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AMED Amedeo Res

3.50
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Amedeo Res AMED London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 3.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
3.50 3.50
more quote information »

Amedeo Res AMED Dividends History

No dividends issued between 28 Apr 2014 and 28 Apr 2024

Top Dividend Posts

Top Posts
Posted at 08/9/2019 12:05 by cpap man
From the main 8PG thread....



Belt n braces8 Sep '19 - 11:52 - 1509 of 1510

Just checked companies house. Zaf resigned from AMED 20th May this year.
Posted at 11/12/2018 09:53 by knicol46
Email AMED see if they would consider a NEX listing. Cheaper than AIM - probably 2 or 3 years paid for the cost of 1 on AIM. I have emailed AMED - but no response
Posted at 04/12/2018 13:50 by papillon
Qatar Investment Corp own 61.1% of the shares. Plus Mena Offshore Investments own 9.2%, Global Tech Investments own 5.3% and Dune Engineering own 5.2%. If they all vote yes to delisting that's 80.9%. That's more than 75%!

Qatar will definitely vote yes with their 61.1%. What about Mena Offshore, Global Tech & Dune Engineering?

I definitely wouldn't buy AMED in the hope that delisting can be stopped; far too big a risk to my mind. There are some brave souls out there.

PS. Shorts closing their positions today?
Posted at 03/12/2018 22:08 by knicol46
Explorer I rig must surely be selling very soon. This would generate extra cash to AMED and raise the market value considerably. As there was $2.8m cash in the pot, spending £100k a year to keep an AIM listing - well we can afford it. Works out at around 0.003p per share holder a year.

It would allow investors to at least buy/sell upon the rig sale (AMED main event) instead of allowing the directors to do as they please with shareholders having no control in their asset.

Personally will vote NO to delisting but happy to allow the nominal price reduce if AMED ever needed to raise cash. Thy fine for cash as at last report.
Posted at 29/11/2018 08:00 by davethechef
Amed still have robust cash position & various assets, inc the stake in the offshore yard, which cotinues to gain increased activity, in preparation, i've read & posted links, to take-on multi-million £ LNG vessel builds, with YZJ's recent JV with Japan's Mitsui's E & S. Huge developments, in the background. If the voting at the GM on the 17th, is primarily NO to delisting, we continue trading on AIM.
Posted at 28/11/2018 12:27 by papillon
DaveTheChef & howdlep. You got this share completely wrong. I hope your uncritical bullishness of AMED over the years hasn't cost you too much money.
Posted at 28/11/2018 08:58 by knicol46
shocked at todays news: AMED to be cancelled from AIM until something happens.

You will still hold your shares, just unable to trade on any recognised market. SELL or hold for any future development.. 'It is estimated that Cancellation will reduce the Company's recurring administrative costs by at least £100,000 per annum, and these sums can be better spent growing the business.'
Posted at 12/11/2018 08:52 by howdlep
Mena Global are a fund and yes Mena Offshore were the original owners of the Explorer-1 rig. Explorer-1 is managed by Offshore logistics Ltd (Asia Pacific).

So whilst this seems a related party transfer, have the owners of the rig now become 9.2% holders of AMED, rather than the fund, for a specific reason?

This all looks like a prelude to the rig sale, or maybe something much bigger.
Posted at 12/11/2018 08:14 by knicol46
Interesting RNS..

Mena Global Investment Ltd sell their 9.2% AMED holdings to Mena Offshore Investments Ltd.

Mena Offshore Investments Ltd were the original owners of the Explorer 1limited jack up rig. (Amedeo Resources was previously called Creon)
hxxps://www.offshoreenergytoday.com/chinese-shipyard-secures-170-mln-jack-up-rig-order/

Have MENA Offshore now finally secured funds to pay for the rig is fully assembled, tested and awaiting a buyer?
Posted at 02/11/2018 17:04 by davethechef
Not sure; as I entered when called AMED, early 2014. Too early obviously, for my sins! But even though it's extremely quiet at present, I do feel we are at the cusp of some exciting new direction/LNG & maritime vessel related in the not too distant future: re my links. Time will tell.
But it makes sense, as the continued & expected long term demand for LNG is huge, in Asia especially.

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