African Med Share Discussion Threads

[mike111d] 11/4/2013 20:59

The share price is no doubt down at current levels for a reason, so best to DYOR and not get drawn in by a certain poster who I see is now busy promoting this on the CR thread.

The same person typically invests between £1,000 to £2,000 in illiquid stocks hoping for a quick return, that they are illiquid means that the stocks do not respond well to sales.

[knigel] 11/4/2013 20:40

The loan notes appear convertible at 0.30p at any time up to 2017? Will DYOR but the free float could be the key to any re-rating here...

[topinfo] 11/4/2013 20:38

Bought these today

For those that like very high risk but huge rewards then take a look at AMEI which I picked up today. Take a look at newsflow and then decide for yourselves but I think this one has multi bagger written all over it and should really be nearer 0.75p-1.0p rather than the 0.25p share price it is right now.

Of course on positive newsflow this has the potential to go back up rapidly into the pennies and therefore at 2.5p would be a nice 10 bagger.

[h d shoring] 18/2/2013 09:23

According to my maths because the notes have been exchanged at 1.25p the share price should rerate to .82p overall.
Normal aim action would have been to convert at about .2p .

[andrbea] 18/2/2013 08:05

so 74% is now in the hands of Harbinger
if it rises, the free float is going to be small

[andrbea] 30/11/2012 08:21

results at amei (mid price 0.25p)

this share dived big timed because they (are losing) a legal case for one of their hospitals, and will be probably evicted (Harare, loss of turnover there is 0.9m $)
... but they have 4 or 5 hospitals in Africa and our expanding in Mozambique (note: 2 years). Today's rns:

Tete and Lusaka developments

The third dimension to our development strategy, following the stabilisation and growth of our current facilities, concerns the expansion into new geographic locations. This strategy began during the period with the opening of a small clinic in Tete in northern Mozambique. Whilst this remains a small facility compared with our other healthcare units, our objective is to establish a fully-fledged specialist hospital at the site over the next two years. The clinic is now generating modest revenues and with a rapidly expanding mining hub with limited healthcare services currently within easy access, we believe this represents a good opportunity to build a significant business in Tete. In addition, management is in advanced negotiations to secure a hospital management contract in Lusaka, Zambia.

They are priced to go bust but I reckon the long-term financial partner they have will tide them over


stood at 26p a share (2010), now 0.23p mid

[stegrego] 14/11/2012 12:50

andrbea 14 Nov'12 - 12:33 - 205 of 205


amei (high risk this one)
a 600k buy today = 1500 quid
what does he know then?

---------------------------------------------------

Id suggest he knows how to lose 1500 quid....

[andrbea] 14/11/2012 12:33

amei (high risk this one)
a 600k buy today = 1500 quid
what does he know then?

negative: court case looming (tomorrow)

positive: will their eternal funder (Harbingger) really let this one go under (as they've invested in it for years now). Easier to oust the present board I reckon & put in a new team.

19th Oct
African Medical Investments plc, the AIM listed company operating in the African healthcare sector, announces that Harbinger Capital Partners Master Fund I, Ltd ('Harbinger') subscribed on 18 October 2012 for the second and final balance of US$750,000 (the 'Final Balance') under the terms of a convertible loan note instrument constituted on 29 August 2012 (the 'August 2012 Convertible Loan Notes'). The initial balance of US$250,000 under the August 2012 Convertible Loan Notes was subscribed for by Harbinger on 29 August 2012.

[lucky_punter] 03/10/2012 15:49

The opening of a new doctors clinic in the Tete region of Mozambique is an important symbol of progress for AIM quoted African Medical Investments (LON:AMEI).
It is the first step in building a new medical facility that will help support the development of the burgeoning mining region.

[alchemy30] 17/2/2012 15:05

Doesn't sound good unfortunately.

[knitcraft] 08/2/2012 12:27

City hospital in eviction drama
Charles Laiton, Senior Court Reporter | 2012-02-08 09:50:00
There was drama at the privately-owned African Medical Investments (AMI) Hospital yesterday when the Deputy Sheriff tried to evict its workers.
AMI Hospital, in Harare's Belgravia suburb, has been at the centre of dispute between the new owners and Vivek Solanki who says he built the institution, formerly known as Trauma Centre.

The High Court on Monday threw out an appeal by AMI directors against a ruling that confirmed Solanki as the rightful owner of the institution.

Solanki's lawyer Everson Samkange, AMI representatives and the Deputy Sherrif were locked in a meeting as the eviction loomed.

Solanki enlisted the services of a private security company, who came armed, to calm down the situation after AMI workers allegedly refused to move out voluntarily.

Speaking to NewsDay, a visibly angry Solanki said he founded the hospital 17 years ago.

"I had been in partnership with AMI Plc, a London Stock Exchange-registered company for ventures in South Africa, Mozambique, Tanzania and Zimbabwe," he said.

"After AMI failed to honour our agreement, we then abandoned the negotiations for a joint venture in Zimbabwe. I tried to reach an amicable settlement with AMI Plc directors, Andrew Groves, Phil Edmund and an American billionaire, Phillip Falcone, but to no avail," he added.

Trauma Centre was cited as Autobank Investment in court papers while AMI Plc was cited
as Streamsleigh Investment.

High Court judge Justice Francis Bere dismissed AMI's appeal with punitive costs, prompting Solanki to enlist the services of the Deputy Sheriff.

But by late yesterday afternoon the eviction had not been carried out.

Commenting on the appeal, Samkange said: "The appeal is not against Autobank Investment and AMI, as such it has no effect on the current order."

[ceohunter] 09/11/2011 11:39

AMEI presentation from last night's Proactive event:

[ceohunter] 31/10/2011 10:01

The directors of African Medical Investments (AIM: AMEI), Xenetic Biosciences (AIM: XEN) and e-Therapeutics (AIM: ETX) will be presenting in London on:

Tuesday 8th November 2011

Venue: Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

REGISTER YOUR ATTENDANCE HERE:

[camgeo4] 21/7/2011 10:03

bethany you and i should talk !!

[bethany3] 05/7/2011 15:04

Phil Edmonds and Andrew Groves of the infamous White Nile, CAMEC, Agriterra, etc, touch this at your peril!

[pre] 05/7/2011 12:37

what about the investigation going on per the previous rns?

does anyone have any news on that yet?

[tomboyb] 05/7/2011 11:47

GO AMEI GO!

[tomboyb] 05/7/2011 11:31

Go AMEI go!

[camgeo4] 15/3/2011 13:28

andrew groves should be used to arrest warrants by now had so many himself

[pylewell] 09/3/2011 15:54

Today's rns re arrest warrants for previous employees should at least indicate some chance of recovering funds. Yesterdays announcement re opening of hospital in Harare and the launch of Air Ambulance service is excellent news and certainly does not justify today's drop in price by 11%. We should see upward movement from here.

[pylewell] 01/3/2011 13:41

Does anyone see any particular significance in the change of registered office to Isle of Man?

[pugugly] 17/1/2011 16:23

Looking bad - Strategic review !! often form of wrds used before plug pulled (imo) Looks as thoug there may be little or NO value left