Ambrian Capital Share Discussion Threads

[kimboy2] 16/12/2010 14:37

Well done fordtin

It looks as though (I think) that SHK have sold out to Lee Byers. The 60p price is the original price paid by SHK, so they get their money back.

I presume that there will be a holdings RNS at some stage and perhaps a bit of puff about strategic partnerships etc etc.

It is interesting though that they chose to pay 60p (assuming they did of course.

[fordtin] 16/12/2010 13:46

Hi Kimboy,

I haven't followed Ambr for a while, but that article seemed to have some familiar detail.

Take a look at this RNS from 2007 and compare the number of shares and price involved;

[koolio] 16/12/2010 13:38

Tiswas: I don't think that Lee Byers are getting a 7% yield or a 30% discount on NAV if they have paid 60p per share. Ambr would (at 60p) still represent better investment value than most aim stocks.
I was romancing about having millions to invest btw.
Has anyone spoken with or had a response from the management today?
Happy to hold. GLA

[kimboy2] 15/12/2010 21:51

We don't know they have.

However assuming they have then we probably know AMBR don't need the cash.

It would then be a question of how much each party would benefit from this 'srategic partnership', what value would be placed on this, and the relative negotiating positions.

Hopefully an RNS tomorrow.

[traderabc] 15/12/2010 19:59

"Lee Byers's investment in Ambrian Capital will be made through a purchase by its wholly-owned subsidiary, Lee Byers Securities Limited, of a total of 9,806,250 Ambrian Capital ordinary shares at a price of 60p (equivalent to approximately MYR$3.55) per share, which amounted to a total consideration of £5,883,750 (equivalent to approximately MYR$34.8 million)."




Can someone explain to me why Lee Byers paid 60p when the shares are trading at 24?

[gardenarc] 15/12/2010 17:52

Well i am holding FIRM..

[tiswas] 15/12/2010 17:47

So you believe the story and reckon they are getting 7% yield at 60p?????????????

[koolio] 15/12/2010 17:15

I am still inclined to 60/40 in favour of "believer" in the story.
The rational used in the article made sense to me.

OTOH Facts say that the company should have put out an RNS.
But if I had several millions to invest I am sure that I would like a 7% yield and a discount of 30% to NAV. Plus getting access to the LME.

Happy to hold.

[tiswas] 15/12/2010 16:32

I spoke with Ambrian's pr company who do not know anything about it and so I would not believe it at this stage.

[adam] 15/12/2010 12:00

i have called the company. left message with receptionist for director to call me back. told them gist of what it is in connection with. will post if i get a response.

[nwankwokanu2] 15/12/2010 09:21

Just came across this...........Interesting.



Online PR News – 13-December-2010 –Lee Byers announced today its purchase of a 9.10% stake in Ambrian Capital plc (Ambrian Capital) (AIM: AMBR), forming a strategic business relationship between the two organisations. Ambrian Capital is an independent investment bank listed on the Alternative Investment Market (AIM) of the London Stock Exchange. Lee Byers's investment in Ambrian Capital will be made through a purchase by its wholly-owned subsidiary, Lee Byers Securities Limited, of a total of 9,806,250 Ambrian Capital ordinary shares at a price of 60p (equivalent to approximately MYR$3.55) per share, which amounted to a total consideration of £5,883,750 (equivalent to approximately MYR$34.8 million).

After the share purchase, Lee Byers will own 9.10% of Ambrian Capital's outstanding ordinary share capital (excluding shares held in Treasury). Mr. Justin Lee, Group Chief Operating Officer of Lee Byers said, "Lee Byers is actively looking for opportunities to expand its business into new markets and provide more valuable services to its clients." Ambrian Capital offers a full range of corporate financial services which includes AIM listings, and has proven expertise in natural resources and new technologies sectors. Mr. Tom Gaffney, Chief Executive Officer of Ambrian Capital said, "We welcome Lee Byers as a shareholder and look forward to building our ties with them. We view our link with Lee Byers as an important opportunity to participate in the phenomenal growth that's happening in Asia." Lee Byers and Ambrian Capital have agreed to cooperate in the following business areas in the future: Corporate Finance & Advisory Lee Byers will work closely with Ambrian Capital to raise capital for Asian companies in the European capital markets with a particular focus on AIM listings on the London Stock Exchange. Fund Management Lee Byers, together with Ambrian Capital, will develop value-added investment fund products that can be offered to clients of Lee Byers in Asia as well as investment products with an Asian focus managed by SHKF that can be offered by Ambrian Capital to European investors.

Lee Byers can offer Asian industrial and institutional clients access to Ambrian Capital's London Metal Exchange trading/broking expertise as well as provide broker-dealer services in other commodities. "As the Chinese economy industrialises further, the demand for natural resources will continue to grow and will be matched by the continuing increase in consumer wealth which we have seen over the past decade. Together with Lee Byers, we plan to play a role in managing the flow of international investments into China as well as the international deployment of capital by Chinese companies," continued Mr. Gaffney. "Through this strategic partnership, we will have the opportunity to tap into the European capital markets and investors by providing comprehensive international capital market services to our clients, such as AIM listings and commodities trading in the London market," concluded Justin Lee, A proposal will be made for Justin Lee, to be appointed as a non-executive director of Ambrian Capital at its forthcoming Annual General Meeting.

About Ambrian Capital plc Ambrian Capital plc, formerly Golden Prospect plc, is an independent investment bank quoted on the Alternative Investment Market of the London Stock Exchange (Ticker: AMBR) which has three wholly-owned subsidiaries: Ambrian Partners Limited, a corporate finance advisor and stockbroker; Ambrian Commodities Limited, an Associate Member of The London Metal Exchange and a broker-dealer of LME traded metals and precious metals; and Ambrian Asset Management Limited, a specialist investment management business.

About Lee Byers
Lee Byers provides high quality investment products and services that are tailor-made to meet our client's particular requirements. Our reputation has been built over the last nine years on solid values and investment expertise. Our experience and success has established us as one of the fastest growing investment brokerages in the world today. Further information about the Group is available on Lee Byers.

[koolio] 08/12/2010 15:06

I make the prospective P/E much lower than 9.3
Its fair to assume that if they do 1.75 in the Second half 2010.
Full year 2011 would be not less than (1.75m x 2) 3.50m divide by market cap 29.4
Should give us a P/E of 8.4.
But I will be very disappointed if they do not grow earnings at least with the pace of metals/mining sector

[koolio] 08/12/2010 14:38

Nice post CWA
Our patience will be rewarded.

[gardenarc] 08/12/2010 10:12

Looking better..

[davebowler] 08/12/2010 10:07

Projected P/E for next year is 9.3

[koolio] 07/12/2010 17:36

For me this was the exciting part of the statement.

Assuming current market conditions remain stable, we expect total income for the second half to be materially ahead of total income generated in the first half of 2010 and profits before tax and share-based payment charges to be in the region of £1.75 million for the second half of 2010, compared to £0.07 million in the first half of the year. Net asset value per share at 31 December 2010 is expected to be not less than 32.4p as reported at 30 June 2010.

I note that.
Copper & Nickel are up roughly 20% since June. Silver more than 35%.
This is a Graham and Dodd stock with a nice margin of safety good yield, value will out on this. I probably hold enough for now but will top up in 2011.

Good luck, DYOR.

[davebowler] 07/12/2010 09:54

Ambrian sees significant H2 improvement
StockMarketWire.com
Ambrian Capital has seen a significant improvement in its financial performance in the second half and looks forward to 2011 with confidence.

Ambrian says that if current market conditions remain stable, it expects total income for the second half to be materially ahead of the first six months.

It expects profits before tax and share-based payment charges to be in the region of £1.75m for the second half, compared with £0.07m in the first half.

It said the key drivers of the improved performance are:

* a convincing return to profitability of Ambrian Partners Limited as a result of H2 2010 revenues that are expected to be approximately double H1 2010 revenues as well as the benefits arising from a lower cost base.

* continued growth in physical metals sales volumes with the total tonnage of refined copper supplied in H2 2010 expected to be app

[gardenarc] 07/12/2010 08:01

A bit better volume yesterday also maybe more to come.

[koolio] 07/12/2010 07:53

Thats the type of statement that we need to get this share moving.