Absolute Capital Share Discussion Threads

[paperclip3] 25/6/2008 09:06

As I thought, looks like those who know started to buy late last week.

[roper] 23/6/2008 15:57

Through a source who spoke to the house broker, if Argo came back today, they would be 34p ish. But as nickcduk says, in 6 months time they could easily be 50p + when they actually become listed. It's a very positive move for them to now move forward.

[paperclip3] 20/6/2008 09:48

chunky volume going through over the last 24 hours. Is the clever money now accumulating at cheap levels?

[robizm] 17/6/2008 12:05

LOADS of sells going through but price is not moving

[gambler99] 16/6/2008 14:32

it all stinks of market manipulation to me...

[andrbea] 16/6/2008 13:58

yes the 6-month thing is confirmed here:

[nickcduk] 16/6/2008 11:58

Not straightforward getting a short away in ACMH because IG are not able to borrow stock. Used GNI in order to get the trade off.

Anyone holding shares as of close of business on Friday is entitled to the ARGO share distribution. The ARGO shares won't be tradeable for about 6 months. Thats when the company said they would be looking to list the shares. They should do well at that point and I imagine would be worth 50p+.

Present value of ACMH is difficult to ascertain. If they manage to avoid being sued out of existence and they manage to retain most of the funds under management then the company is worth a lot more than it is currently valued at. Im not sure it will be able to deflect the litigation angle though. Worth a punt around current levels with a small stake. Downside is a total wipeout whereas upside could be a few hundred percent higher. Not participating myself though.

[nailhead] 16/6/2008 11:38

nick, very well spotted. and where did you manage to short these, what site do you use for trading if you dont mind me asking, cause mine doesnt list this company for shorts or longs

[gambler99] 16/6/2008 10:12

nickcduk - didn't think you could short at such a low market cap.?

[topinfo] 16/6/2008 10:09

Nick...but what value does the company have now, surely more than 9p.????

[andrbea] 16/6/2008 10:09

do existing shareholders get allotted shares in the new animal at 1:1 ratio?
and when does the new animal start trading (end of month)?

[topinfo] 16/6/2008 10:02

Why such the harsh drop...is there any value still here? So glad as I nearly bought at 42p last Friday.!!!!

[mdchand] 16/6/2008 09:42

nick - good call. atleast someone is making money from this whole fiasco.

[nickcduk] 16/6/2008 08:52

Not sure how the hell the share price hasnt collapsed today post Argo record date. Was tempted to pick up a few ACMH around 30 a couple of weeks ago just for the ARGO shares but unfortunately didn't press the button. Now following ARGO disposal the shares are still worth more than 30p. I expect that MM and shareholders haven't really picked up on the record date and hence the shares haven't been trashed this morning. Sold a few short this morning.

[andrbea] 13/6/2008 14:06

and another 6% today

[qs9] 11/6/2008 20:26

Interesting that senior people see an opportunity at ACMH? I presume that is good news?? share price at least saying a +ve so happy to run with that for the time being.

[thefurryone] 11/6/2008 20:20

News story on Bloomberg which says "COMET SAYS ACM EQUITY HOLDS 11.21% STAKE (GERMAN)" and then there's half a paragraph in German. I'd guess that it says Comet Holding AG (Again I'd guess that's who ACM is) have notified of their holding. Guess that explains the recent rise.

[andrbea] 11/6/2008 08:50

rising for 2nd day in a row

is it the new appointments driving it?

ACMH strengthens investment team with the appointment of Daniel Bieri as Head of Portfolio Advisory and Athanasios Ladopoulos as a Lead Portfolio Adviser

[m4m] 10/6/2008 10:24

Well I've felt the joy of winning and the pain of losing on this one but I won't be going back in for more ;)

[mdchand] 10/6/2008 10:20

Never knew about the Baron's report. However, it all makes sense now. At the time, no one could understand why Florian was willing to walk away from Abcap when he owned so much of the company. Clearly, he had already fleeced investors and simply didnt care about screwing over the fund investors or share holders. Unfortunately, what's left of these funds and this company is going to vapourise once the lock-in's on the underlying funds lapse post November.

[andrbea] 10/6/2008 09:24

a 10k buy

going back up?

[simon gordon] 03/6/2008 13:30

Barrons - June 2008:

The fighter is actually just one of many people affected by Florian Homm and Todd Ficeto, the two gents who financed ProElite and dozens of dubious companies in the past 10 years. Those stocks mostly left investors bloodied, but a tally of company filings at the Securities and Exchange Commission shows the two financiers made out with fees and securities worth hundreds of millions (see chart, Building to a Big Score). Not a bad payday for Ficeto, a young investment banker who worked his way up from a number of infamous high-pressure securities sales shops to the Hollywood charity circuit and a villa high above Malibu. Homm was a Harvard-educated headliner in Europe who ran the publicly held hedge-fund firm Absolute Capital Management Holdings (ACMH.UK) until September of last year, when he abruptly quit.