Amberley Grp. Share Discussion Threads

[tiltonboy] 04/9/2004 08:40

bp,

A well written argument for the investment case. I'm not so sure the shares will fall back to 10p again, remembering that Naggar and co will hold in excess of 60% of the shares post the rights.(i'm sure with mates on board, they will know where a further large % are as well).

As for the Unit, you could always forward sell your Ordinary share at say 12p, and then run the warrants.

As you quite rightly point out, the gearing effect on the warrants of each penny movement in the Ords is enormous.

I would like to think that the controlling shareholders would be targetting 15p as a level that they will cede control, with anything above a bonus. If they could strike a deal within the next 12 months all the better.

tiltonboy

[barnetpeter] 03/9/2004 23:28

OK - this is my reading of the position. You can buy a rights unit in the market for 14p. You then have to pay 10p to the company per unit so total cost is 24p.

For that you get one share (current value 12p) plus 7 warrants (currently in the money by 2p). The warrants run for three years but the exercise price increases by approx 10% per year.

On 21 Sep the shares and warrants will begin trading. The shares will perhaps fall back to 10p due to dilution. The warrants will then be "at the money" but must be worth around 2p as a minimum and perhaps 3p maximum. So the total minimum value is around 24p or current price.

For your money you get a nice clean shell with 2.5 million cash, perhaps some tax losses and a SM quote. As the statement suggests, an entrepreneurs dream.

If a "name" comes along to reverse into the company, the price races to 20p. Your 24p stake is then worth 20p times one plus 13p times seven. Or, rather a lot more than you paid.

The more I study this, the more I like it. Risky of course but limited downside and a lot of up.

PLEASE no press tips about this over the weekend!

[rambutan2] 03/9/2004 12:15

many thanks.

[tiltonboy] 03/9/2004 11:54

ram,

The Units price has gone up a couple of pence this morning and are now quoted 9p-12p.

As far as I can see, the Unit is 7 warrants plus the right to subscribe for an Ord. I will have to check to be sure.

tiltonboy

[rambutan2] 03/9/2004 11:41

and if i buy the unit is it ok not to subscribe to the one share at 10p ie effectively pay 10p for 7 wrrs? or is it necessary to cough up for the share in order to get the wrrs rights?

[rambutan2] 03/9/2004 11:28

tilton,
i cant find ambn quoted anywhere. and amb is now xr as far as i can see. but if this is the case why are folks still buying the shares (amb)? am i now going to have to wait to buy the units and do they disappear in 2 weeks and just revert to wrrs? and where do you see the share price once the reorganisation is completed?

sorry for all the questions, but i am keen on the idea.

rambutan

[tiltonboy] 02/9/2004 22:27

ram,

The Unit(ambn) price is 7-10p. This entitles you to 7 warrants and the right to subscribe, in the next two weeks, to one new share at 10p. I think it is a superb punt on Naggar getting this away.

I don't think the Hambro link is still there.

tiltonboy

[rambutan2] 02/9/2004 21:36

tilton, im unclear about this one. the share (amb) i see quoted at 10p ish, is that the unit (i cant find any other share class/epic) or is that the old share with rights to the unit, or have i now missed the boat or what?

also, are hambro/chris mills still a holder or did they get out?

[tiltonboy] 01/9/2004 17:48

Gelp,

A more severe markdown than I expected. I bought some ords and some Units today. I'm happy to pay the equivalent of 1p for a three year call option on the stock.

tiltonboy

[gelp] 01/9/2004 16:53

Chairman claimed net assett would be b e around 2.5 k after rights issue or 7p a share.at about 10p looks covered by net assetts although there will some drain if takes time to get a suitor.
not sure what that does to value of warrants as price is not 16p xr.

[gelp] 01/9/2004 16:44

so are the shares value now at 10 pence after 40% drop tday.

[tiltonboy] 10/8/2004 16:08

Are people waking up to the terms of the rights issue.

The theoretical xr price is 16p, which would give a value to each warrant of 6p. With 3.5 warrants per share taken up, the warrants alone will be worth the equivalent of 21p.

This is obviously subject to the price being 16p in the x form.

tiltonboy

[explorer88] 07/8/2004 13:49

Check out OMG (www.omg3d.com / www.vicon.com)

With world class products, new markets opening up and cash available for further acquisitions, we expect OMG's turnover to increase dramatically in the next twelve months. Our fair value price targets for OMG are:

July 2005 : 52p (market cap. £28 million) + 116% on current level
July 2006 : 91p (market cap. £49 million) + 279% on current level

Current Price : 24p (market cap. £13 million)

Siggraph event starting Monday 9th August will generate significant sales for new MX system

[double6] 06/8/2004 13:06

ANother one where I was scoffed at when suggesting it as a buy - now a 200% profit!

Check out SDK for similar potential (IMHO)

[shirishg] 05/8/2004 03:50

Post removed by ADVFN

[clond] 05/8/2004 01:11

carefull here - is there another shareholder payout due in september

[azalea] 09/4/2004 08:22

Anyone following the 'money' with J O Hambro's investment, would have seen a handsome return by now. Although I moved on sometime back, it proves the point that these boys rarely put their money in the pot without having a game plan.

[chestnuts] 01/3/2004 23:15

I can't find any news on a bid in the rsn? can any one help

[gelp] 01/3/2004 18:43

Arthur. I was in out in out and may be in again - that`s why I am interested in who the buyers are.
Somone seems to know - why buy otherwise?

[el-tel] 26/2/2004 10:41

why have shares been bought today at 9p when the offer for the takeover of the stock is only 7.5p. it does not make sense !

[arthur_lame_stocks] 20/2/2004 10:30

Does it matter if you're not a shareholder anymore?

Arthur

[gelp] 19/2/2004 18:06

Who exactly are dawn ay day finance??? or the individuals named.
if they are credible then the future may be good but does anyone know if they can make money?

[arthur_lame_stocks] 19/2/2004 10:35

The bid was announced yesterday at 7.5p.

Arthur

[azalea] 18/2/2004 20:21

There is talk of a bid at close to 8p?