Share Name Share Symbol Market Type Share ISIN Share Description
Amedeo Res LSE:AMED London Ordinary Share GB00BZ0XVY42 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 20.00p 19.00p 21.00p 20.00p 20.00p 20.00p 0.00 07:30:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.1 -2.6 -8.0 - 6.53

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Date Time Title Posts
16/3/201714:39******** AMEDEO RESOURCES - 10 Bagger ********386.00
21/9/201614:42Share Price6.00
12/9/201607:40AMED - watch out for conmen and numpties53.00
30/8/201609:18Amedeo Resources.Undervalued stoclk going places 1,973.00
14/7/201608:32well undervalue 19.00

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DateSubject
23/3/2017
08:20
Amedeo Res Daily Update: Amedeo Res is listed in the General Financial sector of the London Stock Exchange with ticker AMED. The last closing price for Amedeo Res was 20p.
Amedeo Res has a 4 week average price of 23.38p and a 12 week average price of 23.56p.
The 1 year high share price is 41.50p while the 1 year low share price is currently 8.50p.
There are currently 32,653,843 shares in issue and the average daily traded volume is 11,524 shares. The market capitalisation of Amedeo Res is £6,530,768.60.
16/3/2017
14:39
davethechef: Chinese Investor, Agreed that the share price is poor, but maybe a contribution or two, by the way of adding further links, headings, to your thread, might help. Possibly copper & iron ore price charts, links, the aforementioned QIC link etc. The rig delivery delay is disappointing. I guess it'll be resolved sometime, hopefully in the not too distant future. But it's not just about the rig(although that should give us a number of £MIll cash-back to Amed's 19% holing) it'll be interesting to see what develops with the Offshore yard. Then there is the likely copper mine greater stake; plus MGR Resources looks increasingly lucrative & proactive, in the improved commodity cycle.
02/2/2017
08:59
howdlep: Yes I agree with you re increasing their copper mine investment by a further 5%. This will be indicative also of increasing copper prices and MGR Resources performing well. However, I do not see AMED selling their 19% interest in the yard, as that is where our share price will grow by a considerable multiple. Indeed, there is no way our 61% shareholder, Qatar Investment Corporation, would agree to its sale. They are only interested in developing the asset and ensuring multiple returns, as the rig market picks up in 2017 and beyond. I will continue to accumulate on weakness.
14/12/2016
12:10
cpap man: Ref: posts 9467, 68 & 69 [FAR 9 thread] Not sure if you ever look at AIM stocks mel but if you do perhaps worth taking a look at AMED? Great looking chart at AMED with a lovely basin [bowl formation] shape plus c&h now all pointing to a share price for AMED some where north of 100p+ melfaraj18 Nov '16 - 11:41 - 9468 of 9848 1 0 Cpap man, AMED, oil thank you for highlighting AMED above. I must admit that in this turbulent market many would veer away from smaller stock running into the safety of the larger more stable and dividend bearing stocks. but this may not be the best of strategies. certainly one has to apportion his portfolio between the stayed and the adventurous!! now, what adds to the fear from a stock such as AMED is the fact that it is an oil prospecting stock, and oil has not been venturing well. but again one can always pick up a gem or two from among such stock. and oil prices have been rising during the recent months. 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. To wrap all, i have added AMED to my monitor. Thank you Cpap man for your highlight. please do not hesitate to post more interesting issues here again. this is a thread for all.
13/12/2016
17:19
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. Http://amedeoresources.com/en/content/7-investments/17-yzj-offshore Http://amedeoresources.com/en/content/7-investments/19-mgr-resources Given the imminent delivery of the Explorer-1 rig, a share price of 50p (more on confirmation) 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. Http://amedeo.projectoskc2.com/en/content/8-investor-information/21-significant-shareholders Shares in issue: 32,653,843 Top 4 shareholders: Qatar Investments Corporation (61.09%) Mena Global Investments (9.20%) Global Tech Investments PTE Ltd (5.28%) Dune Engineering (5.19%) N.B. Qatar Investment Corporation is a wholly-owned investment vehicle of Mr Ghanim Al Saad, Non-Executive Chairman of the Company. 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.
27/11/2016
15:34
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. Http://amedeoresources.com/en/content/7-investments/17-yzj-offshore Http://amedeoresources.com/en/content/7-investments/19-mgr-resources 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. Http://amedeo.projectoskc2.com/en/content/8-investor-information/21-significant-shareholders 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.
17/11/2016
13:29
howdlep: Worth reiterating again that 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%.
04/11/2016
09:01
howdlep: 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%....
13/7/2016
12:26
howdlep: This taken from the June 2015 detailed note:- Note, other brokers will have lower valuations. A lot will depend on order timing, applicable margins, MGR trading, further (positive) investments and general markets. (Note also, obviously all references to share price and earnings relate to BEFORE the 100:1 share consolidation which took effect 1/7/15, so multiply all references by 100). Detailed report begins:- Amedeo Resources is a resource and energy related infrastructure and asset investment company. The Group benefits from a management team with a proven track record, a strong senior partner in its first major investment with Yangzijiang Shipbuilding, in combination with the Qatar Investment Authority as the majority shareholder. Amedeo’s associate, YZJ Offshore, received its first order in 2012 for a Le Tourneau Super 116E Class design jackup rig, which is scheduled to be completed in late H2 2015. Amedeo also owns a stake in a small commodities trading business, MGR, and we anticipate further investments to be undertaken in due course. Whilst the market backdrop has become more difficult following the decline in the oil price, and this is still a relatively early stage in the Group’s development, the medium-term growth potential for Amedeo’s key investment in YZJ Offshore is significant. We initiate coverage with a Speculative Buy recommendation and 0.75p share price target. ---- PER We have constructed a peer group comprising the London listed oil services businesses, with the addition of the two main Singaporean rig builders, Keppel Corporation and Sembcorp Marine. Following the decline in the oil price and subsequent impact on sector valuations, the peer group currently trades on a FY1 PER of 13.5x falling to 12.6x. On EV/EBITDA criteria, the multiples stand at 7.8x falling to 6.4x. However, Amedeo is in its infancy with only one investment and with the profit coming from YZJ’s first rig expected to be lower than for future projects. In arriving at our fair value estimate for the shares, we assume that a 15% operating margin is achieved on each future order constructed (whether it be a rig, an accommodation deck, vessel etc) and that the average order value is US$150m per order. This would imply an operating profit of US$22.5m per contract, US$4.3m/0.08p per share of which would be attributable to Amedeo shareholders. Assuming two major contracts are delivered in FY 2018E and that MGR pays a dividend and interest to Amedeo equal to the Group administration costs, this would result in a hypothetical EPS of 0.17p. Ascribing a conservative PER multiple of 6x, a 52% discount to the year-2 peer group PER multiple, this would imply a share price of 1.0p.
14/6/2016
09:48
knicol46: Results out today - highlights.. Physical build of Le Tourneau Super 116E Class design self-elevating mobile offshore jack up drilling rig ("Explorer 1"), completed and commissioning underway. Explorer 1 expected to be delivered in 2H2016 MGR Resources PTE Ltd ("MGR") posts a profit of US$90,000 despite depressed iron ore prices and difficult market Cash at the year end at US$2,340,000 (2014: US$1,179,000), and post year end at US$4,152,000 Overall, at the period end, net and total assets were US$21,110,000 (2014: US$24,437,000) and US$21,257,000 (2014: US$24,781,000), respectively During the year under review, and in line with Amedeo's policy of aligning Directors' incentives with those of shareholders as well as keeping cash remuneration modest, Amedeo awarded Glen Lau, the Company's Chief Executive Officer, 2,607,211 warrants to subscribe for new ordinary shares of 10p in the Company. The warrants have share price performance and time vesting conditions. They have an exercise price of 100 pence compared with the share price of 35 pence at the time of the award. The net asset value per share at 31 December 2015 was US$0.65 – well undervalue currently
05/5/2015
12:45
howdlep: this is what contract speculation can do for the AMED share price. free stock charts from uk.advfn.com
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