Amedeo Res Share Discussion Threads

[blueball] 05/11/2016 14:33

My target is 50p next year.

[chinese investor] 04/11/2016 10:36

I've seen it all before !

[dosser2] 04/11/2016 10:17

100p. Wow I could make 20p noting the price I paid! Make it £2 please.

[blueball] 04/11/2016 09:34

Notice the golden cross this morning will keep an eye on this.

[chinese investor] 04/11/2016 09:21

I sense 100p !

[chinese investor] 04/11/2016 09:10

Good points howdlep !

[howdlep] 04/11/2016 09:01

Obviously the Explorer 1 rig delivery is going to have a big impact on the share price, particularly given the net asset value and cash on hand. However, let's just look at the impact of another rig/vessel order and what that would mean for the company. Remember, in June 2015, in their detailed note, W.H Ireland talked of a 15% profit margin on orders of $150m. So for AMED that equates to:-

$150m x 19% (AMED JV %) x 15% profit margin = $4.275m

Now compare that with the current cap and that current asset value/cash. Even if that margin was reduced, the figures are still excellent. Just imagine, given the proven quality, what an increased oil price would do to both margins and number of potential orders?

Then factor in a complementing acquisition as has been spoken of. Plus MGR Resources' commodity trading, of which AMED owns 49%....

[chinese investor] 04/11/2016 08:48

I added yesterday with some of my LEG profits !

[howdlep] 04/11/2016 08:43

Real interest today but mm's struggling to pick up stock, so having to raise prices with nearly every buy.

We know the rig delivery RNS is coming soon. Mind the gap (up) when it does!

[knicol46] 02/11/2016 09:42

All mm's sitting on same bid and same offer - about to make their move

[chinese investor] 02/11/2016 09:25

Looking Good !
I May Be Adding Soon !

[knicol46] 02/11/2016 09:22

18p offer - on the move

[knicol46] 02/11/2016 08:53

cant buy small volume current - looking very positive

[howdlep] 01/11/2016 11:56

It's 15.252p for 20k, 15.11p for 30k. Max to buy is 20k @ 16.9p. Premium after that.

So liquidity improving slightly which is good. Tick up coming shortly.

[knicol46] 01/11/2016 11:48

around 50p nav at last report

33m shares in issue
net assets $20.6m
$4m in cash at last report

even 30p share price is still 40% below nav at last report

current mcap around £4m – well undervalue

[knicol46] 01/11/2016 11:43

about to tick up

[oilbuy] 01/11/2016 09:03

Looking great now. Anticipation on news !

[knicol46] 01/11/2016 08:46

hxxp://www.braemaroffshore.com/rig-list-October-2016/

page 12
Progressing nicely, delivery due anytime 2016

[chinese investor] 01/11/2016 08:33

I sense 20p.

[daveandlaura] 01/11/2016 08:31

16.5p paid will it go higher today?

[daveandlaura] 31/10/2016 20:22

Think a good target here is 30p but you never know may surprise for the better, looks a good target on the charts also.

Imagine what another rig contract would do on the back of delivery of Explorer1 !! would be nice hey

[knicol46] 31/10/2016 15:52

would expect a minimum 20p price for starters upon positive news

if share price doubled would still be below AMED net asset value

well undervalue

[howdlep] 31/10/2016 15:23

Interestingly, if you removed the top 4 shareholders who account for 80.76% of the shares (whose holdings have remained constant) you are left with just 6.28m maximum to trade into any good piece of news. So contemplate how incredibly difficult it will be to acquire stock and what mm's will have to do to attract sellers, once a good RNS is released:-

32,653,843 shares x 19.24% = 6,282,599

[knicol46] 31/10/2016 14:52

sp +18%, only 4 mm's control this stock - only 33m shares in issue


The contract value for the Explorer 1 rig was upgraded in July 2013 to $175m

Explorer 1 news due anytime this year - positive news will see a large % climb - good luck all

33m shares
net assets $20.6m
$4m in cash at last report

current mcap around £4m – well undervalue

[howdlep] 31/10/2016 14:46

This will get interesting once volume picks up a little more, as mm's have no choice to raise prices to meet demand. Of course, the same applies in reverse, but we know we are awaiting that rig delivery RNS.

Currently 14.52/16.5 for 20k