, each Warrant entitling the holder to subscribe
for 1 Amberley Ordinary Share for cash at a price increasing over time
Subscription date Subscription price
Prior to 31 August 2005 10p
1 September 2005 to 31 August 2006 11p
1 September 2006 to 31 August 2007 12p
At 30 June 2006, a total of 79,117,010 (31 December 2005: 79,140,789)
Warrants were in issue and available for conversion into ord shares.|
|Just noticed that the Fortressgb website is finally up and running.The results
were promised for March, so should be soon!|
|hi mart, with this one i have taken a complete bet on the dd guys. they usually come out on top and have plenty of their own money in this one. think the fall came from just a few sells of the ords and mms got bored.|
Just noted the fall of recent days. Can't locate anything specific. Had a major impact on the warrants :-(|
|A little run seems to be in progress.|
have to hope that the bosses are onto something that isnt immediately obvious.|
|Ram - I still have a few of these warrants. Cannot really see this is exactly a great deal to me. Loss making company in a niche area. Hmmm.|
and their website...
|back from suspension.|
|damn, ive been trying to buy the wrrs this week.
should ve settled for a higher price!|
|Bit of action at last.Got rid of Chaplethorpe which i'm pleased with and taken
a 17% stake in Fortress who deal in smart cards. Could be interesting.
Just holding warrants at the moment.|
|for the record...
Unaudited interim results
For the six months to 31 October 2004
I am pleased to report the Group's interim results.
During the period, the Company raised approximately £1 million by way of a
Rights Issue at 10p per rights unit. Each rights unit comprised one ordinary
share and seven warrants in the capital of Amberley. 91.7 per cent. of the
rights units were taken up by shareholders with the balance being placed with
Barry Pincus and Robert Goldsmith, both directors of Amberley. The Group's two
remaining properties were disposed of for a total consideration of £900,000.
During the period, the Group made a loss on ordinary activities of £68,000
The net asset value as at 31 October 2004 was £2.45 million, which is equivalent
to 6.95p per share, of which £2.3 million is in cash. The Directors do not
recommend an interim dividend.
Towards the end of the period, the Group purchased Contracts For Difference
('CFDs') over shares in Chapelthorpe Plc, a company quoted on the London Stock
Exchange. As at 28 January 2005, the Group held CFDs over 10,006,927
Chapelthorpe shares at an average price of 18.94p per share versus a mid-market
price of 19.88p. A CFD gives the holder an economic interest in the performance
of the share concerned but does not confer legal or beneficial ownership of such
We have looked at a number of potential investments, in both the public and
private arena, and continue to search for opportunities that will create
significant shareholder value in the long term. Shareholders will be kept
informed of any major developments.
28 January 2005|
That 50K was the stock that I sold in September, it looks as if they forgot to announce it when the warrants converted. At the time I was selling the AMB Ords at 13p, equivalent to 3p on the Warrants.
I wonder what there thoughts are on CPL!!!
AMBERLEY GROUP PLC ('the Company')
27 January 2005
Application has been made for the admission to trading on AIM of 50,000 ordinary
shares of 2.5p each in the Company ('Shares'), pursuant to the exercise of
warrants. The Shares rank pari passu with the Company's existing issued ordinary
share capital and dealings are expected to commence on 1 February 2005.
note that we upped out stake in cpl...
18 January 2005
Chapelthorpe plc ('the Company') announces that it received notification
yesterday from Cantor Fitzgerald Europe that as at 14 January 2005, Cantor
Fitzgerald Europe has a revised notifiable interest in 10,606,927 Ordinary
Shares of 5p each in the Company, representing approximately 5.20% of the issued
Ordinary Share capital.|
|This should be interesting (although unexpected), are they trying to flush out a bidder? With Chris Mills (North Atlantic) allready on board at CPL with 6%+
it looks like action may be in peoples mind.
Cannot see AMB bidding for the whole of CPL, but who knows?
Maybe LUP will bid?|
Amberley Group PLC
17 December 2004
Pursuant to the requirement under the AIM rules to announce substantial
transactions, Amberley Group PLC ('Amberley' or the 'Company') announces that
between 17 September 2004 and 16 December 2004 it purchased contracts for
difference over 8,506,927 ordinary shares (equivalent to 4.17 per cent. of the
ordinary shares) in Chapelthorpe plc ('Chapelthorpe')
For the six months ended 30 September 2004
Turnover up 4% to £60.9m (2003: £58.7m)
Underlying* operating profit of £2.3m (2003: £3.1m)
Net borrowings reduced from £22.7m to £21.2m; on track for borrowings
below £20m by March 2005
Weak North American wallcoverings market: £1.8m of bad debts incurred;
Canada being closed with write-down of £5.4m
Post exceptional loss before tax £9.5m (2003: profit of £1.8m)
Interim dividend of 0.33p, up 10%, covered 1.6 times by underlying*
Underlying* EPS 0.53p (2003: 0.71p restated)
Reshaping of the Group underway
* Before exceptional items and goodwill
Commenting, John Standen, Chairman stated: ' The determined efforts we have made
to maximise our cash generation and improve our control over working capital
have ensured that, despite the setbacks we have experienced in the first six
months of this year, we have been able to deliver further reductions in
We look forward to improved trading in the second half and remain firmly on
track to achieve our target of borrowings below £20m by March 2005.'
Commenting, Brian Leckie, Chief Executive stated: ' The review of our businesses
and assets outlined at the time of our 2004 financial results is proceeding. The
purpose of the review is to ensure that Chapelthorpe is as well placed as it can
be to deliver growth and acceptable returns for shareholders.
We have decided to focus the Group's activities more towards man-made fibres,
which currently represent the major proportion of Group sales. Our Umbrella
Frames division does not fit into this new direction we are taking and we are
currently exploring ways to release cash from this division.
Continuing raw material price pressures and increasing energy costs will
continue to present challenges for the remainder of the year and defence of our
margins remains a priority. We will continue to focus on productivity and the
development of new markets and products.'|
|good - now please can we see some trades go through on the warrants - I have a few k I would like to sell off at a profit... ;-)
I'll take any offers over 5p
|final adjustment to tiltons in issue figs...
15 October 2004
Rights Issue - Underwriting Commission
In connection with the Rights Issue for Amberley Group PLC ('Amberley'), which
closed on 21 September 2004, 1,035,063 Warrants have today been issued by
Amberley to the Underwriters as commissions for their underwriting commitments.
There are now 35,192,158 Amberley Shares and 83,150,096 Warrants in issue.|
|Up go the warrants - tiny spread too. Just a bit of good news and we are all in the money!|
|Following the amendment this morning, there are a few more AMB shares in free float:
ORD 13.07m out of 35.19m
WARR 25.95m out of 82.11m
Spot on in all you say, and I'm sure that Dawnay Day have a good idea on what they are going to do.
There can't be many better punts around, with such a small amount at stake. The great unknown is what value can be created, if any, by a reversal.