Ambrian Capital Share Discussion Threads

[qs9] 18/7/2009 13:14

All looks pretty +ve iMO...just joined the shareholder register....!

[grahamg8] 18/7/2009 10:51

Leoboy, Fordtin; you worked out why Fox Pitt needed to be put on autopilot - because of the close period. And also noticed that the close period ended on 15 September when the H1 results are out. But didn't really then apply the same logic to ending the autopilot instructions after then. The Directors need to show that they are running the Company, and buying back so many shares is not something they can reasonably delegate to anyone else without good reason. Thus the logical reasoning is that AMBR take back day to day control of this task after 15/09/09, with of course professional advice.

[leoboy] 15/7/2009 13:52

fordtin - Hi & thanks reply . If the FreeFloat is 90 odd million then the share buy-back is approx' 17.7% ; the idea must be to suport/increase the
s/price - lets hope so ? Take your point re FPK handling the buy-backs
(& not the company ), but the 3rd paragraph says this is only until 15th Sept' 2009 as i read it ?! which means the buy-back must start/finish much more
quickly ?

Leo

[leoboy] 14/7/2009 18:44

fordtin , davebowler ... anyone please Re todays RNS - what are the implications/ramifications of this ? i am scratching my head

Leo

[martylangan] 14/7/2009 16:38

RNS Number : 6546V
Ambrian Capital PLC
14 July 2009



AMBRIAN CAPITAL PLC




PROPOSED SHARE BUYBACK ANNOUNCEMENT







Ambrian Capital plc announces that in accordance with the authorities granted at the Company's Annual General Meeting held on 2 June 2009, the Board intends to buy-back up to 16,046,872 ordinary 10p shares in the Company when the opportunity arises. The authority conferred by this resolution shall expire 15 months from 30th April 2009 or, if earlier, at the conclusion of the Company's next annual general meeting. Shares acquired pursuant to the Buy-Back Programme will continue to be purchased within certain pre-set parameters, including a maximum purchase price of no more than 105 per cent of the average middle market closing price of the shares for the 5 dealing days preceding the date of purchase.




In buying back the Company's shares, the Board is returning capital to those shareholders who wish to sell their shares.




Under the share buy-back programme, any shares that Ambrian Capital plc buys back between 15th July 2009 and the announcement of Ambrian Capital's half-year results on 15th September 2009 will be handled by FPK, at its sole discretion, and the company and its directors will have no power to invoke any changes to the programme.




For further information please contact:






Ambrian Capital plc



Tom Gaffney, Chief Executive
020 7634 4700






Fox-Pitt, Kelton



Simon Law / Marc Milmo
020 7663 6023

[fullbreakfast] 13/7/2009 07:55

A largely positive trading statement this morning:

"LONDON 13 July 2009 - In line with the statement made at the time of the AGM on 2 June 2009, Ambrian Capital is pleased to report that trading conditions continued to be favourable for the Group for the period ending on 30 June 2009, and that revenues and profits for the first half of the year are likely to be materially ahead of market expectations..."

[davebowler] 09/7/2009 12:45

COMMODITIES - China, according to rumours being heard by Business Spectator, is setting up at least one large fund to buy into struggling junior explorers around the world in an attempt to break what it sees as the RIO TINTO-BHP ring around them. Noting that the Chinese think long-term, and are smarting mightily from the loss of face that came with coming second in the RIO/CHINALCO deal, it adds that Chinalco's CEO's comments that he is presented, through the current global crisis, with a rare opportunity for domestic (Chinese) companies to initiate co-operation with foreign enterprises; "when the time is ripe, overseas acquisitions, strategic investments and joint development could be considered". That's Chinese code for "get out there and do it".

[baht] 23/6/2009 13:38

Thanks Fordtin, so that a further £674,000 added to gross value of Ambrian.

[baht] 23/6/2009 12:38

Fordtin How many Minerva shares does Ambrian hold?

Always good to see something come back from the dead.

[grahamg8] 20/6/2009 12:24

Yes that's fine; to be complete AMBR had 10.45m of AYM and reduced to 4.5m on 10 June, ie sold 5.95m and the price will have been above book value. So that's a little bit to put on the P&L account next time.

[jfishy] 18/6/2009 01:38

There is nowhere on the website that lists the share assets owned that I can see.
Can't see anything in last years accounts either.

[trader351] 17/6/2009 09:01

Check out the website

[martylangan] 16/6/2009 20:02

Does anyone know what ambrians holds shares in? Do they still own Jubilee platinum? KAH?

[fullbreakfast] 12/6/2009 09:48

special

Timely enquiry - final dividend of 0.75p to be paid today to shareholders who were on the register on 22 May.

Regards

fb

[stevemarkus] 12/6/2009 09:46

today, so it should be in your account in the next day or two

[special7] 12/6/2009 08:38

anybody know when the dividend is paid?

[neg] 03/6/2009 10:23

Ambrian own 37.5% in Minerva Resources which have been written down to zero in the latest audited accounts. On Monday it was announced that there is a possible offer for the company at not less than 1p a share which would give Ambrian a minimum £580,000 profit, straight down to the bottom line. This would equate to 0.54p eps which is not immaterial for Ambrian.

[lizzie ii] 02/6/2009 11:22

On 01.05.09 it was reported :-

Ambrian awarded 447,250 warrants to subscribe for ordinary shares of 1 pence each in Kalahari Minerals ("the Ordinary Shares"). The Warrants have an exercise price of 100 pence per Ordinary Share. The Warrants will be exercisable at any time until 1st May 2011.

-: and on that day I posted :-

Given that Kalahari closed today at 111.5p, Ambrian is already "in the money" concerning these warrants.

Today Kalahari has reached 130p, making the warrants nearly three times as valuable as on 01.05.09.

No wonder, and given other factors as well, the share price of AMBR has had a rather good month. But lots more to come IMHO.

[davebowler] 14/5/2009 14:37

Nicely timed postscript to the last entry;

Ambrian Capital is pleased to announce that Fox-Pitt Kelton, Ltd has been appointed
as sole Nominated Adviser and Broker to the Company with immediate effect.