Ambrian Capital Share Discussion Threads

[not manu] 10/7/2008 15:59

> fordtin - 10 Jul'08 - 11:53 - 1058 of 1061

Seems ok. We haven't been told which of the cos were sold to raise the £5m.
Your figures don't include the change in deferred tax from realised and unrealised profit/losses. But, even I can't work it out!!

> trader351 - 10 Jul'08 - 14:47 - 1061 of 1061

AMBR is in three parts :-

Operating businesses - Investment Banking, Market Making, Brokering, Commodity Trading etc
Cash at bank - part of which is used as capital to support operating businesses
Investment Portfolio - small cap miners which isn't the same as commodity futures

In fact, I won't be surprised if the share price falls to 14-19p. This share price would be below the rough estimate of cash at bank as of today. Seems daft but it could easily happen.

Also, from reading this thread from the beginning, there are only a few of us who have attempted to value Ambrian on a sum of the parts basis rather than taking the reported eps and applying a p/e ratio on it. In the light of this, many investors still holding will be shocked to see the reduced profit (losses?) to be reported unless the markets in which AMBR operates recover.

[trader351] 10/7/2008 14:47

It's not a commodity company utwiq, it's an Investment Bank! I wouldn't be expecting this to be trading a less than NAV, unless future prospects are really bleak, which I don't believe long term they are. Commodities should continue to be strong or at least stable going forward. Seems cheap to me.

[utwiq] 10/7/2008 14:30

fordtin - what is remotely unreasonable about a company with net assets of circa £36m trading at a £31m MCap? that is a modest discount to NAV, hardly unusual

[pinemartin9] 09/7/2008 18:33

AMBR obviously feel that the current share price is low, hence buying shares for treasury at these prices. However, I'd prefer to see them cancel them as opposed to holding onto them. It is worth bearing in mind that there a lot of the directors who hold significant quantities of shares and will not like seeing the price at these levels.

Sure wish I'd sold my lot at around 90p last year!!! You live and learn, hey! Should have employed a trailing stop loss.

The comms from AMBR are shocking!!! Here's hoping that the dividend is maintained and some of their holdings start to perform.

[trader351] 09/7/2008 17:08

Hmmm, me too but maybe it goes to show that AIM shares really do carry a lot of risk. AMBR don't really seem to be shareholder focus. They could at least release a statement stating they know of no reason for the rapid decline in the share price At least give some confidence. There maybe an element of information asymmetry happening here.

[drago] 09/7/2008 15:58

trader
it's a really dire performance. i used to think this was a pretty safe share due to it;s asset backing, low pe, cash etc.

[trader351] 09/7/2008 15:26

You'd have thought thought so eh, but AMBR are terrible on the news front. I suppose it gives their employees chance to bail out before all us other holders.

[drago] 09/7/2008 15:06

shoot!!!
consider my sales @39p a lucky escape.
presume ambr's holdings in small miners not doing too well.
in the absence of a profit warning , this must be a bargain.

[traderabc] 09/7/2008 15:05

wtf

Support at 40 has most definitely failed. I can't believe the state of this stock. Investors are treating it like a failing bank. Perhaps this company is failing,I should of got out when M.Brune did,this is an expensive lesson teaching me what happens when I ignore the chart.

[trader351] 09/7/2008 13:49

Why the sudden fall in share price ...?

[trader351] 07/7/2008 16:21

Well, it doesn't seem to influencing the price in a upward fashion.

[scribbler101] 07/7/2008 16:03

It is normal to buy-in shares in smallish daily amounts, to avoid influencing the price up too much.

[trader351] 07/7/2008 15:24

AMBR still buying treasury shares. Why in blocks? Surely there's an abundance of stock available?

[trader351] 04/7/2008 12:17

Does anyone have forecasts for the next results? if not, I'll do some digging myself. I'm just assuming that the stock must reflect excellent value now. I don't think earnings have been affected nearly as badly as sentiment would appear to reflect. it's highly frustrating though.

[trader351] 04/7/2008 12:16

Me too. Goes to show that the management think that the stock is undervalued imo.

[jfishy] 03/7/2008 11:08

I'm pleased to see that management is buying back shares to be held in treasury. I'll wait for Steve's sellers to clear then I'll be buying.

[chrismcglone] 03/7/2008 09:13

Be prepared for another tick down. Steve Sjuggerud told his subscribers to sell last night. That, along with almost everything else i might add.

It's batten down the hatches time.

[ilancas] 25/6/2008 12:34

GPM taking a dive this morning.

[briggs1209] 13/6/2008 19:29

I sold all of mine some months ago during the slide. Things seem to have levelled off nicely here now. However, I think I will wait until they start ticking upwards before buying back in. Still a good long term buy and a decent divi.