Amedeo Res Share Discussion Threads

[ged5] 10/9/2014 12:05

A few notes from last night. As I said I've never heard of the company before last night.

Zafar Karim gave the presentation even though he was suffering with a throat infection.

He started by stating the Market Cap of 25M and reiterated it several times during the night.

Two parts to this company which was formed 2 years ago.

Rig manufacture - takes time
Metals trading giving income now

Did a good sales pitch of why to build rigs even giving the old anectdote of those making money by selling shovels in the gold rush

80% of global energy is still from fossil fuels

Oil rigs cost in the region of $200-250M There is a shortage and many are 25years old
Safety regulations have been tightened.

he talked about the wealth connections. Glen Lau seems to have a bit of money. Also the ties with YZJ holdings the Chines shipbuilder.

he gave the case of a rig being built for $200M and then being leased for $70M per year. Payback in 3 years.

Compared the company to Lamprell which he said had a market cap of 500M (585 at today's sp) Amadeo 25M

Lamprell have 900 square metres of rig yard YZJ have 1.6Msquare metres.
Lamprell have 860M orders Amadeo have 200M

The first rig is to be delivered next year for 170M

Because they need steel they have made contacts with metal brokers in China.
80% of the brokers orders are fixed contracts.
It made sense to get into that side of the business.

He mentioned the amount of tonnes but I didn't note it and I think he mentioned a profit of $2-4 profit per tonne.

Rig orders are all bespoke.
Capacity for 10 rigs

Cash burn is just £400K per year.

Now they have made one rig others come to see it and have been impressed.

Those were all the notes I made.
It was a very well delivered presentation and I was left with the impression that the potential significant growth will be realised.

[kwizza] 10/9/2014 00:06

From Proactive Investors site.....

www.proactiveinvestors.co.uk/genera//files/companies/3_amedeo_540ed2f0dc64f.pdf

[ged5] 09/9/2014 23:40

I didn't know this company existed until tonight. A very impressive presentation in Manchester tonight. I will relate my limited notes later this week.

I must admit though that at times I kept thinking if something is too good to be true....

Definitely one I will be keeping my eye on - not that any purchase of mine would make any difference to the share price :)

[kemorkid] 09/9/2014 09:48

Anyone at Shelbourne, Dublin last night?

[howdlep] 08/9/2014 10:16

Rig close to completion and more orders to come. Proactive presentations in Dublin and Manchester today and tomorrow, should aid awareness.
I am looking for a break of 1p in due course, as we cross the ma50 and ma200 @ 0.86p.

[sirraman] 08/9/2014 09:36

oilbuy- would really appreciate any feedback you can supply here. Thanks in advance mate.

Sirra

[davethechef] 06/9/2014 14:36

The Presentations line-ups and review of companies, fro Proactiveinvestors

[...]

[davethechef] 06/9/2014 14:29

Encouraging for the future.
hxxp://sinoshipnews.com/News/China-releases-new-shipping-guidance/3w3c3023.html

Any feedback from the Presentations, will be appreciated.

[oilbuy] 06/9/2014 08:31

Yes , ill be going !!!

[sirraman] 05/9/2014 17:01

Anyone going to above investors update in Dublin.... ??

[aim_trader] 14/8/2014 15:25

Amedeo to update investors at the Shelbourne in Dublin on 8th September alongside Fastnet Oil, Galantas Gold and Mkango. To register:

[sirraman] 13/8/2014 08:24

A positive outlook from Glen Lau....think interest here will be building up soon once they complete the yard in Q4....imo

[moving up] 09/8/2014 17:53

DaveTheChef Have you ever looked at Scotty group, also interesting would you not agree share_shark!!!!!!

[deepvalueinvestor] 09/8/2014 09:49

That was interesting, a good find.

[share_shark] 08/8/2014 23:07

Thank you Daver the chef

[davethechef] 08/8/2014 16:05

Glen Lau interview, from yesterday. Interesting

[share_shark] 08/8/2014 08:02

AMED.


This was in my in my email intray this am.

The few points I have copied here, stressed by AMED might be worth keeping in mind.


Corporate Governance
As an AIM traded company, Amedeo Resources Plc is not required to comply with the UK Corporate Governance Code. However, the Board is committed to complying with best corporate governance practice as set out in the Quoted Companies Alliance guidelines where appropriate, given the size and operations of the Company. This includes evaluating directors' performance, the management of the Company, and ensuring that it maintains full and effective control over appropriate strategic, financial, operational and compliance issues.
There is no separate Audit, Remuneration or Nomination Committee as the Board considers that, given its current size, all members of the Board should participate in those roles and responsibilities normally reserved for such committees. Therefore, the full Board of Directors provides a forum for reporting by the Company's external auditors.
Model Code for Dealing
The Company has adopted a model code for dealings in shares by directors and senior employees which is appropriate for an AIM company. The Directors comply with Rule 21 of the AIM Rules relating to directors' dealings and take all reasonable steps to ensure compliance.
Board and Directors
The Board comprises two Executive Directors, a Non-Executive Chairman and a Non-Executive Director. The Chief Executive Officer and Chairman roles are split. The Non-Executive Chairman, Mr Ghanim Al-Saad, is a beneficial owner of the Company's largest shareholder, Qatar Investment Corporation. Mr Philippe Petitpierre, the Non-Executive Director, holds no shares or other interests in the Company and is considered by the Board to be independent. The Non-Executive Chairman and Non-Executive Director currently do not receive any remuneration for their roles.
The Directors work together throughout the year. The Board meets formally as required,

[moving up] 06/8/2014 20:17

Scotty group and my losses!!!!!

[genises] 06/8/2014 19:28

Remember Amed has nothing to do with the shipyard and only owns a% in the rig yard.
So what news that comes out of the shipyard is no news for Amed

[napoleon111] 06/8/2014 09:20

hxxp://www.lloydslist.com/ll/sector/ship-operations/article446410.ece

[sirraman] 04/8/2014 08:34

so who's bought approx 4000 shares then??

[liquid millionaire] 28/7/2014 08:24

Remember that the LEG boss is also the AMED boss which of course can only bode well for AMED as well as LEG

[sirraman] 24/7/2014 17:11

anyone attend the AGM?

[davethechef] 21/7/2014 17:57

Same news, different website!

Awaiting confirmation.

hxxp://sinoshipnews.com/News/Yangzijiang-linked-with-$300m-Iranian-order/3w3c2861.html