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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Asia Resource | ARMS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 36.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 36.75 | 36.75 |
| Top Posts |
|---|
Posted at 13/5/2016 20:18 by hedgehog 100 01/04/2016 16:00 UK Regulatory (RNS & others) Strat Aero PLC Corporate Update and Board Changes LSE:AERO Strat Aero"... Corporate Update Following the announcement released on 11 December 2015 regarding the acquisition of Texas based Aero Kinetics, the Company has filed a legal action in Texas, USA against Mr W. Hulsey Smith, the vendor of Aero Kinetics on counts of fraud and breach of contract. Strat Aero has also terminated the services of Mr W. Hulsey Smith, Chairman and CEO of Strat Aero's subsidiary Aero Kinetics with immediate effect. Further updates in connection with this legal action will be made as appropriate. The Company continues to make good progress across its various other business divisions, particularly, the Company's 100% owned subsidiary Geocurve Holdings Limited, a specialist in the provision of UAV operated topographical surveys and inspection services to blue chip customers, including the UK's Environment Agency, EDF Energy, Carillion, and the RSPB. In tandem with this, the Company's proprietary Digital Data Management software ('DDM'), which secured a contract with leading aviation industry service provider ReadyJet on 1 March 2016, continues to attract potential new customers in line with the Company's roll out strategy to new industries and geographic regions. In addition, as announced on 19 February 2016, Strat Aero secured its first orders in the wind sector and discussions are ongoing with other operators. A full trading update, alongside the full year results for the year to 31 December 2015, will be released in due course. Importantly, investors should note Aero Kinetics was not projected to have a significant impact on the performance of the group in the near future...." 15/04/2016 12:07 UK Regulatory (RNS & others) Strat Aero PLC Update Regarding Litigation LSE:AERO Strat Aero "Strat Aero Plc, the AIM quoted international aerospace company focused on the Unmanned Aerial Vehicle ("UAV") sector, announces that, as anticipated in the announcement made on 6 April 2016, the Company and its directors have received a defence and counterclaim from W. Hulsey Smith. The Company continues to believe and has been advised that it has a strong claim and a robust defence against Mr. Smith. The Company intends to vigorously pursue its claims against Mr. Smith and believe his counterclaims and purported defence to be without merit." |
Posted at 15/4/2015 11:37 by naughtynicky72 "The possible offer to ARMS shareholders would provide a full cash offer at a significant premium for all equity holders, while providing a much stronger operational platform for the coal asset in Indonesia, and subsequently a more tangible solution for all debt holders. We urge investors to reject the opportunistic attempt by NR Holdings to gain control of ARMS without making a full and fair offer to its other shareholders," Kin Chan, a partner at Argyle Street Management, said in a statement . " We urge investors to reject the opportunistic attempt by NR Holdings to gain control of ARMS without making a full and fair offer to its other shareholders " So I wonder what Kin Chan would say is a full and fair offer is ? . NOT 41 P BY THE LOOKS OFF IT ! . |
Posted at 15/4/2015 08:38 by h2owater REPEAT: UPDATE: Fund Mulls Takeover Offer For Asia Resource Minerals (ALLISS)Wed, 15th Apr 2015 06:39LONDON (Alliance News) - A vehicle supported by hedge fund Argyle Street Management and Singapore's Sinarmas Group Tuesday said it is mulling a takeover offer for Asia Resource Minerals PLC, presenting a possible "white knight" alternative to an existing restructuring plan backed by financier Nat Rothschild and recommended by the company.The potential offer showed that Sinarmas is funding Asia Coal Energy Ventures Ltd, a company managed by Hong Kong hedge fund manager Argyle Street Management Ltd, which already owns a 4.65% stake in Asia Resource Minerals. The offer would aim to acquire the shares not already owned by Argyle Street Management for 41 pence per share.The Asia Coal Energy Ventures' alternative proposes an equity financing of USD150 million at 28 pence per share by Asia Resource Minerals, a fundraising which the vehicle would underwrite. Those funds would be put to reducing debt and exchanging its existing 2015 and 2017 notes.The news presents an alternative to Asia Resource Minerals, which has asked shareholders to vote in favour of the separate recapitalisation plan backed by Nat Rothschild at a meeting scheduled for April 22. Under that proposal, Asia Resource Minerals is looking to raise USD100 million in an equity raising open offer priced at 25 pence per share underwritten by Rothschild's NR Holdings vehicle. The Rothschild-supported deal also include a restructuring of debt in the form of notes due in 2015 and 2017.Asia Resource Minerals, which was formerly known as Bumi, responded with a statement in which it said that it has "received no communication from ACE (Asia Coal Energy Ventures) in respect to such a possible offer".Argyle Street Management plans to vote against the existing restructuring plan at the general meeting."The possible offer to ARMS shareholders would provide a full cash offer at a significant premium for all equity holders, while providing a much stronger operational platform for the coal asset in Indonesia, and subsequently a more tangible solution for all debt holders. We urge investors to reject the opportunistic attempt by NR Holdings to gain control of ARMS without making a full and fair offer to its other shareholders," Kin Chan, a partner at Argyle Street Management, said in a statement."We welcome the involvement of a group of the stature of Sinarmas as a 'white knight' to this key Indonesian asset," Kin Chan added.According to the statement, Asia Coal Energy Ventures Argyle Street Management, Sinarmas are seeking to enter talks with Asia Resource Minerals about the possible offer and restructuring."For the avoidance of doubt, if the Asia Resource Minerals board declines to engage in constructive dialogue with Asia Coal Energy, Asia Coal Energy may proceed with the possible offer in any event," the statement said.Asia Resource Minerals shares closed flat at 15 pence on Tuesday.By Samuel Agini; samagini@alliancenew |
Posted at 10/4/2015 20:55 by kenmitch Thanks naughtynicky but there must be a catch. Investors Chronicle say take up the open offer. They don't say why. I just can't fathom why anyone would want to buy more at 25p compared with the 14p available today. So the IC advice makes no sense at all.... until someone can explain what we seem to be missing.Anyone else reading this bb have any thoughts please???? |
Posted at 05/3/2015 12:48 by wilfy75 Hello, I'm a newcomer to this board and am grateful to 99Jeremiah for directing me to it. I've been looking at litigation by small caps as an investment strategy for a while and have recently been invested in:- FITB (on the basis of the trademark claim in the US - now closed my position) - OXS (BIT claim vs Uzbekistan - currently long awaiting hopefully good news!) - RML (BIT claim vs Venezuela - small long position awaiting jurisdiction award) - CHL (BIT claim vs Indonesia) I would like to take a position in Khan Resources (currently worth one third of their recent award against Mongolia) but as a UK investor they seem closed to me unless their shares are cleared through CREST. Other claims I'm watching include JKX (claim against former directors) and I'm hoping to trawl though the publicly disclosed BIT and other treaty claims to find some other potential pearls among the swill. By way of background I'm a finance lawyer who sees a reasonable amount of litigation and have considered launching a BIT claim in my professional capacity so I have some relevant insight. I look forward to exchanging views with those on this board, learning a lot and hopefully collaborating to make a decent amount of money ... GLA! |
Posted at 01/1/2015 11:43 by illuminati1 The Times todayAlistair Osborne: Business commentaryLittle beats the story of a proper chancer. So top marks to Rosan Roeslani for seeing out the old year in style by getting done over in a Singapore arbitration court and reminding us all of the Bumi scandal.Mr Roeslani is not a household name. But there's no knocking the part the company's ex-director has played in turning the coalminer into the financial black hole it is today. It's gone from Bumi to almost busty, even if it's now changed its name to Asia Resource Minerals (Arms). Not quite what financier Nat Rothschild had in mind, back in 2010, when he did his fateful $3 billion deal with Indonesia's Bakrie family and boasted that investors would make "two or three times their money" from this "London-listed Indonesian resources champion".Sadly not, partly because money kept vanishing. Let's overlook the failure of Mr Roeslani, once owner of a 13.4 per cent stake, to disclose that he was part of a shareholder concert party with the Bakries. Or how, on his watch running the company's Berau subsidiary, a $75 million "investment" in the Chateau Asean Fund 1 clean disappeared. Instead, just focus on the subject of the Singapore court: the $173 million missing from Berau for which Arms found "no clear business purpose".Without admitting liability, Mr Roeslani signed a contract in June 2013 to repay the loot. Did he? Don't be daft. Instead he popped up that October as a junior investor in Inter Milan. After that Serie A shocker, Arms's lawyers poked around other assets thought to figure in the Roeslani squad, including two French châteaux, a Beverley Hills mansion and a Spanish golf course.Singapore's ruling compelling Mr Roeslani to pay up gives Arms the legal clout to go after such assets - and surely a reason for the Serious Fraud Office to go after him. It's a big figure too in the context of a £10 million company, which may explain why the shares jumped 500 per cent yesterday to 24½p, helped maybe by hedge funds paid on year-end performance. Yet, there's a big difference between getting a court ruling and extracting the Roeslani readies. And, even if Arms succeeds, it's still got to refinance $950 million debts by 2019. If only Mr Roeslani could make them vanish too. |
Posted at 31/12/2014 12:06 by skier100 This will be in the press on New Year's day. More investors back at their PCs the next day. |
Posted at 31/12/2014 11:50 by skier100 Keep in mind, there may well be a 'New Year rally" in stocks on Friday 2nd Jan 2015. Investors open fresh positions in the New Year and typically push stocks higher. |
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