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IAM Int.Asst.Man.

20.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Int.Asst.Man. LSE:IAM London Ordinary Share GB0004602628 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 20.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 20.00 GBX

Int.Asst.Man. (IAM) Latest News

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Int.Asst.Man. (IAM) Discussions and Chat

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Date Time Title Posts
12/4/201016:08Int Asset Mgmt - Its got a hedge that keeps growing !55
11/12/200615:24A fund of hedge funds - International Asset Management23

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Posted at 19/3/2010 21:08 by kooba
no connection i am aware of.
ft market report
SMALL CAPS Integrated Asset to form JRJ alliance


Integrated Asset Management will be in focus on Monday morning.

Just as the market closed on Friday night, the fund management group announced a tie-up with JRJ Group, an investment group started by Jeremy Isaacs, the former European head of Lehman Brothers, and Roger Nagioff, another former Lehman executive.

Under the terms of the deal, Integrated and its partners have agreed to invest at least $15m in the JRJ subsidiary that controls Marex, one of the top brokers on the London Metal Exchange.

In return, JRJ has said it will subscribe for a 10.6 per cent stake in Integrated at 33p a share. Integrated was flat at 24¾p.
Posted at 19/3/2010 18:49 by asmodeus
Is IAM connected with AMN?
Posted at 19/3/2010 17:04 by kooba
well hello!

Integrated Asset Management PLC
19 March 2010

19 March 2010

Integrated Asset Management plc
Strategic Agreement with JRJ Group
Conditional investment in Marex
The Board of Integrated Asset Management plc ("IAM" or the "Company") announces
that IAM has entered into agreements today with members of the JRJ Group ("JRJ")
, which recently acquired an approximate 75 per cent. stake in Marex Group
Limited ("Marex"). To that end, IAM has agreed to invest in Marex with JRJ,
provide certain consultancy services and permit and require subscription for new
IAM shares by the JRJ partners.
Marex is a leading independent specialist broker focused on commodities,
financial futures and foreign exchange ("FX"). Marex provides voice and
electronic execution and clearing services for commodity markets in metals,
energy and agricultural products and the financial futures and foreign exchange
markets.
Conditional investment in Marex
IAM has agreed to invest up to $4 million in a JRJ limited partnership forming
part of the JRJ Group, which recently acquired approximately 75 per cent. of
Marex. This investment may be supplemented by additional investments from a
consortium which IAM is to lead, of between a further $11million and $17
million. The consortium's investment will provide it with a minority indirect
equity interest in Marex. The exact size of the stake will depend on the final
level of the consortium's investment. IAM's interest in Marex following
completion of the investment is expected to be less than 2%.
IAM's and its consortium's investment is being made via either one or two
specially formed limited partnerships joint venture ("LPs"). Certain of IAM's
directors will invest up to US$3.0million in the consortium on a pari passu
basis with IAM.
It is intended that unrelated third party investors procured by IAM through
private subscription will constitute the remainder of the participants in the
LPs. No changes to the service contracts of the directors of IAM will arise as a
result of the investment, in the event that it proceeds. IAM directors'
investments in the consortium are expected to amount to not more than 30% of the
total investments via the LPs.
For the year ended 31 March 2009, Marex revenues increased by 10 per cent. to
GBP79.0 million (2008: GBP71.7 million) with growth in both the commodity and
financial products. Commodity products contributed some 60 per cent. of
turnover. Marex reported an operating profit for the year ended 31 March 2009
of GBP26.3 million (2008: GBP24.7 million) and a post tax profit for the same
period of GBP19.2 million (2008: GBP15.0 million). As at 31 March 2009 Marex had
net assets of GBP130.5 million (2008: GBP124.5 million).
Conditions relating to the investment and other matters
The above arrangements are still subject to a number of conditions including,
inter alia, the completion of a fundraising by the consortium of at least US$15
million. If the conditions cannot be satisfied and are not waived, the
arrangements may be terminated and in addition, a payment of GBP250,000 may be
payable in certain cases by the party responsible for the failure to satisfy the
condition. There can be no guarantee that the conditions will be fulfilled.
Further announcements will be made in due course as to the progress of the
transaction.
Subscription for new IAM shares
In recognition of the importance of the cross-relationship being established
between IAM and JRJ, JRJ partners have agreed to subscribe for 3,636,362 new
ordinary shares of 5p each in the capital of IAM for a cash consideration of 33p
per share (a premium of approximately 34%to IAM's current share price) by no
later than 31 December 2010 representing 10.6% of IAM's expanded share capital.
The obligation to subscribe will lapse on the occurrence of certain events
including an IAM material adverse change or, in certain circumstances where,
$15m is not raised by the IAM consortium for the investment. The subscription
price (and number of subscription shares) is subject to customary adjustment in certain circumstances.
Enquiries:
Integrated Asset Management plc
Emanuel Arbib 0207 514 9200



and who is behind jrj
Posted at 17/11/2009 06:59 by kooba
hello masurenguy,we are probably looking at break even for the second half,but the cash is being preserved.

"The Board remains committed to the
management of costs in line with the levels of activity of our underlying businesses. We expect operating
expenditure for the second half of 2009 to be significantly lower than that reported for the first half
although it is too early to predict whether the group will return to profitability in this period. This remains
our goal for both businesses.
Our balance sheet is strong and liquid and we are well positioned to take advantage of improvements in
market conditions and corporate opportunities as they arise. We are actively considering a number of
such opportunities at present and will keep shareholders in touch with any developments."


the key here is that the company does not have the critical mass in either of its two operating areas and will make a sizeable acquisition in hopefully the not too distant future which will be transformational and from my knowledge of the management non dilutive.
i am slowly picking up when they are offered well inside the price..last purchase 18.5p,but they are unlikely to move much until strategy/acquistion becomes clearer....but if it goes down well could double very sharpish.
in the meantime should be no real downside imho.
Posted at 30/9/2009 21:08 by kooba
i also will buy more if there is any slippage in the price..i trust the management enough to not squander the cash...but feel shareholders should perhaps be given a strategy to vote on as there has been a significant change in circumstance.
Posted at 16/9/2009 18:06 by kooba
Integrated Asset Management PLC
16 September 2009

For immediate release
16 September 2009
Integrated Asset Management plc
("Integrated" or the "Company")
Completion of the disposal of 51 per cent. of the issued share capital of
Altigefi S.A. ("Altigefi") and certain transferred funds contracts by the
Company to Sal. Oppenheim (France) ("Sal. Oppenheim France") (the "Disposal" or
the "Transaction").
The Board announces that the Court has today approved the proposed Share Premium
Reduction and the Capital Reduction in relation to the Disposal. The Company
expects to file the order of the Court with the Registrar of Companies on 17
September 2009. As all other conditions to the Disposal have now been
satisfied, completion of the Disposal will take place on such filing.
It is anticipated that on completion the Company will receive a total payment of
EUR3,452,738.79 (representing the cash consideration for the Disposal together
with dividend and dividend equivalent payments).
Application has been made to London Stock Exchange plc for the ordinary shares
held by Sal. Oppenheim jr. & Cie. S.C.A. ("Sal. Opp jr.") in the capital of the
Company to be cancelled from trading on AIM at 8.00 a.m. on 17 September
2009. Following cancellation of the ordinary shares held by Sal. Opp jr., the
Company will have 30,651,386 ordinary shares in issue.
Emanuel Arbib, CEO, commented: "We are pleased that after a long transition
period, the Transaction with Sal. Oppenheim France has successfully completed.
We have worked very closely with Altigefi and Sal. Oppenheim France over this
period to ensure a smooth transition and we wish them much success as they
integrate the operations into the Sal. Oppenheim family of businesses.
Meanwhile, Integrated has used the past six months to streamline successfully
its remaining fund management operations. Whilst the past twelve months have
been particularly challenging for our industry, we are pleased to report that
there are tangible indications of an improvement fuelled by fundamentals and not
only because of the recent run-up in the equity markets. Investors in
alternative assets have not disappeared as some had feared during the trough of
September 2008 - March 2009; rather, what we are seeing is that investors are
now demanding more liquidity and transparency as well as performance.
We are satisfied that our funds have performed well this year despite holding
very high levels of cash to meet potential redemption requests. To ensure that
we continue to have the proper resources post-completion to provide high quality
investment and risk management, and service to our clients, on September 14
2009, the Company entered into a strategic relationship with AlvineClontarf, a
London and Chicago based alternative investments boutique, to bolster its asset
management capabilities especially for sophisticated institutional clients.
Following completion of the Transaction, we are confident that Integrated, with
its strong and liquid balance sheet, is very well placed to leverage its
existing streamlined businesses to take advantage of the opportunities that have
been generated by the events of the last year. "
The Company expects to report its half yearly results for the six months ended
30 June 2009 on 24 September 2009.
Enquiries:
Integrated Asset Management plc
Emanuel Arbib, Chief Executive
Tel: +44 20
7514 9200
Fax: +44 20 7514 9202
arbib@integratedam.com
Posted at 29/4/2009 14:42 by charlie
Yes seems to be. £11m at 31/12/08 plus €3.5m today. 42.147m shares before today, and 27.1% holding cancelled today. So (11 + 3.5/1.11)/(42.147x(1-0.271) = 46p per share cash.
Posted at 29/4/2009 08:57 by kooba
re disposal.anyone else coming up with a cash per share figure of 45p?? plus an italian broking op thrown in?
Posted at 09/2/2008 08:28 by bubface
financially very sound ,should have £10m in the bank [against £28m market cap],following trading update it appears that anticipated growth is in tact. like so many orher companies there seems to be a few distressed sellers taking this down.perhaps a share buyback should be on the the cards,though i think they are currently in the closed season.no worries long term great opportunity to increase [for those with any buying power left!]
Posted at 04/6/2007 16:51 by tole
ALtium have a 170 target last I looked - that was ahead of the placing news - though in the brief commentary I had the they do state that with 2006 results in line - their expectations for 2007-8 are likely to be transformed by the aquisition of Attica and the referral potential from the relationship with sal oppenheim.

Not sure if anything has changed - as they were positive and aware of the forthcoming share issue - perhaps with it out the way and as has been seen with the recent action - teh price can now appreciate.
Int.Asst.Man. share price data is direct from the London Stock Exchange

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