Asset Management Investment Share Discussion Threads

[glynnef] 06/4/2006 21:46

What about the warrants realting to City of London listed in the portfolio in the 2005 accounts ? Does anyone know what rights they carry and the effect of this float on the valuation. Relatively small value, but it all seems to be adding up nicely.

regards,
GF.

[dbfromgb] 06/4/2006 16:40

Many thanks for that. Lets hope that when the NAV announcement comes through the share price will respond in kind!

Regards

db

[tiltonboy] 06/4/2006 16:03

db,

They did a deal whereby they sold a small amount of their holding pre the IPO. Once the remaining shares of the half of their holding have been placed, the NAV uplift will show through. This could be as early as tomorrow.

Hope that makes sense.

tiltonboy

[dbfromgb] 06/4/2006 15:27

Help please Tilton Boy

Asset Management Investment Company PLC announces that the net asset value per
share as at: 5 April 2006 84.30 p
Unlisted securities are revalued on a monthly basis.
The above NAV per share reflects an uplift of 2.97p per share resulting from the sale yesterday
of part of the Company's investment in City of London Group PLC but does not take account of any
further uplift in the value of the investment resulting from the anticipated listing on AIM with dealings
commencing later this month.
Enquiries:
020 7618 9040

If having sold half their shares for an increase in NAV of 2.97p, how are you calculating your NAV estimate of £1? I am out of my depth here - any pointers welcome.

dbfromgb

[rambutan2] 06/4/2006 13:45

dave, confirms your latest fig...

[davebowler] 06/4/2006 11:07

Jimbo
My figures were from Teathers-I can't explain the difference ,so I confirmed with them again today.They say the total no. of shares are 26,777,800 [this time]-again slightly different!

[tiltonboy] 06/4/2006 10:17

jimbo,

It looks as if your figures are correct, which gives a lower market cap than hoped for. Having spoken to Teathers last week, I'm a touch disappointed, but it looks as if the Charlemagne float didn't help; the shares are now below issue price.

In any event we will be looking at a NAV of 100p, so they look well supported.

tiltonboy

[jimbo3352] 06/4/2006 09:38

I'm impressed with your contacts, Dave. It's pretty hard to find out what's going on. I had thought there were rather fewer shares coming to market (see below) Any idea as to why the figures differ?


City of London Investment Plans AIM Listing On Apr 12
03-27-06 06:04 AM EST
Edited Press Release

LONDON -(Dow Jones)- City of London Investment Group said Monday that it plans an initial public offering on the U.K. Alternative Investment Market on Apr 12.

The company will issue 26,777,800 Ordinary Shares of 1 pence each.

[tiltonboy] 05/4/2006 13:39

dave,

Many thanks. Hopefully there will be a decent aftermarket.

tiltonboy

[davebowler] 05/4/2006 12:32

City of London price is £1.80, applications were scaled back by 28%.

[davebowler] 04/4/2006 11:30

29,277,800 shares in total.6.5m are being sold/ placed of which about half are Asset Management's.Total cap therefore £52.7m- and rising hopefully!

[tiltonboy] 04/4/2006 11:09

dave,

But what does that make the market cap?

We need to know how many shares will be in issue.

tiltonboy

[davebowler] 04/4/2006 10:09

Teathers say the minimum price per share for City of London is £1.80.

[rambutan2] 02/4/2006 18:09

worth noting also that recent stakebuilder advance uk is a champion of corporate good practice...

[rambutan2] 02/4/2006 17:29

hi tilton,

yes, when it comes to anything to do with investment trusts journos inevitably come a cropper - it's as though they (and non trust investors) have a mental block about its. still, that's what makes for opportunity.

i suspect that the city of london float is going to fly to a big premium. do you know how much amn are keeping hold of?

re the fx deal, i still strongly believe that it stinks and would be delighted if it got turned down. however, life moves on and that seems most unlikely, especially so as col has emerged so strongly. and folks aren't going to want to upset the applecart and derate their shares due to further board room struggles.

as with pdt, im happy to stay out of amn as i dont trust the management. that said, i reserve the right to change my mind!

[tiltonboy] 02/4/2006 16:44

ram,

I'm told it is one individual who appears to have some sort of agenda with George Robb.

What disappoints me is that this is an appalling piece of journalism, where no research has been done first.

I've e-mailed Louise Armistead with my views on the article.

tiltonboy

[rambutan2] 02/4/2006 15:36

mr robb certainly seems to have a few enemies...

[davebowler] 29/3/2006 15:25

City of London to be floated at £50m-£60m value apparently- price to be confirmed on Tuesday.

[1729dougdon] 29/3/2006 09:02

Thanks for that I will keep my eye on the AMN website, the jnformation will probably appear there.
1729dougdon.

[tiltonboy] 28/3/2006 16:15

1729dougdon,

Document expected to be posted at the end of April.

Ask your nominee provider to send you a copy. If that fails, ring AMN who will gladly send you one.

tiltonboy

[1729dougdon] 28/3/2006 16:11

I would like to know ,how to access the document you refer to,Has the company posted any circulars to the shareholders?as I am a nominee shareholder I have not received any information, but am hungry for any news.

1729dougdon