|Three sells above 26p, now let's see if the mm's drop the offer below 26p. I certainly hope they do.
Illiquid stocks create opportunities to sell at the highs and accumulate the dips...|
|Korean shipyard restructuring: what does it mean for offshore rig construction?
Well consolidation in the industry certainly bodes well for the profitable Chinese shipbuilders.
For those who do not realise, Yangzijiang Shipbuilding are our JV partner.
Delivery of the Explorer 1 jack-up rig is imminent.
|A good sign. Hopefully, our 19% JV interest in YZJ Offshore will be rewarded with a new contract in the near term:-
Bangladesh can rank as one of Asia’s more aggressive shipping nations in terms of acquisitions in 2016.
While most of the deals have been done for secondhand tonnage, brokers report a rare tanker order. Bangladesh Shipping Corporation is behind a triple tanker order for handysize 39,000 dwt ships. The contract is with China’s largest private yard, Jiangsu New Yangzijiang, with each ship costing $28.5m and all three set to deliver in 2018.
Bangladesh shipping companies have been very adept at tapping Chinese banks for finance in recent years to build up their fleets.
In other tanker ordering news elsewhere, Azerbaijan Caspian Shipping Company has come in for a pair of small 8,000 dwt tankers which will be built at Baku Shipyard, also for 2018 delivery. No price has been revealed.|
|Hot stock: Yangzijiang up 6.83% to S$0.86
Bodes well for our JV. As has been said before, quality will prevail in 2017.
|although there are some management warrants at 50p, it was good to see the latest (2.6m) were awarded (13/3/15) at 100p (adjusted for 100:1 consolidation undertaken 30/6/15. The original award, pre consolidation, was 260m @ 1p):-
"The Company's policy is to align directors' interests with those of shareholders by remunerating primarily with performance related equity instruments while keeping cash remuneration low."|
|A good start to the day, but still very difficult to buy stock and accumulate. So it's likely to be a premium for size, with mm's having to attract sellers. That means the share price will continue to rise, as we await that rig delivery RNS.|
|Good post howdlep !|
|Quality will prevail in 2017, as yards close or lose orders. That will place AMED, via its 19% indirect stake in YZJ Offshore, in a great position to attract future orders. Of course, AMED could sell their share of the yard and/or make an acquisition.
As for MGR, I will be very interested to see how they have benefitted from the rise in commodity prices.
Given the imminent delivery of the Explorer-1 rig, a share price of 50p could be achievable in the very near future. That is why it is again worth pointing out that the top 4 shareholders, whose percentages have remained static, account for 81% of the shares. That ensures that movements in price, both ways, can be very quick indeed.
Shares in issue: 32,653,843
Top 4 shareholders:
Qatar Investments Corporation (66.37%)
Mena Global Investments (9.20%)
Global Tech Investments PTE Ltd (5.28%)
Dune Engineering (5.19%)
Of those 4, Qatar and Global make up the 66.37% classed as not being in the publics hands. However, both Mena and Dune have remained static for a long time.
So let us suppose that rig delivery RNS is released, or an anquisition RNS or even better still, a new rig/vessel contract, What does that mean in relation to the available shares to be traded?
Well let us exclude those top 4 shareholders. That would mean only
32,653,843 x 19.24% available = 6,282,599 shares
The share price would immediately gap up by a multiple on a new contract and then with almost every trade imo.
Even if we only exclude Qatar and Global Tech that would mean only
32,653,843 x 33.63% available = 10,981,487
Well worth considering holding now before any company transforming RNS and that huge gap up imo.|
|Well done howdlep, you were pretty well 'on the button' there!
From BOWOOD on iii, who I'm sure won't mind copied here, his latest post as follows (well respected, and has been invested in AMED for a long time)
"Not too sure if another order is the important thing here. When the rig is paid for what will happen to the proceeds of sale. Will AMED sell their share of the yard to their partner and receive a massive return of cash or will the JV retain the yard for further work. Why has AMED not made further investments bearing it has £4m in cash and could easily gear up if need be. How can MRG be scaled? The main investors are well respected in the region and I am sure they will be keen to use AMED more pro actively in the near term. Interesting times ahead and I could well see 50p during the next couple of months as news is released. Still a buy IMO "
Agreed, we're all agreed that the next few months especially,should hopefully get very interesting!|
|So was it delayed from the 22/11 or earlier today?
Either way, an indication of what will happen when we get the rig delivery RNS:-
22 Nov '16 - 12:18 - 153 of 159 1 0 Edit
Looks like a decent, maybe premium buy has just gone through. Likely to be delayed, so perhaps revealed at 1.15pm.
As always, mm's struggle to collect stock before the next move up.
22 Nov '16 - 13:31 - 154 of 159 1 0 Edit
well nothing has shown up yet. Intriguing, as it's doubtful that a mm is working a buy order, with limits currently on trading.
All will come clear in due course...|
|46k delayed premium buy @ 28p gone through. That's what we want to see...|
|My share for 2017!|
|My Share For 2016 !|
|Looking Good !|
|Looks like a decent, maybe premium buy has just gone through. Likely to be delayed, so perhaps revealed at 1.15pm.
As always, mm's struggle to collect stock before the next move up.|
|Online buys limited to 7500 @ 26.9p. Tick up coming...|
|From mel...."back to AMED. I like the chart very much. in particularly the rising volume that has resonated with the rises in the price. volume is particularly important, in my estimation, in respect to smaller stocks. Curved bottom charting formations are among my favourite formation. what curved formation chart tells you is that the rate of rises are increasing exponentially! so the rises are going along the lines of 1,2,4,8..etc rather 1,2,3,4."|
|30k delayed buy gone through. Obviously got things moving today.
Now just imagine a rig delivery RNS, further rig/vessel contracts, an acquisition, MGR commodity profitability. Mind the gap (up) and clamour for stock!|
|Good thinking CI.|
|GO GO HORSEY !|
|Headed northwards as i write....|
|and of course the latest CEO Lau options (13/3/15) were at 100p. Furthermore, Director Karim was buying up 1p warrants (20/3/15) from third party holders. Now that is a sign of confidence, particularly as they are only exercisable "after certain share price performance conditions have been met and certain time periods have elapsed"|
|I sense 30p !|
|Great looking chart at AMED
Lovely basin [bowl formation] shape plus c&h now all pointing to a share price for AMED some where north of 100p+|