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Amazing Share Discussion Threads
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|Here's the broker note which provides further details on the asset values:
|Interesting events unfolding....they hold some very lucrative assets so a sale of these could give considerable value here imo:
Asset Sale Announcement
RNS Number : 0834J
AMZ Holdings plc
24 March 2010
24th March 2010
AMZ Holdings plc ("AMZ" or the "Company")
Asset Sale Announcement
Further to prior announcements on its default status, the Company announces that
it has been unable to renegotiate revised repayment terms with the Martin Currie
Taiwan Opportunities Fund and, as such, the Company is unable to cure its
default with respect to its 12.9% Convertible Secured Loan Stock 2011 ("Loan
Stock"). The Company also announces that it has been unable to raise sufficient
capital to enable it to meet its redemption obligations in respect of its Loan
Stock and to raise sufficient working capital to continue operations.
As a result the Company and the Loan Stock receiver appointed by the Loan Stock
trustee have instructed CB Richard Ellis (Taipei Branch) to initiate a
solicitation for bids process which is expected to result in a sale of all or
substantially all of the Company's assets, or the capital stock in one of its
wholly-owned direct or indirect subsidiary entities controlling the Company's
property holdings on Penghu. Bids are expected to be due on 23 April 2010.
The Company will continue to seek new sources of funding, which will allow the
Company to suspend this process, meet its obligations and continue to operate.
Interested parties in either the bidding or funding process may contact the Loan
Stock receiver direct for further details at firstname.lastname@example.org
Further announcements will be made as and when appropriate.
- Ends -
| Jonathon Brill/Caroline | Financial PR | Tel: +44(0) 207 |
| Stewart, | | 831 3113 |
| Financial Dynamics | | |
| | | |
| Stuart Andrews/Chris | Nominated | Tel: +44(0) 20 |
| Clarke | Adviser | 7071 4300 |
| Evolution Securities | | |
| Limited | | |
This information is provided by RNS
The company news service from the London Stock Exchange
|another one of treacle/chancer.theeresearcher bites the dust ,lol|
|Tick Tock .......................Flatline|
|wow, TOP, are you in this dog?
lol short killer
|DJ AIM Suspension - AMZ Holdings plc
RNS Number : 2451B
22 October 2009
TEMPORARY SUSPENSION OF TRADING ON AIM
AMZ HOLDINGS PLC
At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 22/10/2009 15:00 pending clarification of the company's financial position.|
|tick tock rats leaving a sinking ship|
|LONDON (Dow Jones)--Real estate developer AMZ Holdings PLC (AMZ.LN) Monday said one of its directors has resigned as part of its move to reduce operating costs following the failure of a Taiwan referendum on gambling legislation earlier this month.
AMZ owns a 27-acre beach-front site on Taiwan's Penghu Islands valued at $46.2 million and had planned to use the site to develop a gambling resort.
However, the local referendum Sept. 26, which sought to establish Penghu as the approved location for gaming resorts, was unsuccessful.
AMZ said Sept. 28 that raising the capital it needs will be "significantly more difficult" after the referendum and it has since been reviewing its costs base.
Director Larry Woolf has resigned with immediate effect, AMZ said.
Non-executive director Tiffany Chang also resigned with immediate effect following the referendum result.|
|Well not long to go now - I still think suspension will happen.|
|looks like the penny is starting to drop.|
|Tick Tock - £1.8 million to be paid back by 24th - wonder where they are going to find the money. Watch out for suspension here guys.|
|Looks like theresearcher worked wonders with his other thread ??|
|Much as I detest TheResearcher as a ramper he has come up with the Evolution research report, which contains the following re valuation of land:-
AMZ owns real estate which, as multiple plots of agricultural land, cost £6.5m
(NTD318m) to acquire. The current EV is £20m. We believe a reasonable valuation
for the land simply as a development site would have been £32m (169p per share)
in mid-2008. Now that gaming is possible, using one Macau land transaction implies
a value of 301p per share, using another implies £100 per share. We conclude that
the shares are cheap, acknowledging that valuing the potential for casino
development is unreliable given the uncertainties. We initiate coverage with a Buy
rating and a 235p share price target.
Full report here:-
|This is an interesting situation. Biggest faller yesterday following the referendum. But don't they usually do an 'Irish Referendum' - i.e if you don't get the answer you are looking for first time, ask again?
Anyway - looks a bit undervalued to me in any event.|
|land value alone is double current mkt cap + expect thier will be another referendum this year.nia
|EVOLUTION BROKER NOTE.
|indeed gluefactory....strong recovery here tomorrow imo...will see another referendum here too...|
|Ireland voted on a Lisbon Referendum last year and a No vote was the outcome. They are voting on the same resolution this Friday and a Yes vote is forecast,so have no fears on the Taiwan rejection.They no doubt want extra carrots before they give the thumbs up|
|Valuation is of land is very high for a desert island|
|Not a very good gamble at the moment.IMHO
"AMZ Holdings plc ("AMZ" or the "Company")
Penghu, Taiwan referendum fails to pass
AMZ Holdings PLC announces that the local referendum on 26 September 2009 which sought to establish Penghu, Taiwan as the approved location for gaming resorts was unsuccessful. As a consequence, "
"the Company now anticipates that the capital raising which is required to enable it to meet its redemption obligations in respect of its 2011 loan stock in an amount of GBP1.6 million due on 24 October 2009 and secure its working capital requirements beyond December 2009 will be significantly more difficult. "|
|just picked up some stock....well overdone is the fall here imo.|
|Thanks Jambo, should have seen that myself, der!|
|i'm gonna wait. A big hit generally leads to further hits.
Chart looks like it should test below 10p.
|Me too at 10.25 a.m. - @42.63p ;o)