Ambrian Capital Share Discussion Threads

[gardenarc] 04/12/2010 12:53

Wish we got some more news and coverage..

[koolio] 04/12/2010 11:52

The way that I see AMBR benefiting is that as an established metal dealer on the LME with a string of established contracts and good history of supplying China the shortness of supply will push the premiums higher. Ambrian are also the house broker for many small cap junior mining companies, including WTI.

In 2009, Ambrian Metals handled 246,296 tonnes of physical metals. This included 213,382 tonnes of refined copper which was equivalent to approximately 6.9% of China's total imports of refined copper in that year.

Ambrian Metals does not speculate on movements in metals prices but generates revenue by charging its clients a market-based "premium" over the metal price for providing them with a consistently high quality product and logistics services.

I believe the premium that is referred to is the fee added to the price of metal for immediate delivery on the London Metal Exchange,which many say will increase to $115 a metric ton from $85.

I could be reading all this information completely wrong in which case I would be grateful to any who will point out my errors. I admit that I have jumped to some conclusions w/o the advantage or experience of following commodities trading companies in previous years. This company seem to be solid, paying a dividend, dealers of a commodity with increasing demand v supply pressure and the house broker responsible for raising funds for the miners and drillers in the biggest rally in prices that we have seen for years.

I don't imagine that the share price will rocket without some positive news flow but I am happy to hold AMBR and watch the commodities story unfold.

[jfishy55] 04/12/2010 11:32

"to raise the surcharge on sales by 35 percent next year"

Says to me Adam, that AMBR will be able to raise its margin on selling copper to China whilst still being cheaper than Codelco!

Don't AMBR have a strategic partnership in Hong Kong?
Company that owns a considerable amount of AMBR?

Yes, the 7% is very attractive, tempted to buy these for the income as have held a small amount for some years but need to re-research.

[adam] 04/12/2010 10:00

Koolio - how does this help AMBR?

[koolio] 04/12/2010 05:36

Most analysts regard copper as the metal with the tightest supply and demand fundamentals of all.
In a Bloomberg survey of 14 metals analysts and traders released today, ten – or 71pc – said the copper price will gain next week. Three predicted lower prices and one forecast little change.

[koolio] 27/11/2010 17:34

I want to scream about this stock from the rooftops at the moment, It seems a screaming good deal. Even if there was not a 7% yield and a huge discount to NAV it would be cheap. The story here looks positive from every angle.

Extract from Bloomberg NewsNov. 23 (Bloomberg) --

Codelco, the world's biggest copper producer, agreed with two Chinese buyers to raise the surcharge on sales by 35 percent next year, according to two industry officials involved in the negotiations.
The fee, added to the price of metal for immediate delivery on the London Metal Exchange, will increase to $115 a metric ton from $85 this year, said the officials, who declined to be identified because the decision hasn't been made public. China is the world's largest consumer.
Copper, used in cables and pipes, advanced 10 percent this year and climbed to a record $8,966 a ton in London on Nov. 11 as demand led by China outpaced supply and as investors bought commodities to protect their assets. The move by Codelco sets a benchmark and may prompt Freeport-McMoRan Copper & Gold Inc. and Pan Pacific Copper Co. to follow suit. The increase tops gains of 32 percent for Korea and 31 percent for Japan.
"This falls into the higher end of our expected range," said Grace Qu, an analyst at metals advisory company CRU International Ltd. in Beijing. "Codelco seems to be very confident of next year's market," she said by phone today.
Copper will lead a rally in base metals into 2011 as increased consumption cuts stockpiles and weaker currencies spur investment demand for commodities, according to Morgan Stanley.

Here's the best bit.
Ambrian Metals does not speculate on movements in metals prices but generates revenue by charging its clients a market-based "premium" over the metal price for providing them with a consistently high quality product and logistics services.

In 2009, Ambrian Metals handled 246,296 tonnes of physical metals. This included 213,382 tonnes of refined copper which was equivalent to approximately 6.9% of China's total imports of refined copper in that year.

[gardenarc] 26/11/2010 23:40

Hope so been here years.

[koolio] 26/11/2010 19:30

They could really do with a few director buys to focus some attention on the value.

[martylangan] 26/11/2010 16:50

Could be the start of an uptrend...

[koolio] 26/11/2010 11:40

The below is taken from the 2009 F/Y report.


Net asset value per share was 33.55p and tangible net asset value per share was 31.18p, increases of 6.14% and 7.23%, respectively during 2009. Net asset value per share and tangible net asset value per share are based on 96,652,953 ordinary shares outstanding at 31 December 2009 (excluding Treasury shares and shares held by the EBT).

Ambrian Partners made significant progress in further strengthening its institutional client base and improving the consistency of its research-driven brokerage revenue. In 2009, revenue from institutional brokerage commissions and commission sharing arrangements (CSAs) increased by 24%.

Ambrian Metals does not speculate on movements in metals prices but generates revenue by charging its clients a market-based "premium" over the metal price for providing them with a consistently high quality product and logistics services.

The effect of increased Chinese demand for refined copper was to push up worldwide market premiums per tonne. Premiums per tonne "CIF Shanghai" rose sharply from approximately US$38/tonne at the start of 2009 to a high of approximately US$170/tonne in April. Premiums fell back to around US$40/tonne in the second half of the year but rebounded at the year end to approximately US$100/tonne in anticipation of further Chinese demand and a recovery in global economies in 2010.

In 2009, Ambrian Metals handled 246,296 tonnes of physical metals. This included 213,382 tonnes of refined copper which was equivalent to approximately 6.9% of China's total imports of refined copper in that year. In 2008, Ambrian Metals handled 79,573 tonnes of physical metals. Total sales of physical metals in 2009 were $1,238 million compared to $630 million in 2008.

:An unloved and overlooked share IMV:
Do your own research etc.

[koolio] 25/11/2010 18:11

This is way to cheap for what they are involved with.
The placing that they completed for weatherly is a credit to them.
Happy to be a holder here. GLA

[maty] 22/11/2010 08:32

why is this crashing? should be rocking!

[martylangan] 14/11/2010 21:55

Are China Goldmines being linked to any purchases of mines etc at the moment?

[jfishy55] 14/11/2010 11:37

Thanks Stewart.

[stewartf] 12/11/2010 16:03

Ambrian Capital now own 12.5% of China Goldmines. The other two names, Nicolas Rouveyre and Jean Pierre Conrad, are also associated with Ambrian as this news release from February shows. Together they own 26.86% of CGM.

[jfishy55] 12/11/2010 15:48

Just seen todays RNS - I am confused by the last 2 RNSs now.
Has AMBR bought a 12.5% stake in CGM? If so, why?
Who are the people mentioned in todays RNS?
Or has CGM bought shares in AMBR?

Very confused - appreciate it if anyone can explain :-)

[jfishy55] 12/11/2010 12:20

7. Threshold(s) that is/are 3,4,5,6,7,8,9,10,11,12%
crossed or reached:

Wow! That's some buying. Wonder if they will keep going?
Must have been a big player out there for the price to have come down recently, perhaps this buying will have ended that overhang?

[ohisay] 01/10/2010 16:21

Q'est que ca - le woosh de Ambrian aujourdi hui @1500 hrs.?

[martylangan] 28/9/2010 10:11

Who are this MWB Ltd? Cant seem to find anything on them...

[nickderby] 27/9/2010 21:14

Good to see MWB Ltd still accumulating shares in the Company.
They obviously see good value and a great yield at these prices too :)

'Ambrian Capital plc received notification on 24 September 2010 from MWB Limited
that, following the purchase of 300,000 ordinary shares of 10 pence each in the
Company ("Ordinary Shares") on 22 September 2010 and 1,000,000 Ordinary Shares
on 24 September 2010, MWB Limited now has an interest in 7,303,149 Ordinary
Shares representing 6.83% of the total voting rights of the Company. '

[cerrito] 24/9/2010 16:20

Interested to see they have come out with a recommendation for the equity of GSK; I thought they were exiting that market

[maty] 23/9/2010 11:51

looks like the overhang has cleared,3v1 on level 2 I am back in again, divi too interesting and the company is heavily into metals, boomtime methimks,, pls dyor and imho

[gardenarc] 23/9/2010 06:26

interesting posts.