Asset Management Investment Share Discussion Threads

[tiltonboy] 09/6/2008 10:11

Excellent statement from CLIG. FUM's holding firm, and a better than expected dividend going to shareholders.

[badtime] 06/6/2008 20:27

Apparently ther was some research carried out recently tht suggested directors buys r more influential re share price thn sells...if tht helps....i added a few more ths week

[glynnef] 06/6/2008 18:26

Sold by a non-exec director Barry Ayling. He retains about 100,000 shares. Adds a bit to the NAV, but director sells are always worrying.
GF.


ASSET MANAGEMENT INVESTMENT COMPANY PLC

("the Company")

The Company announces that on 06 June 2008 it repurchased 250,000 ordinary shares for cancellation at a price of 117.50 pence per share. Following the purchase and cancellation of the shares, 19,116,333 ordinary shares of 25p each will remain in issue.

The above figure of 19,116,333 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the Disclosure and Transparency Rules.

[tiltonboy] 04/6/2008 09:49

Just doing a little bit more tinkering with figures, and trying to come up with a dividend forecast for future years.

The company have stated that they expect to have distributable revenue of around £1.3m this financial year, which equates to 6.7p. In subsequent years they will benefit from the repayment of the last two tranches of $4m of the conversion rights on FX Concepts, plus the interest earned on cash deposits following the disposals of Hillview and FMA.

Without any further disposals, I would anticipate dividends increasing by around 0.7p in each of the following two years, reaching 8p in 2010. Of course, any other disposals, and in particular the Ordinary shares of FX Concepts, could see the dividend higher.

My base case for dividend payouts is that the revenue stream from it's holdings remains unchanged. In difficult markets, this could of course change.

2011 is where it becomes tricky as the FX Concepts loan will be repaid, with the subsequent loss of a major part of the revenue stream. However, by that stage, I would hope that the company will have disposed of most of it's holdings, and will have repaid a large chunk of capital back to shareholders.

All IMHO and as always DYOR.

tiltonboy

[ntv] 04/6/2008 09:33

take a look at vle
interesting co with plenty to go for and like amn pretty safe

[tiltonboy] 03/6/2008 08:29

Another tidy-up of the portfolio. Not a massive deal, but it adds nearly 2p to the NAV(adding in the deferred).

The next installment of $4m from the sale of the conversion rights in FX Concepts is due in the next month, which will add to the cash pile. It would be nice to see FX Concepts calling the Ordinary shares, and putting further cash in the bank for AMN.

Even with an unchanged income stream from it's investee companies, the dividend looks as if it can be increased steadily over the next few years, as interest payments will turn into interest receivable, as the bank loans have been paid off.

Happy to hold in these uncertain times.

tiltonboy

[tiltonboy] 18/4/2008 18:38

Now, I'm well pleased with that sale of CLIG. In excess of £900K moves into cash, and de-risks the portfolio further.

A further sale from the unquoted portfolio sometime this year would be an added bonus.

The next installment from FX Concepts is due in July, which will aid dividend payouts in the future.

tiltonboy

[ianbrewster] 27/3/2008 11:13

Another director buy at City of London

City of London says business development director Yuste buys shares at 335p each

LONDON (Thomson Financial) - City of London Investment Group PLC said its
business development director Carlos Yuste has purchased 13,000 shares at 335
pence each, lifting his stake in the company to 29,575 shares or 0.12 pct.

[davebowler] 18/3/2008 13:36

HBOS drops 13% in a day, Asset Management 0%- that's what I call resilient!

[davebowler] 29/2/2008 11:30

MUMBAI (Thomson Financial) - City of London Investment Group PLC said it has facilitated the disposal of one of its major shareholders FMH's total holding of 7.93 mln shares in the company at 320 pence each, through a company buyback, purchases by the company employee share option plan (ESOP), directors and through institutional purchases.

The asset management group said it purchased for cancellation 1.42 mln shares, after which the share capital stands at 25.36 mln shares.

Chief executive Barry Olliff purchased 625,000 shares taking his total stake to 4.58 mln shares or an 18.0 pct stake, after the buyback.

David Cardale, a non-executive director has purchased 156,250 shares, which is a 0.6 pct stake post buyback.

The ESOP bought 400,000 shares while the remainder of FMH's holding of 5.33 mln shares was placed with institutional investors.

[tiltonboy] 12/2/2008 15:01

dave,

Further good news from AMN, moving unquoted assets into cash.

Underpins the current share price, at least.

tiltonboy

[davebowler] 12/2/2008 14:56

Asset Management says sells stake in Principal Investment Holdings




LONDON (Thomson Financial) - Asset Management Investment Co PLC said it has
sold its stake in Principal Investment Holdings Ltd for an initial 2.5 mln stg
in cash which will be received on completion, expected to be in March.
A deferred payment, calculated by reference to the performance of the FTSE
100 Index in 2008, will be received on the first anniversary of completion.
Asset Management said its holding in Principal was acquired in exchange for
an investment in Turnstone Holdings Limited, which merged with Principal in
2003. Had the company received the total consideration payable at completion it
would represent a profit of 1.23 mln stg on the original investment, it said.
Asset Management said it plans to use the proceeds from the sale to repay
debt and for continuing the buy back of its shares

[ianbrewster] 01/2/2008 14:31

There is a piece on City of London in the results section of today's IC

' ..prospective PE of 13 is modest and the expected dividend yield is high. The shares remain good value'

[davebowler] 29/1/2008 16:16

LONDON (Thomson Financial) - City of London Investment Group PLC posted a record turnover and pretax profit for the six months ended Nov 30 and said it remains well positioned to continue its growth.

For the first half, pretax profit rose 72 pct to 5.3 mln stg from 3.1 mln stg in 2006, while revenues grew 46 pct to 12.1 mln stg.

The emerging markets asset management company said funds under management on Jan 21 totaled 4.25 bln usd, as well as a further 300 mln usd still to be funded from recent mandates that have been won. The company said that funds under management at the end of the first half reached 4.59 bln usd.

Andrew Davison, chairman, said: 'Continued growth in funds under management, a maintained focus on control of costs and the operational gearing inherent in the business, fed through to a sharp increase in profitability for the first half'.

The company reported an interim dividend of 6 pence per share, which implies a final dividend of 12 pence per share.

[tiltonboy] 21/12/2007 09:10

This little buy back adds 0.2p to the NAV. Let's hope they can pick a few more up.

[tiltonboy] 12/12/2007 11:11

Nice to see a disposal of one of the smaller holdings, albeit over a period of time.

I would like to see them sell a few more CLIG, but they seem confident of a higher price.

tiltonboy

[mangal] 10/12/2007 15:23

With the rise in CLIG today, the discount is probably well over 30% now- that's ridiculously cheap; I've topped up.

[tiltonboy] 10/12/2007 14:53

NAV over 144p per share, and CLIG through the roof today.

Figures due this week, so it will be interesting to see what they do with the dividend this year.

[tiltonboy] 06/11/2007 08:57

jimbox,

IFDC have recently reported results to end SEP, so AMN may have revalued that holding.

tiltonboy

[jimbox1] 06/11/2007 08:35

The bump up in net asset value in the last few days cannot all be due to CLIG. Some could be due to a revaluation of unquoted investments. Anyone any views on this?

The share price reaction to the 10p hike in NAV since 26 October has been distinctly muted and the nearly 30% discount to NAV is ridiculous. Let's hope the change of broker/advisor presages some action.

[poacher45] 05/11/2007 13:22

I must admit he seems better in the oppositions penalty area than in ours.

[tiltonboy] 05/11/2007 12:40

Nice jump in NAV. Now at a peak of 143p.

poacher,

What did I say about him being $h!t in the air!!!!!

tiltonboy

[tiltonboy] 02/11/2007 09:52

poacher,

Hadn't spotted that news. Decent in the Championship. Good on the ball considering his height but $h!t in the air!!!

tiltonboy

[poacher45] 02/11/2007 08:27

I agree asset value looks good to me. Should I say thankyou for Tiny tiltonboy?