Energy Asset Management Share Discussion Threads

[harmoye] 08/5/2009 10:34

MMs tree shake. Wish i had more cash,they always do this before something happens.

[harmoye] 08/5/2009 09:33

Little research. It costs over 1/2 a million pounds for an IPO.

With eam having 1.8 million cash and a cheap backdoor entrance for a new company wanting to get onto aim it's looking a quite attractive punt.

[harmoye] 08/5/2009 07:55

Notice last trade was a 300,000 buy at 0.4p

That last minute tick up looks good for today.

[tomboyb] 07/5/2009 19:10

and there does not seem to be any protection for shareholders once they decide to delist.

[tomboyb] 07/5/2009 19:07

lowrdr as a shell the only route to the AIM market at this present moment in time is via a reverse takeover. Also avoiding companies with buisnesses that look way too cheap in case the decide to delist.

[l0wrdr] 07/5/2009 18:58

i know that, but when you look at it as potential investor and it looks like everyone is offloading its not good. market makers need to sort their spreads out

[harmoye] 07/5/2009 18:22

Lowrdr,

Quote..
"Just got a few more, MMs narrowed buy/sell price 0.37 to buy 0.35 to sell".

The MMs narrowed the spread ,they were mostly buys...

[l0wrdr] 07/5/2009 18:00

looking a the trades today it looks like a selling frenzy, even a 2mill sell, but yet the price is still up on the day....

[harmoye] 07/5/2009 15:07

Just got a few more, MMs narrowed buy/sell price 0.37 to buy 0.35 to sell.

Seem confident on this one....

[harmoye] 07/5/2009 13:02

Andrbea,somethings going on. Pulse, eam, eal,and Macquarie the banker so to speak who have have billions to invest are all in bed together.

Whatever is going on we should know very soon but every possibility will be used to it's full advantage.

Macquarie seem to like the smart meter idea and the massive amounts of money to be made.

[andrbea] 07/5/2009 12:38

if Pulse24 get a big slice of new smart meters market (new plans from the Government), then maybe Maquarrie would consider floating Pulse (or Energy Assets). Granted, there are other players out there (eg qti) but Pulse do the whole range, don't they (gas & electricity & water)?

it's a shame EAM sold out of that (meter) segment back in January (it's now come back under the political spotlight)

[harmoye] 07/5/2009 12:34

cody, most companies have plummeted more than 20 times their true value.

1.8 million now is equivilent to 25 million in a normal market.

We are in the middle of an economic depression where banks don't lend and cash is of 1.8 million is as rare as rocking horse sh*t.

Who do you hold shares in cody? Because if they have no debt and 1.8 million they are doing well.

Oh plus eam are ripe for a a reverse takeover because an IPO is ultra expensive.

[codydotcom] 07/5/2009 12:23

I don't doubt there are some bargains out there. They are bargains because they are crying out for cash.

If one of these bargains get picked up by EAM, they will still be crying out for cash. £1.8m wouldn't last 2 minutes in the sector they are going into.

And they only have £500k at the moment

[harmoye] 07/5/2009 11:00

LOL, don't be silly cody. Most companies are crying out for cash just to exist are down to their last 50,000 and in huge debt .

Eam can takes it's pick of any of these companies and come out with a great deal.

Even some banks don't have 1.8 milion cash and no debt eam are in a fantastic position.

[codydotcom] 07/5/2009 10:46

£1.8m would barely buy a bucket in a field these days - unless that bucket required funding.....

and at the moment they only have £0.5m

[harmoye] 07/5/2009 10:35

So we're talking 1.8 million with 500,000 already paid. So 1.3 million still owing. Not bad for 0.35 mid price share price ..eh?


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 GBP1,848,572 payable in three tranche

[harmoye] 07/5/2009 10:30

Pulse, Energy Assets Limited, and Macquarie link.Energy assets and Energy asset management are one of the same.With Macquarie the multi billion company pulling all the strings.


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 GBP1,848,572 payable in three tranches:
(a) GBP590,953 of the consideration was paid to the Company at Completion;


(b) GBP590,953 of the consideration is to be paid to the Company on 31 December
2009. Of this amount, GBP75,714 is conditional upon Alan McKeating and Philip
Bellamy-Lee remaining in employment with Energy Assets Limited at 31 December
2009; and


(c) up to GBP666,666 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 GBP3,000,000. Of this amount, GBP151,428 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 GBP3,000,000,
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 Rule

[sagem] 07/5/2009 10:28

They would be wise to buy a uranium or coal outfit...these products are required worldwide especially uranium.

[diamond1] 07/5/2009 10:26

There seems to be a lot of ill informed guesswork going on on this BB. I don't understand why people are expecting an RNS. OK, we've had a little spike in the share price but look at the chart, we had similar spikes in March and April and nothing happened. Eventually EAM will invest their very limited cash and we may get a RTO but don't expect it to be soon otherwise you may be disappointed.

[harmoye] 07/5/2009 10:17

Cody,spoke to EAM Energy Asset Management at their head office at Livingston Scotland. Telephone [phone] give them a ring.

[l0wrdr] 07/5/2009 10:12

£1m can buy you alot at the moment. we dont know what they plan to do. maybe they wont go down the exploration route, maybe they will. only thing that will clear it up is an rns which hopefully they will put out soon

[codydotcom] 07/5/2009 10:04

harm - I suspect you spoke to EAL, rather than EAM. They would be excited about the Pulse24 stuff.

lowrdr - Yes there are cash strapped companies who own resource assets. These assets don't need a £1m injection to make them viable, they need many, many times that. The reason they are beaten down is because they have next to no chance of raising the funds required to develop the assets owned. EAM don't have the necessary money to fund an exploration or development campaign, so would have to raise the money - which is exactly the situation those cash-strapped assets are currently in. So what are EAM bringing to the table?

[harmoye] 07/5/2009 09:40

Give the company a ring to clarify all thats bee posted, it's as easy as that.

I rang them yesterday and they were nice and very helpful.

[l0wrdr] 07/5/2009 09:29

tried a dummy sell and was offered .36 so they are all buys for sure. its a bit misleading putting them through as sells.

why is there "fat chance" of picking up resource assets in the future? now is when there is more chance, due to there being cash strapped companies all over the place with banks not willing to touch them. thats when we turn up with our pot of cash and buy some of their assets. perfectly plausable