Ambrian Capital Share Discussion Threads

[drago] 07/3/2008 10:54

it;s not evil, imo, he only shorts shares with minimal asset backing and a pumped up story.
neither apply to ambr, i wish the story did get some pumping.

[vixen] 06/3/2008 11:21

Buyers coming in for results IMO. Due around 21st March. Hence T20's at a premium. JLP also taking on a leap!

[drago] 06/3/2008 10:54

trader
if you pay tax at 40 % your divi just gets mugged by the government.

growth in the share price at least has an annual CGT allowance between spouses of £18k or so.

i hope we both get what we want from ambr, it is surely one of the cheapest shares on the market.

[gardenarc] 06/3/2008 10:44

INTERESTING CLEAR

[trader351] 06/3/2008 10:42

I'd be inclined to want a divi as opposed to re-investing all the retained profit.

[clearsoup] 05/3/2008 23:06

Topman strategy at Barcap thinks commodities a good sector to be invested in.

[drago] 05/3/2008 20:20

if the eps is about 6p then a divi of 2p wouldn't be out of the ordinary.

would be encouraging to see another employee trust buy rns

[robsy2] 05/3/2008 17:37

This is starting to look very cheap , I was buying these at 40p a few years back and the business is a lot stronger now than it was then: time to have a serious think about topping up.

[davebowler] 05/3/2008 15:17

Not only that but they are in a hot sector -commodities -and even have a soft
commodities arm-even hotter.

[jfishy] 05/3/2008 15:16

I wonder if part of the slide can be attributed to the Sep 07 dividend not being higher than the Sep 06 dividend?

I would hope to see a rise in the Final dividend for March. Last year it was 1p & if maintained would mean that the total dividend for last year is the same as this year.

That said, where is the money best spent?
- Paid back to shareholders?
- Invested to make even more returns through trading?
- Invested to grow the business longer term?

[jfishy] 05/3/2008 15:02

"my worry is that bad info has been leaked to people in the know!"

Always a concern!
But has that bad news been being leaked since the spike in approx. May 2007? Can't be the case.

I think this companies business is mis-understood by many people. Using the fundamentals from ADVFN (Financials link above):

The dividend yield is 4% now.
market cap is £47.5m.
£30m cash
£55m assets
£11.5 profit.

Even if we assume that all the share/fund holdings are worth zero, the valuation would still be good.

At some point the fundamentals will come out, the next set of results will show that, especially with a dividend yield.

Oh - almost forgot, just to cap it all off, the share price is unlikely to drop any further as:
1. The company is prepared to buy shares for its pension fund at this level.
2. Last year the company was buying shares (for cancellation & does it still have permission?) at just under 50p from memory.

So, in summary:
I cannot see this dropping further.
I can see massive upside.

A good strategy IMHO is to hold for the next several years as the price continues to go up and up while collecting a nice dividend on the way.

[trader351] 05/3/2008 10:39

It does appear that way. I really believe it's just sentiment holding this back. Fundamentally it's sound, or it was based on the Interims. Come on Ambrian, give us something to cheer about. Maybe the divi will be raised. That would be a positive sign to the markets.

[gardenarc] 04/3/2008 23:07

ITS CHEAP LIKE MANY OTHERS.

[trader351] 04/3/2008 11:34

We had all better buy a few more then. I'd have expected a little more volume given the fact te results are due this month. Can't believe no info. has leaked to the markets. Good or bad? Any views?

[ben value] 03/3/2008 17:02

One of the 6 Bargain shares mentioned in IC

[aylingd] 03/3/2008 15:50

There was an article on Ambrian in this week's IC. I dont have the details as I do not subscribe. I believe it was in their 'recovery stocks of 2008' section.

It doesnt seem to have done much for the price though.

D.

[trader351] 20/2/2008 15:19

They are fordtin. I looked on their calender yesterday and it tells you jack.

[trader351] 20/2/2008 12:16

Well, based on the last results diluted earnings we are trading on a multiple of around 5-6, give or take. Either some negative news has found its way into the markets, or people are overlooking how apparently cheap this share looks. Anyone know when the finals are due?

[haydock] 15/2/2008 09:41

Mind you it's an ill wind , just look at those prices.It's the right time of year for floods, just as they were renegoting the coal prices.

[haydock] 15/2/2008 09:39

It looks like we are o.k so far with production,but they are still having heavy flooding.


bodg - 15 Feb'08 - 05:08 - 547 of 564


Good morning all...and Phillis...read these prices and preoare the whoosh cream!

Rio Warns of Missed Shipments at Queensland Coal Mine (Update2)
By Angela Macdonald-Smith

Feb. 15 (Bloomberg) -- Rio Tinto Group, the world's third- biggest mining company, said it may miss coal deliveries from its Hail Creek mine in Queensland due to heavy rains, adding to supply disruptions in Australia, the biggest exporter.

The company advised customers of delays late yesterday, Alison Smith, a spokeswoman at Rio Tinto's coal unit in Queensland, said today by telephone. The Blair Athol and Kestrel mines, which are also affected by the rains, should meet their supply commitments, she said.

Rio brings to a least six the number of Queensland coal suppliers that have declared force majeure on deliveries since monsoonal rains affected the Bowen Basin in January. The disruptions have driven spot prices for power-station coal and the type used in steelmaking to a record, Tex Report said today.

Rio isn't able to estimate how long the force majeure may last, Smith said. ``The rains are continuing to fall in the area,'' she said.

Coal rail transportation in central Queensland has been disrupted by the rains, with all services on the Goonyella line suspended, Queensland Rail said in an e-mailed statement. Flooding is also preventing repairs to track and infrastructure in the Newlands coal rail system, the company said.

A monsoonal trough lying to the south of Mackay on the central Queensland coast is generating ``torrential'' rain, the Bureau of Meteorology said on its Web site, warning of flash flooding in the region.

Prices Jump

Spot prices for coal used in steelmaking have jumped to $270 a ton, almost triple the annual contract price, while the power-station coal spot price climbed to $150, Tex said. Annual contract prices this year ``will inevitably skyrocket,'' exceeding $200 for steelmaking coal and $100 for power-station coal, the Japanese industry newsletter said.

The Hail Creek mine, 120 kilometers (75 miles) southwest of Mackay, is 82 percent owned by Rio, 8 percent by Nippon Steel Corp., 6.66 percent by Marubeni Corp.'s coal unit, 3.34 percent by Sumisho Coal Development, Rio Tinto Coal Australia says on its Web site. In 2005, it produced 5.9 million metric tons of coking coal, according to the Register of Australian Mining.

Hail Creek ceased operations on Feb. 9, Rio said in an e- mailed statement late yesterday.

Xstrata, BHP

Xstrata Plc, the world's biggest exporter of power-station coal, warned customers earlier this week it may miss deliveries from its Newlands and Collinsville mines in Queensland due to floods. BHP Billiton Mitsubishi Alliance, the world's biggest exporter of coal used in steelmaking, Macarthur Coal Ltd., Wesfarmers Ltd. and Ensham Resources Pty, controlled by Idemitsu Kosan Co., all declared force majeure on shipments last month.

Teresa Henry, a spokeswoman at Anglo American Plc's coal unit in Queensland, couldn't be reached for comment. Beth Sutton, a spokeswoman for Peabody Energy Corp. in St. Louis, Missouri, said she couldn't comment on any impact on Peabody's mines in Queensland.

Storms and showers are forecast to continue in the central Queensland coastal region through at least Feb. 19, The Weather Co. said on its Weatherzone Web site.

Force majeure is a legal clause that can be invoked by suppliers, allowing them to miss contracted deliveries due to circumstances beyond their control.