Ambrian Capital Share Discussion Threads

[shakyhands] 16/3/2009 21:44

Sadly,I fear the only way of getting the value of the company is to stop running it,sell of the assets and return the cash to the shareholders.If the company is operating at a loss - which is the implication of the current shareprice and the discount to last declared net asset value - then that is what should happen.
In the mean time,if the company is lossmaking,that will eat into the NAV - and any dividend will be tax-ineffficient and the yield illusory.
However,closing the company may not be in the interests of the directors.If the company can be run profitably,let them prove it - quickly!

[trader351] 10/3/2009 16:29

Yeah, providing they don't cut it. When are results due? The numbers will be interesting/scary. AMBR are pretty dire where news is concerned though. You don't hear anything from one set of results to the next.

[wanekerr] 10/3/2009 08:40

...dont forget the dividend which is worth having!

[grahamg8] 07/3/2009 08:41

Orch... AMBR still have the rump of their mining investments which are of very uncertain value so expect write downs to come. The banking side does seem to be doing reasonably but who wants to buy into a bank at the moment? The trading business hardly got a mention last time round and so one can assume it isn't making a profit yet. Thus discount to NAV is probably justified in the present market. But that cash pile is good defense in a credit starved economy, they just have to find good ways of using it. I was very pleased they ditched Panmure. This shows the management are focused on doing the right deal not just any old deal!

[orchestralis] 04/3/2009 20:59

Considering dip a toe in and building a stake.

[orchestralis] 04/3/2009 20:57

Very quite on this board! AMBR got a mention in the IC a couple of weeks ago suggestng net assets of £42 million of which £28.8 million cash. Current MCAP at the time was £14.7 million at a price of 13.75p. I see the price has increased a tad, but still appears to be well undervalued.

Any thoughts welcomed!

[monhearme] 21/2/2009 10:40

yes good to see some signs of life last couple of weeks.....though i suspect share price would have done a lot more if company was still named GOLDen Prospect! ;-)

[robsy2] 10/2/2009 15:50

Dunno
but there is a bit of life in the old dog today!
R2

[jfishy] 29/12/2008 11:03

What exactly is an "Exempt Principle Trader" as seen in the EPT Disclosures?

[levr] 08/12/2008 08:51

The following article is dated prior to this morning's RNS:

[jfishy] 04/12/2008 22:54

Is it just me or did the share price really drop by .25 on zero volume today?!

[grahamg8] 01/11/2008 09:38

Divis vs Pension Fund.
The logic makes sense but in the long term dividends can only be paid from profits, usually 1/3 to 1/2 of profits for a low growth income share or rather less than this for high growth share where retaining cash for expansion is the priority. In H1 AMBR made a loss of 1.94pps and so really shouldn't have paid any divi at all. But the loss came from revaluing (down) the investments rather than from trading activities. Thus the mgt could justify the divi to be paid from reserves. Clearly this couldn't carry on indefinitely and so the investment losses will need to be stopped fairly soon or we will lose the company not just the dividend. Fortunately the banking side seems to be expanding and profitable so if your judgement is that this will continue you should be buying, if not sell now before the FY results.

[mqhopewell] 28/10/2008 20:02

Fordtin. Thanks for your response. Sounds like a good sound investment. I'll keep my eye on this one.

[mqhopewell] 27/10/2008 22:08

Hi. I'm still new to this game... thinking of investing for income at this time and just received my dividends. With the cash AMBR have got, would you agree with me AMBR will still retain its dividends next year? Panic selling.. the yield is looking nice. Any views welcome. Good luck all. M

[malkie] 26/10/2008 17:37

ever wonder why you don't see the PLUS markets quotes displayed on L2 ADVFN anymore?

I think i may have the answer:

below is a tariff announcement form PLUS markets and i would draw your attention to the line below.

......................



Market makers may subscribe to a Voluntary Maximum Spread Regime, contributing to the high quality of execution available on PLUS, to earn a 100% discount on stock registration fees.

......................

Market Makers can get a 100% reduction on registration fees if they sign up for VMSR as detailed above.

This means they agree to limit the maximum spread quoted, but its for PLUS only.

This doesn't apply to AIM so they display the AIM quote with a wide spread but actually transact on PLUS with a much tighter spread. (they probably transact on AIM at the same price if need be - but thats another matter).

Watch out for the next Kill The Spread newsletter this week - some new developments and some really interesting people are now helping the campaign!

[not manu] 26/10/2008 17:34

> Pinemartin9

[pinemartin9] 24/10/2008 15:59

Wish I'd sold these at ca 90p a while back...ah well. First real experience I've had of a bear market/recession/global crash. I started investing about 4 years ago, I promise to learn from this.

Just done the maths, my investments are down about £17K. That's to say they are worth half of what I paid for them. Instead of having £34K that could have paid off a significant chunk of my mortgage I now have £17K...

You pays your money and takes your chances. At least I have a decent ish job. However, with baby no 1 on the way it could be time to batten down the hatches. I'm still dripping into Invesco Perpetual High Income on a monthly basis. My JPM Nat Resources fund is worth about a third what it was about 4-5 months ago.

The speed of this whole things has caught me out. I have been the proverbial rabbit in the headlamps.

This isn't a sob story as I count myself lucky compared to some people. Just goes to highlight the importance of diversification and spreading risk.

Also taking a profit and being happy with it, is better than hanging on and missing out.

Ah well...roll on 2012!!!

Good luck all in difficult times. How many people here managed to time the market??

Pinemartin

ps Ambrian still looks solid in the long term (I think)....

[makingheaps] 14/10/2008 11:50

Exactly and it didn't do them a lot of good so why repeat?

[stevemarkus] 14/10/2008 11:14

The directors bought quite a few towards the end of September. Tom Gaffney in particular, as I remember.

Cheers,
Steve.

[makingheaps] 13/10/2008 10:43

Share buy back may make sense arithmetically but it would be an admission by management that there was nothing worth while to invest in either in the projects they advise on or to expand the business organically or by acquisition. I suspect they are keeping their powder dry for now. Director purchases would be a confidence boost but they probably feel they've tried that.

[grahamg8] 11/10/2008 09:05

Fordtin, I agree the share price fall has now gone too far for common sense. But then with the markets in panic mode it's not that surprising. AMBR are trying to build the banking side of the business. With cash shortages all round there should be opportunities for fee income from the more robust companies raising capital, and take overs and buy outs to organise for the weaker ones. Extending the share buy back would be good for the share price short term but even better long term growth can come from the emerging banking side. Both strategies can be run side by side. Every cloud has a silver lining.