|Asset Man Inv
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Real-Time news about Asset Man Inv (London Stock Exchange): 0 recent articles
I believe FUM at IFDC have fallen quite markedly, although dividends have held up. As IFDC still accounts for about 30% of the NAV, I worry that a further hit to the valuation might come. Looking further ahead, I'm not certain where the exit is for this investment.
I have asked the company to consider selling part of the holding in CLIG, but they believe the share price had further to go. I have reminded them that their mandate is to liquidate the remaining holdings, and not to take a view.
With the loan note of IFX redeeming in 2011, it would be nice to see the other holdings having been liquidated as well. After that, the revenue stream will be severly depleted.
The company are in their close period, and are unable to buy back shares. I would like to think that once the figures are out, and subject to a) the discount remaining, and b) stock being available, they will buy stock in.
you were right. I got the broker notification today - 27p per share.
Nice to see - should bring AMN to the notice of others ! I just hope the share price does not fall quite as far as 27p. Thank you for pointing AMN out to us.|
|glynnef: We have a return of capital amounting to around 33p per share in December by my calculations. This will depress the NAV by the same amount.
I doubt the share price will fall quite as far, as this would result in a much bigger discount to NAV than we currently experience.
So that suggests holding for now, but the NAV is a matter of the board's opinion anyway.
Further good news from AMN, moving unquoted assets into cash.
Underpins the current share price, at least.
|jimbox1: 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.|
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.
|jimbo3352: 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.|
|oniabsta: 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 :-)|
|jimbo3352: I follow the IAM share price and noticed the directors purchase of CULS. Given the CULS would be redeemable at par in Jan 2008 it looks like a bit of a fire sale price even given that achieving the strike price of 95p per IAM share looked unlikely.
The AMN share price seems to be taking a battering today: I'm not unhappy I sold a chunk last week to buy Standard Life. I wonder which way the price will go when AMIC announce their continuation plans?|
|jimbo3352: Tilton, perhaps not, more accurate to say you have highlighted the income attractions of this share as the investments are realised.
I see the share price is ticking up today on apparently modest demand. Given that (post approval of FX) around 85% of Amic's portfolio will either be quoted or realisable at specific values not dependent on Directors' valuation, the share price discount to nav effectively relates just to IFDC and Principal, both of which appear to be doing rather well. Hopefully the discount will continue to narrow.
Is anyone planning to attend the egm on 29 June? It would be nice to have some reassurance that continuation proposals will not involve fresh investments.|
Asset Management Investment share price data is direct from the London Stock Exchange