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EAM Energy Asset

0.15
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Energy Asset LSE:EAM London Ordinary Share GB00B06LR386 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.15 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Energy Asset Management Share Discussion Threads

Showing 1251 to 1272 of 1375 messages
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
DateSubjectAuthorDiscuss
07/5/2009
08:26
Would be nice Andrbea, but one bloody big company eh?

I just believe Macquarie are pulling all the strings and guiding/advising/helping eam to the right deal.

harmoye
07/5/2009
08:17
No. Macquarie own Pulse 24, and Energy Assets LIMITED.

Energy Assets Management owns a little pot of cash, and they hope to buy some natural resource assets at some point in the future. Fat chance imho.

Forget about the metering business. EAM have nothing to do with that any more.

If this runup is on the back of that newspaper report here a few days ago, then it is mistaken imo

codydotcom
07/5/2009
08:17
maybe macq should reverse into the listing ;-)

would make things a whole lot simpler (as they own all these tiddlers...)

andrbea
07/5/2009
08:15
Yep, another big tick up.
harmoye
07/5/2009
08:14
Andrbea you know i love you and think your very astute.

The point i'm trying to make is that Macquarie worth $30 plus billion owns both Eam and pulse 24,and are effectively running the show.


Lowrdr....according to my online traing they are all buys.

harmoye
07/5/2009
08:07
i was just about to ask if anybody has bought and knows if they are buys or sells. advfn arent to good with their guesses on this 1 are they. mind u sorting the spread out might help
l0wrdr
07/5/2009
08:04
All shares at 0.0038p shown as sells ARE ALL BUYS I have just bought and it is shown as a sell ADVFM guessing wrong again
sagem
07/5/2009
07:45
See what i mean...


Pulse 24 is a wholly owned subsidiary of Energy Assets Limited, a leading provider of metering solutions and accredited Meter Asset Manager (MAM). Together Pulse 24 and Energy Assets are owned by Macquarie Group.

harmoye
07/5/2009
07:42
Andrbea,Macquarie look to be handling the whole issue and they are a big player!

Macquarie Funds Group is a global asset manager offering innovative managed funds and structured investments. We manage more than £30.2 billion of assets invested in areas such as infrastructure, private equity, listed real estate, commodities, resources, equities, fixed income, currency and fund of hedge funds (as at 31 December 2008).

Our business is driven by a team of 600 professionals located in 19 offices around the world, including teams in London, Frankfurt, Munich, Vienna and Zurich.

We are part of the Macquarie Group - a global provider of banking, financial, advisory, investment and funds management service

harmoye
07/5/2009
07:40
The Company will seek to acquire assets, companies or businesses in the United
Kingdom and Europe in the energy or natural resources sector and in the service
sector. The Company may be either an active investor and acquire control of a
single company or it may be a passive investor and acquire non-controlling
shares or other assets or businesses as is considered to be in the best
interests of the Company


"Energy, Natural Resources or Service sector" ....interesting.

harmoye
07/5/2009
07:31
The Company will seek to acquire assets, companies or businesses in the United
Kingdom and Europe in the energy or natural resources sector and in the service
sector. The Company may be either an active investor and acquire control of a
single company or it may be a passive investor and acquire non-controlling
shares or other assets or businesses as is considered to be in the best
interests of the Company


"Energy, Natural Resources or Service sector" ....interesting.

harmoye
07/5/2009
07:08
See what you mean Andrbea,but why are they still using the companies name,why not pulse 24?
harmoye
07/5/2009
06:54
the point is:
if pulse earns 'x' pounds in turnover in 2009, will that be reported as a private company (Pulse) or will it appear in EAM's turnover?

I think the former
In which case EAM is merely a call center for Pulse.

andrbea
07/5/2009
06:50
Andrbea, they still answer the telephone as Energy Asset Management although openly stating they and Pulse 24 are the same company, so they are still using the same name.

Imo i think rns will be quite soon.

Will be speaking to them again on friday when ceo is back from the management meeting as stated in my earlier post.

harmoye
07/5/2009
06:35
if you allowed an energy resources company to reverse into EAM, you'd need a whole new management (not much in common between water/gas meters and energy exploration)

so an is RNS sorely needed..

the meter business has cleary been sold off.

So unless pulse 24 takes over the listing, they'll have to go forwards as a cash-rich shell.

andrbea
07/5/2009
06:30
So we are looking for a new company in the ENERGY sector, so does this mean EAM is not in the metre business any more....any answers
sagem
06/5/2009
17:42
Ok chaps see what you mean. More upside than even i first imagined.

But please feel free to give the company a ring,they were very chirpy and most helpful.

harmoye
06/5/2009
17:22
332 million shares in issue and a "potential" cash windfall. very difficult to list on aim anyway so any company coming to aim most probably will take this route in the current climate.
tomboyb
06/5/2009
17:22
maybe they have found a decent aqquisition. something is going on in the background.
l0wrdr
06/5/2009
17:11
harm, as per last results.

Post Balance sheet events




On 9 January 2009, the Company sold its interests in Energy Assets Limited, a wholly owned subsidiary of the Company and its principal trading entity.

Under the terms of the sale agreement, the Company sold the entire issued share capital of Energy Assets Limited to Macquarie Energy Assets Holdings Limited, a wholly owned subsidiary of Macquarie Group Limited, for an aggregate consideration of up to £1,848,572 payable in three tranches:

(a) £590,953 of the consideration was paid to the Company at Completion;




(b) £590,953 of the consideration is to be paid to the Company on 31 December 2009. Of this amount, £75,714 is conditional upon Alan McKeating and Philip Bellamy-Lee remaining in employment with Energy Assets Limited at 31 December 2009; and




(c) up to £666,666 of additional consideration is payable to the Company on or about 30 June 2010 conditional upon the net profit attributable to the activities of EAL and Pulse 24 Limited (a wholly owned subsidiary of Macquarie Group Limited) for the financial year ended 31 March 2010 being equal to or exceeding £3,000,000. Of this amount, £151,428 is conditional upon Alan McKeating and Philip Bellamy- Lee remaining in employment with Energy Assets Limited at 30 June 2010 and to the extent that profit is less than £3,000,000, the payment will be scaled down proportionately.




The Company has also subsequently disposed of its interests in other minor subsidiaries for a nominal sum and accordingly the Company has now become an investing company under the AIM Rules.




The Company has extended the accounting reference period ending on 31 December 2008 so as to end on 31 March 2009 so as to better inform shareholders by presenting audited Financial Statements made up to a period after the disposals. Meanwhile, the Company now presents these Second Interim Financial Statements.


so it is a shell with cash.

tomboyb
06/5/2009
17:01
Meta, news shareholders have not heard of in any rns.

RNS will be issued shortly confirming pulse eam tie up etc.

Meanwhile DYOR and telephone the company on 01506 425660

harmoye
06/5/2009
16:34
Guys and gals, please read the previous RNSes. EAM was in the meter business but the banks pulled the plugs late in 2008 so they had to sell their business to Macquarie, who also own Pulse 24, for a pretty knock down price. Macquaire combined the old EAM and Pulse businesses back at the start of 2009.

EAM got £591k immendiately for the business, plus £591k due 31/12/09 and up to £667k due 30/6/09 depending on combined old EAM/Pulse 24 business.

So the Pulse 24 stuff is old news and nothing to do with the current investment strategy.

metaphysicalman
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older

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