Asset Management Investment Share Discussion Threads

[davebowler] 23/4/2007 11:39

By the way tiltonboy,have you looked at OCN -in effect an Investment Trust in waiting?

[davebowler] 23/4/2007 11:36

Could be Investment Week-unfortunately I tore it out so can't be sure.
Since posting 343 I received new copies of each mag in the post, so in fact its last weeks copy I mean!

[tiltonboy] 23/4/2007 11:31

dave,

I've had a flick through IA and can't see the article.

tiltonboy

[davebowler] 23/4/2007 11:05

Asset Management Investment Company PLC announces that the net asset value per ordinary
share as at 20 April 2007 is 134.33 pence.
Unlisted securities are normally revalued on a monthly basis.

[davebowler] 23/4/2007 11:05

Nice writeup in Investment Adviser this week by Newlands Fund Research

[oniabsta] 02/4/2007 13:23

135p NAV. Price now on a 20% disc.

[oniabsta] 23/3/2007 10:54

looking at level 2 imo the share price is ready to pop !
(progress onwards perpendicularly) :0)

[jimbox1] 22/3/2007 13:56

Tiltonboy, thanks for your insight. Anyway, it's good news.

[tiltonboy] 21/3/2007 21:14

jimbox,

GR was in the US last week visiting the investee companies, and the rise in NAV might be as a result of his findings. Lombardia Capital(formerly Valenzuela) had been written down to nil value a few years ago, but it seems as if things have been turned around, so it may be the directors have decided to write back some value.

tiltonboy

[jimbox1] 21/3/2007 20:50

5p jump in reported NAV today to 133.28p has left the market stunned into complete indifference.

[glynnef] 07/3/2007 16:55

tilton/oniabsta,

The share price started climbing around the time of your posts. You obviously have influence! Only small quantities of purchases reported as far as I can see, but the share price looks much healthier now.

GF.

[oniabsta] 07/3/2007 11:42

Rec'd prompt reply from George Rob :-

Hi

Thank you for your message. I fully understand your sentiments, and please be assured that they are shared by me and the other Directors.

We have every intention of using the authority which shareholders renewed at the AGM yesterday. It is not quite so easy in practice as it may seem, as we have to make purchases in the market, observing the combined code and the insider dealing rules. Also, at this point in time the shares are well bid, there are no significant lines of stock available, and the Board do not wish to bid aggressively, which would simply close the discount and limit the opportunities to effect buybacks at acceptable prices.

As mentioned in the Chairman's statement in the annual report for 2006 the Company recently bought back 275,000 shares, amounting to 1.27% of the issued ordinary share capital. The Board will make continue this strategy as and when the opportunities present themselves.

Regards

George

Managing Director and Chief Investment Officer
Asset Management Investment Company PLC
32 Ludgate Hill
London
EC4M 7DR

Tel [phone]
Fax [phone]
Mob [phone]
[e-mail]

[tiltonboy] 07/3/2007 11:09

jimbo,

IFDC is doing incredibly well.

tiltonboy

[jimbo3352] 07/3/2007 10:37

It does seem odd that the share price has drifted back when the net asset value is increasing, especially when a much higher proportion of the portfolio is supported by the future receivables for FX Concepts. It would be interesting to see how well IFDC is doing: I tried to get accounts last year from companies registry at Luxemburg but was unsuccessful. I have topped up my holding this morning as the shares do seem undervalued.

[tiltonboy] 06/3/2007 22:37

oni,

I think GR is receptive, but appears to have been voted down by the board. I suggested that the board owe a duty to existing shareholders, and should be using their buy-back powers, especially given the wide discount.

tiltonboy

[oniabsta] 06/3/2007 19:57

Titonboy - an excellent idea. For the sake of getting the message to the company quickly, i used the website to find the direct e-mail of George Robb – Managing Director and Chief Investment Officer (see below) Have e-mailed him to suggest same.

[e-mail]
regards
oni

[tiltonboy] 06/3/2007 17:13

Glynne,

I have written to the company today asking why they haven't used their buy-back powers. Suggest you do the same.

tiltonboy

[glynnef] 06/3/2007 16:47

NAV going up to 131.2p, a special divi, & share price at a 25% discount to NAV.

What more is needed to get the share price moving up again ?

regards,
GF.

[glynnef] 06/3/2007 10:12

Nice little bonus . . . .


Asset Management Investment Company PLC

6 March 2007

Announcement of special interim dividend

The Board of Asset Management Investment Company PLC announces a special interim dividend of 2.0p net per share in respect of the year to 30 September 2007. The dividend will be paid on 20 April 2007 to shareholders on the register at close of business on 30 March 2007.

Enquiries:
Bharat Bhagani
Asset Management Investment Company PLC
Tel: [phone]

Paul Fincham
Teather & Greenwood
Tel: [phone]

[oniabsta] 26/2/2007 16:12

Once again, thanks.

[tiltonboy] 26/2/2007 15:58

On behalf of clients.

[oniabsta] 26/2/2007 15:51

tiltonboy,

Thanks for the info. I must admit to being tempted to top up again but i've a whole pile of these now.

Curious of what you mean't by WE have been picking a few?

[tiltonboy] 26/2/2007 15:30

oniabsta,

Nav up the back of IFDC figures. We have been picking a few more up again today.

tiltonboy

[oniabsta] 26/2/2007 15:12

Nearly 131p NAV and the share price 99.5p! The discount is hard to believe.
At least there has been some buying activity today, maybe we'll see this start to move shortly, fingers crossed :-)

[tiltonboy] 16/2/2007 17:21

Glynne,

That's good news. I did ask the question a few weeks ago, about getting out of the lock-in, and GR said he would speak to T & G about it.

This adds about £60K to the NAV, or about 0.25p per share. Not in itself a big deal, but it may give a bit of ammo towards a share buy-back. I don't think they will use those powers until the IFDC figures come out towards the end of the month.

Disappointing to see the small sale of shares by a Director, but he retains a significant holding.

I'm happy to see an extra £1.9m in cash on the balance sheet.

tiltonboy