African Battery Metals Share Discussion Threads

[simon templar qc] 17/10/2013 09:01

Pay day lenders may be hit by a tax and loans capped. Money lending to get far more competitive.

[enfranglais] 16/10/2013 22:32

By late trades, i mean 'late reported trades' - where the mm asked for the trade not be immediately reported i.e. they were trades effected on the 14th but only now reported late pm on the 16th!!! If there had been 1.7m buys today, i would not have had the chance to buy back 17% lower than my previous sales at 49.10!!!

[enfranglais] 16/10/2013 19:59

For each sale there has to be a buyer m8tey & look at the time & pricing. It's not like the spread was 1% - most times it is easy to know - 1.7m buys to counteract 1m sell reported by rns - SIMPLES!!!

[simon templar qc] 16/10/2013 19:54

Never rely on late trades the trade can be as much as a sell as a buy. By the way I am not a shorter. But I am bearish on the company.

[enfranglais] 16/10/2013 19:35

Encouraged by the 1.7 million plus of 14th late trade purchases reported at the end of today. Some institutions want the shares in the mid 40's & my target for this batch is 78p. Roll on the next pump folks, as i hope this is the end of the mini dump!!!

[enfranglais] 16/10/2013 15:22

Well m8tey - these have dropped below my target, so first batch of shares bought back at ave. of 41.75 (41.5 & 42p 10k each)!!
It's what's called putting me money where me mouth is!!
Just hope i will not be posting that me foot is in me mouth in a few weeks time - lol

[simon templar qc] 16/10/2013 13:26

Forget about a rights issue to save the company large investors getting rid of stock.

[quepassa] 16/10/2013 10:26

Two weeks to go until the next Test Date for the earnings-based covenant.

Has anything happened in the last fortnight to improve trading conditions to allow ABM to pass the Test this time in the normal course of business?

Personally don't see it so the next crunch date on 30th. October will likely have to bring some significant news, in my opinion only, of further restructuring to the debt and/or Company and/or corporate action.

The banks want to safeguard their money. They don't really have such a vested interest in the equity price.

My guess is the following:-

Banks will eventually get their money back at the expense of shareholders who in my view only will get stuffed or diluted out of sight. Company needs recapitalisation hence the earlier abandoned talks with EZCorp on underwriting a Rights Issue. ABM will, in my view only, eventually get bought out for a fraction of today's price, safeguarding the good parts of the Business, allowing for further closures of underperforming stores and keeping jobs for a proportion of general employees as well as certain senior staff.

ALL IMO. DYOR.

QP

[c1d] 16/10/2013 09:08

I think this Amigigo loans company is insignificant in the range of challenges that ABM faces. Simon Templar - if you want to talk down ABM I don't think you need to trawl the internet or TV looking for potential competitors - I would have thought the last few RNS's would have given you all the ammunition you need!!
Don't see it as a threat either. A guarantor has to be good for the money if the borrower can't repay so why wouldn't someone interested in that already be borrowing from people willing to be guarantors rather than using a pawnbroker?

[enfranglais] 16/10/2013 09:06

Saint - U must lead a sheltered life in Quality Control down in your boiler house, as it has been advertised on Sky for months!!!
If you are short, just take the hit before your losses (or your clients), hit the roof - 90p break up value u plonker!!!!

[simon templar qc] 16/10/2013 08:59

There must be a market otherwise they wouldn't advertise it and looking at the website you cannot get a loan without a guarantor. I say it advertised on TV last night never heard of it before.

[grahamite2] 16/10/2013 08:50

Guaranteed loans is a limited market, I'd say. Normally quicker and easier just to say, Dad, can you lend me 5 grand?

[simon templar qc] 16/10/2013 08:36

New Kid on the block..

hxxp://www.amigoloans.co.uk/advert?ID=BGP&ef_id=UbbsfwAAARJRM1Dd:20131015192951:s

Amigigo loans providing a loan at a fraction of Albermale & Bond. I appreciate they require a guarantor but nevertheless pawbrokers are bound to lose out.

[eburne1960] 15/10/2013 18:33

How is your short in XCH doing? Perhaps I shouldn't ask....

[hvs] 15/10/2013 16:23

vely sholt,

I is a chinaman.

[enfranglais] 15/10/2013 16:11

hvs = howling - very short?

[mally6] 15/10/2013 16:07

well the chaps that bought a few hundreds grands worth should hire hvs for his expert analyasis.damn fools.

[grahamite2] 15/10/2013 15:37

With the incisive analysis we're getting from hvs I'm not sure anyone else needs to bother.

[hvs] 15/10/2013 15:32

Any one got any OLD GOLD ???

lol !!!!!

Takeover ?????

More like taken UNDER with its CHUNDER

[mally6] 15/10/2013 15:07

no way would any takeover happen with anything less than a £1.00 a share.all speculation but someone has bought at least 400 grands worth of shares last few days so somethings happening.pis are always last to find out any news best to follow the money if you want to get in cheap

[rpat2] 15/10/2013 15:00

What would this do to sp,if takeover on suggedtions