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Atlas Mara Share Discussion Threads
Showing 26 to 49 of 50 messages
|ATMA share price is not doing well at all, and no good news seems to be in sight.
If it becomes a success story later, it might be picked by one of the EM investment trusts I am invested in. Not going for direct holding on that one after all.|
|The unaudited 3rd quarter results are in, from an RNS:
More income, less profit...
Still not buying. :(|
|Sinking in the mire of late. Down below 3p today at 2.975p.
Should I buy when it reaches 2p? :o|
|just came across this......
keeping it on my radar.....|
|Forgot to mention that recent FT article about ATMA: "Atlas Mara: waiting game"
For those without an FT membership the following comment posted on said article summarises everything:
'Actually that's the only expertise that Bob Diamond brings : how to overpay executives. Reminds me of Fastjet another African venture led by people with decent credentials but who spend little time on the ground and pay themselves too much.'
Still holding on before investing on that one - if ever - the idea and strategy do seem sound: Africa will develop big time one day so money will move around (hence banking sector will grow), but the share price seems to tell a neverending story of costs, costs and big salaries.|
|Thinking of doing so.
So far waiting has proven to be the right choice. Reading the reports and related news about ATMA every now and then.
This still feels like a good idea for the mid to long term, money has to be made in that sector after all (financials/sub-Saharan Africa).|
|Anyone buying? Been keeping an eye on it only! Tia|
|Moving up this morning|
|Carlyle Backs Diamond's Barclays Africa Bid
Bob Diamond has enlisted support from a major US buyout firm to bid for Barclays' African operations, Sky News learns.
|Jpuff - too risky a proposition for me.|
|Wondered that myself Jonwig so is now not a good time to buy or what's your opinion?|
|Price is USD. If they buy Barclay's Africa that will be a huge fundraising. What will diamond Bob do ...|
|Pounds or dollars - I can't remember but definitely not pence, probably turned up due to Barclays reversing out of the region and Bob D ready to "pounce" - or something like that..|
|Are these priced in pence or what? TIA|
|FWIW I bought a small stake yesterday. The CEO sounded very confident on the conference call about propects for this year and 20% RoE being achievable in the medium term.|
|Still not a "BUY".
|Thanks Jonwig for your very useful insights|
|Jpuff - the possibility of a stable post-election situation in Nigeria has to be a positive.
On the other hand, a big macroeconomic worry is the effect of a rise in US interest rates and its effect on EM currencies. The strong dollar has already affected the accounts of ATMA.
On a long-term view, Africa can't be ignored. But banks have a nasty habit of attracting trouble big time ... and you don't need to visit Africa to see that scenario.|
|Jonwig - thank you for that information, very intriguing ! I continue to watch for now but intend to buy at some point perhaps soon. I'd appreciated your views TIA|
|Worth buying now? Any views folk?|
|We haven't seen any accounts since IPO and acquisitions. The results are on 25th, so I'll come back then.|
|Very quiet here. Anyone watching or thinking of buying? I'm a newbie so any advice appreciated. TIA|
|David Stevenson in the FT today:
It’s on that basis that I’ve recently added Atlas Mara to my own holdings. This is the African investment vehicle of former Barclays boss Bob Diamond and Africa-based entrepreneur Ashish Thakkar. Now the mere mention of Mr Diamond might spark some angst but I maintain that – love him or hate him – he built a remarkable business at Barclays and is one of the most formidable bankers of his generation. His focus on Africa alongside one of the best businessmen in east Africa (Mr Thakkar is Ugandan) is, I think, a big strength.
Atlas Mara is in effect in its “chrysalis phase”, slowly spending money that will in turn allow it to emerge as a big player in Nigerian and African banking generally. It’s already done some big deals involving ADC and BancABC in southern and eastern Africa, invested in a new bank in Rwanda and acquired a chunky stake in Union Bank of Nigeria. This last deal has a fascinating echo – UBN used to be known as Barclays Bank CDO and has now grown into a regional bank with $6.3bn of assets.
Atlas raised $325m at the end of last year and another $300m in the summer and is clearly building a war chest to assemble a regional banking powerhouse. Investors have to take a fair bit of this on trust, of course, but I think Mr Diamond and Mr Thakkar will deliver. If they do, UK-based investors will have a relatively clean way to play what will be one of the major investment stories of the next few decades.
The major investment story is African development.|