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AMBR Ambrian

1.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ambrian LSE:AMBR London Ordinary Share GB0003763140 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1.25 1.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.50 GBX

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Date Time Title Posts
10/1/202111:44AMBRIAN CAPITAL390
20/9/201213:43Boardroom Bust Up-
04/8/201009:35AMBRIAN CAPITAL even Evil won't short this one!1,098
30/4/200707:40AMBRIAN CAPITAL..QUALITY SHARE1
04/4/200719:35Ambrian with Charts & News1

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Posted at 21/11/2014 10:31 by deadly
Born again.

Was Ambrian, then East West Resources (EWR) now Ambrian again.

Seems profitable and undervalued:

12 September 2014

Interim Report for the six months to 30 June 2014

· Profit before tax: US$1.17 million (H1 2013: US$ 1.31 million)
· Net profit per share: US 0.81 cents (H1 2013: US 0.81 cents)
· Total equity as at 30 June 2014: US$ 29.88 million (31 December 2013: US$ 28.96 million)
· Net asset value per share as at 30 June 2014: US 29.7 cents (31 December 2013: US 28.8 cents)
Posted at 21/9/2012 00:31 by koolio
How much worse could it get ?
AMBR directors only had interesest in their own comfort and did nothing for the II.
Still holding EWR, I believe the share price would improve with a board shake up. GLA
Posted at 20/9/2012 13:43 by vanderbilt2
below is an "open letter" from the hong kong shareholder - any views? seems like a boardroom bust up.

------------------------------------------

Open letter to my fellow directors and shareholders of
East West Resources plc


17 September 2012

To My Fellow Directors and Shareholders,


I refer to the announcement by the Board of East West Resources plc ("EWR") dated 7 September 2012 that it had received a requisition from Consolidated General Minerals plc ("CGM") to hold a General Meeting of EWR.

I am deeply concerned that, if passed, the resolutions that will be put forward at that General Meeting could seriously damage the good corporate governance and future prospects of our Company.

If passed, CGM's proposed resolutions will replace the two existing Non-Executive Directors of EWR with two Non-Executive Directors who are representatives of CGM. The result will be that CGM, with a shareholding representing 29.89% of EWR's issued share capital, will have appointed all of the Non-Executive Directors, which will comprise half the board, and that the public shareholders holding 70.11% of EWR's issued share capital will have no representation on the Board.

As a result of these serious concerns SHK, one of Hong Kong's leading financial institutions, intends to vote in favour of retaining the entire existing Board of EWR and will be voting against the appointment of any CGM representatives to the Board. SHK have held our investment in EWR since 2007 and own 10,006,250 ordinary shares representing 9.36% of EWR's issued share capital.

It is in the interests of EWR's shareholders that there is a fair and open debate on the composition of the Board of our Company. EWR shareholders who share our concerns are invited to contact us so that we can ensure that CGM's proposed resolutions are not passed and the value inherent in EWR can be unlocked for the benefit of all shareholders.

Yours sincerely,

Peter Curry

Executive Director, Sun Hung Kai & Co Limited
Non-Executive Director, East West Resources plc


For further information, please contact:
EWRshareholdergroup@tavistock.co.uk

Media Enquiries:
Tavistock Communications
Jeremy Carey/Jos Simson
Tel: +44(0) 7920 3150
Email: jcarey@tavistock.co.uk / jsimson@tavistock.co.uk
Posted at 20/9/2012 13:31 by vanderbilt2
does anyone have a view on this "open" letter from the hong kong shareholder? Sounds like a board room bust up.
---------------------

Open letter to my fellow directors and shareholders of
East West Resources plc


17 September 2012

To My Fellow Directors and Shareholders,


I refer to the announcement by the Board of East West Resources plc ("EWR") dated 7 September 2012 that it had received a requisition from Consolidated General Minerals plc ("CGM") to hold a General Meeting of EWR.

I am deeply concerned that, if passed, the resolutions that will be put forward at that General Meeting could seriously damage the good corporate governance and future prospects of our Company.

If passed, CGM's proposed resolutions will replace the two existing Non-Executive Directors of EWR with two Non-Executive Directors who are representatives of CGM. The result will be that CGM, with a shareholding representing 29.89% of EWR's issued share capital, will have appointed all of the Non-Executive Directors, which will comprise half the board, and that the public shareholders holding 70.11% of EWR's issued share capital will have no representation on the Board.

As a result of these serious concerns SHK, one of Hong Kong's leading financial institutions, intends to vote in favour of retaining the entire existing Board of EWR and will be voting against the appointment of any CGM representatives to the Board. SHK have held our investment in EWR since 2007 and own 10,006,250 ordinary shares representing 9.36% of EWR's issued share capital.

It is in the interests of EWR's shareholders that there is a fair and open debate on the composition of the Board of our Company. EWR shareholders who share our concerns are invited to contact us so that we can ensure that CGM's proposed resolutions are not passed and the value inherent in EWR can be unlocked for the benefit of all shareholders.

Yours sincerely,

Peter Curry

Executive Director, Sun Hung Kai & Co Limited
Non-Executive Director, East West Resources plc


For further information, please contact:
EWRshareholdergroup@tavistock.co.uk

Media Enquiries:
Tavistock Communications
Jeremy Carey/Jos Simson
Tel: +44(0) 7920 3150
Email: jcarey@tavistock.co.uk / jsimson@tavistock.co.uk
Posted at 11/7/2012 06:27 by koolio
6 July 2012

Ambrian Capital plc

(the "Company" or "Ambrian")

Change of Company Name

The Directors of Ambrian Capital plc (AIM: AMBR), are pleased to announce that following the passing of the Special Resolution at the Annual General Meeting ("AGM") held on 29 July to change the Company's name to East West Resources plc, it is anticipated that trading under the new name will become effective from 9 July 2012. The AIM dealing code for the Company will change to "EWR" as from that date.


I think the AGM was held on the 29th June.
Not strong on quality control even while releasing a RNS
Posted at 03/11/2011 13:23 by davebowler
RNS Number : 4282R

Ambrian Capital PLC

03 November 2011

3 November 2011

AMBRIAN CAPITAL PLC

("Ambrian")

Disposal of Subsidiary

Ambrian Capital PLC ("Ambrian Capital") announces that it has entered into a conditional sale agreement for the disposal of the whole of the issued share capital of its investment banking subsidiary, Ambrian Partners Limited ("APL"), to RFC Group Limited ("RFC"), the resources advisory group based in Australia. The Agreement is conditional, inter alia, upon the approval of the Financial Services Authority to the change of control of APL. The consideration for the sale, which is payable in cash, is linked to the net asset value of APL as at 31 October 2011 and as a result of the transaction it is expected that Ambrian Capital will incur a write-down of its investment in APL of approximately GBP1.5 million. The consideration will be applied in providing additional working capital for Ambrian Capital. APL recorded a profit before tax of GBP318,024 for the year ended 31 December 2010 and an unaudited profit before tax of GBP21,289 for the six months ended 30 June 2011. As at 31 December 2010, APL had net assets of GBP7,317,462 (GBP3,571,114 net of an intra group loan) (30 June 2011: GBP7,338,751 (GBP3,541,865 net of an intra group loan) unaudited). Commenting on the disposal Robert Ashley, the Chief Executive Officer of Ambrian Capital said: "In the current market environment, we are pleased to have agreed terms with RFC to acquire Ambrian Partners. With its sector specialism and geographic reach, RFC will enhance the services provided to Ambrian Partners' valued clients."

- ends -

Enquiries


Ambrian Capital plc
Robert Ashley, Chief Executive + 44 (0)20 7634 4700

Macquarie Capital (Europe)
Limited
Steve Baldwin + 44 (0)20 3037 2362
Nicholas Harland + 44 (0)20 3037 2369

M: Communications
Charlotte Kirkham + 44 (0)20 7920 2331
Ann-Marie Wilkinson + 44 (0)20 7920 2343


About Ambrian Capital PLC

Ambrian Capital plc (AIM: AMBR) is a natural resources investment bank active in Commodities, Corporate Finance & Equities and Principal Investments.

Ambrian Metals Limitedis an independent physical metals supplier with a particular strength in refined copper. Through Ambrian Metals' offices in London and Shanghai and agents in New York, Santiago, Sao Paulo, Seoul and Tokyo, it sources non-ferrous metals from producers for distribution to an international client base of metals consumers and merchants.

Ambrian Energy Limitedis a physical energy trading company focused on the supply of biofuels, crude oil and fuel oil. Ambrian Energy deploys agents in Turkey, Azerbaijan, the Middle East, South Africa, USA, Korea and Australia/New Zealand. Ambrian Energy is the founder and manager of Strategic Energy Assurance Limited, a company focused on the needs of governments' strategic petroleum reserves.

Ambrian Partners Limited is known in the market for its leading positions in the metals & mining and oil & gas sectors. It provides corporate finance advice, equity research, sales and trading and market making services. Ambrian Partners is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.

Ambrian Principal Investments Limited is an investment company which holds the Group's principal investment portfolio. It is managed by Ambrian Asset Management Limited, which is authorised and regulated by the Financial Services Authority.

About RFC Group

Established in 1985, RFC is an independent Australian financial advisory group that has become a trusted partner for a broad range of clients across a range of resource-based industries. For over 25 years, RFC has been providing professional guidance and transaction excellence to its clients in the mining, minerals and energy industries, boasting a global network of industry contacts and a successful track record of achievement through specialist financial and technical expertise.

This information is provided by RNS

The company news service from the London Stock Exchange

END
Posted at 28/9/2011 17:00 by koolio
I'm very pi55ed off at the management here, I sold half of my holding today and took the hit. I do agree that the write offs and the cancelation of the divi are to make it a more attractive bolt on.
Good luck all holders.


Ambrian Capital, the natural resources investment firm, has seen its share price plummet 20% following the announcement of a balance sheet loss of £1.46m for the six months to the end of June.

The figure includes a complete write down of the group's holding in its investment banking operation known as Ambrian Partners, which equates to a £2.15m impairment. The reasoning for this is what the firm described as "financial turmoil...in global equity markets"

The loss suffered on Ambrian Partners is partly behind the decision to award no dividend to shareholders for the half year to June.

Net loss per share was 1.49p and the net asset value per share hit 31.48p, up slightly on December 2010 when it stood at 31.14.

Chief executive Robert Ashley said: "The weakness and volatility experienced in global equity markets since the end of March 2011 have weighed on the Group's corporate finance and equities division. As a result, the transaction pipeline has been weakened and primary and secondary placement activity significantly reduced with little visibility for a short term upswing."

He added: "The board is conscious of the substantial discount at which the Company's share price stands to its net asset value and continues to look at ways of reducing this and otherwise enhancing shareholder value."
Posted at 04/2/2011 05:36 by koolio
So, do you think that it's the "Financial Services" label that's frightening investors away?
Don't misunderstand, I like a quiet board and the opportunity to buy more Ambrian shares. However I had imagined that share price would be closer to 40p by now.
As I believe I pointed out in a previous post copper price has risen about 50% from May 2010 yet Ambrian share price trades at the same level or thereabouts.
While there are many who would correctly argue that Ambr have no direct link to copper price rise I believe that they have benefited on the premiums charged.
They need to come out with some good announcements and raise the share price or they will find themselves as a bolt on for bigger name.
Posted at 01/2/2011 14:56 by davebowler
1st February 2011


Analyst: Derren Nathan
Email: derren.nathan@gecr.co.uk
Tel: 0207 562 3671

Ambrian Capital* - Further enhancement to 2010 earnings guidance. Reiterate Strong Buy with a target price of 50.2p
Key Data

EPIC

AMBR

Share Price

27.5p

Spread

26.5p - 28.5p

Total no of Shares

106.92 million

Market Cap

£29.4 million

NMS

6,000

12 Month Range

19.75p - 31.75p

Market

AIM

Website


www.ambrian.com

Sector

General Financial

Contact


Tom Gaffney - CEO - 020 7634 4700

Ambrian Capital, the specialist natural resources investment banking group, has today announced a second positive trading update in as many months. Profits before tax and share-based payment charges for the year are expected to be substantially ahead of the £1.82 million estimated in the Trading Update issued on 7th December 2010.

We are therefore upgrading our full year pre-tax estimates to £2 million (£1.4 million) post share based payments. Our 2011 estimates have also been raised to £3.4 million (£3.2 million). It is worth noting that for 2011 onwards our forecasts assume no gains on the company's investment portfolio. However, Ambrian's track record of successful portfolio management continues unabated and the company today reports continued growth in the value of the principal investment portfolio. We therefore envisage further upside potential from this division going forward.

Ambrian's recovery from its first half losses is a testament to management's focus on swift cost cutting measures, and the ability of Ambrian Partners to leverage its position as a best in class corporate finance and equities house. Further to the trading statement of 7th December Ambrian has today confirmed an uplift in fund raising activity in the last quarter. In December Ambrian partners acted as broker on a £6 million fund raising for Oilex, joint broker on a £41.8 million placing for Kalahari Minerals, and as Nominated Advisor to the AIM IPO of Ferrum Crescent following a successful £10 million fundraising.

While we view the macro-economic outlook with some caution, particularly over copper premiums to which Ambrian Metals is exposed, Ambrian has entered 2011 carrying considerable momentum. Furthermore, the company's efforts to diversify its earnings streams, offer some downside protection. Ambrian Energy (physical biofuels trading) which only launched in 2010 is expected to make a positive contribution this year.

Ambrian has guided that its Net Asset Value per share at 31st December 2010 will not be less than 32.4p. The withdrawal from its LME Futures and Options business will free up capital to support activities which offer a higher return. Despite the steady flow of good news, the shares are still trading at least at a 15% discount to NAV. When you couple this with a current year PE rating of under 10x, and a dividend yield of 5.5%, this makes for a compelling investment case. We reiterate our strong buy recommendation with a target price of 50.2p.
Posted at 15/12/2010 09:21 by nwankwokanu2
Just came across this...........Interesting.



Online PR News – 13-December-2010 –Lee Byers announced today its purchase of a 9.10% stake in Ambrian Capital plc (Ambrian Capital) (AIM: AMBR), forming a strategic business relationship between the two organisations. Ambrian Capital is an independent investment bank listed on the Alternative Investment Market (AIM) of the London Stock Exchange. Lee Byers's investment in Ambrian Capital will be made through a purchase by its wholly-owned subsidiary, Lee Byers Securities Limited, of a total of 9,806,250 Ambrian Capital ordinary shares at a price of 60p (equivalent to approximately MYR$3.55) per share, which amounted to a total consideration of £5,883,750 (equivalent to approximately MYR$34.8 million).

After the share purchase, Lee Byers will own 9.10% of Ambrian Capital's outstanding ordinary share capital (excluding shares held in Treasury). Mr. Justin Lee, Group Chief Operating Officer of Lee Byers said, "Lee Byers is actively looking for opportunities to expand its business into new markets and provide more valuable services to its clients." Ambrian Capital offers a full range of corporate financial services which includes AIM listings, and has proven expertise in natural resources and new technologies sectors. Mr. Tom Gaffney, Chief Executive Officer of Ambrian Capital said, "We welcome Lee Byers as a shareholder and look forward to building our ties with them. We view our link with Lee Byers as an important opportunity to participate in the phenomenal growth that's happening in Asia." Lee Byers and Ambrian Capital have agreed to cooperate in the following business areas in the future: Corporate Finance & Advisory Lee Byers will work closely with Ambrian Capital to raise capital for Asian companies in the European capital markets with a particular focus on AIM listings on the London Stock Exchange. Fund Management Lee Byers, together with Ambrian Capital, will develop value-added investment fund products that can be offered to clients of Lee Byers in Asia as well as investment products with an Asian focus managed by SHKF that can be offered by Ambrian Capital to European investors.

Lee Byers can offer Asian industrial and institutional clients access to Ambrian Capital's London Metal Exchange trading/broking expertise as well as provide broker-dealer services in other commodities. "As the Chinese economy industrialises further, the demand for natural resources will continue to grow and will be matched by the continuing increase in consumer wealth which we have seen over the past decade. Together with Lee Byers, we plan to play a role in managing the flow of international investments into China as well as the international deployment of capital by Chinese companies," continued Mr. Gaffney. "Through this strategic partnership, we will have the opportunity to tap into the European capital markets and investors by providing comprehensive international capital market services to our clients, such as AIM listings and commodities trading in the London market," concluded Justin Lee, A proposal will be made for Justin Lee, to be appointed as a non-executive director of Ambrian Capital at its forthcoming Annual General Meeting.

About Ambrian Capital plc Ambrian Capital plc, formerly Golden Prospect plc, is an independent investment bank quoted on the Alternative Investment Market of the London Stock Exchange (Ticker: AMBR) which has three wholly-owned subsidiaries: Ambrian Partners Limited, a corporate finance advisor and stockbroker; Ambrian Commodities Limited, an Associate Member of The London Metal Exchange and a broker-dealer of LME traded metals and precious metals; and Ambrian Asset Management Limited, a specialist investment management business.

About Lee Byers
Lee Byers provides high quality investment products and services that are tailor-made to meet our client's particular requirements. Our reputation has been built over the last nine years on solid values and investment expertise. Our experience and success has established us as one of the fastest growing investment brokerages in the world today. Further information about the Group is available on Lee Byers.
Ambrian Capital share price data is direct from the London Stock Exchange

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