||EPS - Basic
||Market Cap (m)
|mabrosan: Right.... doesn't make sense to me, mind you I'm a simple soul and when the math doesn't add up I can only see that this must be a gift horse to some one with enough clout to take it on, proper 'due diligence' would be a must of course! Problem is that institutions own large percentages and perhaps they are playing a waiting game. Montoya seem a bit of a dark horse...can't find out much about them except they have $$ and 26% of the company. I'm surprised that Noble haven't acted, it must be a lucrative almost 'in house' operation which they may lose when Averae are broken up by a predator. Seems to me that a NAV, (last valuation) of over 25% more than the share price is simply putting up a 'for sale' sign! Why the mm drop the bid by .25p beats me. I will stay with these to the bitter end as it seems to me that the only way to get out at a decent price will be a take over or a break up of the company. Sooner or later something has to give! With the capitalisation of the company about the same as a four bed roomed house in Chelsea, it's tempting to see if a few like minded punters would like to get together to give the tree a shake!|
|kiwi2007: Picked this up over on FT Alphaville ... could it be AVR?
"Mr Bonnier pledged two million shares in a listed plc, 300,000 of which were sold last year realising £158,000. However each tranche of shares as they were sold led to falls in the share price, which combined with the falling stock market has meant the remaining 1.7m shares are now very difficult to sell, and at a current MTM price of 6.5p are expected to realise £110,000 at most. Smith & Williamson
Investment Managers are custodians of the shares and I am monitoring the price with a view to disposing of this holding."
Didn't mention Avarae Global Coins by name though someone has commented that it may be.|
|kiwi2007: Since late 2008, your Board has been made aware of potentially significant
numbers of Ordinary Shares becoming available for sale from a small number of
Shareholders which, the Directors believe, is having a detrimental effect on the
share price of the Company's Ordinary Shares. Having consulted with some of its
largest institutional Shareholders, the Board is of the opinion that it would be
in the best interests of Shareholders to increase the Company's existing
authorities to make market purchases of Ordinary Shares from 10 per cent. to 25
per cent. of the Ordinary Shares in issue.
As at 31 December 2008, the Company had unaudited net assets of more than
GBP11.0 million, of which more than GBP2.0 million was net cash. The Directors,
and a significant proportion of the Company's Shareholders, believe this cash
should be used to acquire Ordinary Shares if such an opportunity arises in a
manner which increases the net asset value of the Company. The Directors intend
to use the authority granted by the Resolution to make opportunistic market
purchases of Ordinary Shares in order to increase the Company's net asset value
per Ordinary Share, which, at 31 December 2008, stood at approximately 10.9
pence (unaudited). The Directors will only exercise the authority to purchase
Ordinary Shares where they consider that such purchases will be in the best
interests of Shareholders generally and will result in an increase in net asset
value per Ordinary Share.
I'm not surprised the price is falling - their brokers take the mickey when you try and buy - had to split a measly £3.5K order into two this morning and had to pay 6p for the larger slice. Unable to set a negotiated trade using Iweb.|
|greenday: Where's this company going,Company building up assets with capital from sharholders. There is very little news, share price slowly eroding 60% since listing. Stakeholder buying shares still falling, i fear the worst some deal going off in the background wg=hich will leave small shareholder shafted.|
Avarae Global Coins share price data is direct from the London Stock Exchange