Amedeo Res Share Discussion Threads

[chinese investor] 22/9/2016 11:01

Thank Goodness there's been a "Code 1" !

[knicol46] 22/9/2016 10:59

code 1 appeared about 20 mins ago - even though you can buy for less at the time
interesting movement. Last year the price rose daily in preparation for the results due on or before 30 Sep - with a 26p high! good luck all

[howdlep] 22/9/2016 10:49

Genises,

You are remarking about margins which were known from the offset!

What is of greater importance, post acceptance and delivery of the rig, is what margins are predicted for future orders, once quality has been proven. This from the WH Ireland detailed report, dated 3 June 2015:-

"However, Amedeo is in its infancy with only one investment and with the profit coming from YZJ’s first rig expected to be lower than for future projects. In arriving at our fair value estimate for the shares, we assume that a 15% operating margin is achieved on each future order constructed (whether it be a rig, an accommodation deck, vessel etc) and that the average order value is US$150m per order. This would imply an operating profit of US$22.5m per contract, US$4.3m/0.08p per share of which would be attributable to Amedeo shareholders"

so let me elaborate on that $4.3m profit share for AMED, based on one single future order. That is calculated by:-

order value x margin % x AMED jv holding %

so US$150m x 15% x 19% = US$4.275m

[genises] 22/9/2016 08:34

Be careful the oil rig being the first would had been at a discount to get the contract.No further orders have come forward.
Profits hmmm .

[chinese investor] 22/9/2016 08:20

Here We Go !

[knicol46] 22/9/2016 08:17

The share price reached around 26p upon the results last September. 2016 results due on or before 30 Sep 2016.

33m shares in issue, current mcap around £4m

cash post year end reported as $4.15m (at last results)

net assets $21m

results due before end of month, well undervalue

good luck all

[wrestlingmad] 22/9/2016 07:31

MGR Resources

In April 2013, Amedeo made its second investment, this time in a ferrous metals and ore wholesaler and trader, MGR Resources.

The logic behind this investment was two-fold. First, Amedeo is, indirectly through YZJ Offshore, a customer of the large Chinese steel mills and has good relationships with them. By investing into MGR, Amedeo has further cemented those relationships by becoming a supplier to the steel mills. Second, offshore vessel construction has long lead times in which, typically, cashflows are received some two to three years after orders are placed whereas wholesaling and trading commodities provides immediate cashflow.

The investment into MGR was made by acquiring a 49% stake in MGR for £30,000 (US$49,900). In addition, Amedeo provided a three year 15% coupon convertible loan to MGR of up to US$1.95 million for working capital.

MGR’s principal activity was the amalgamation of iron ore from the Middle East and Africa and onward supply to China. Given the recent decline in the iron ore price and the immediate outlook for iron ore being poor, MGR is utilising its network to explore other opportunities for broking other commodities, including into China and elsewhere.

[chinese investor] 21/9/2016 20:20

I sense 20p !

[pumped and dumped] 21/9/2016 18:38

PUMP AND DUMP

BEWARE

SELL

[nhs buyer] 21/9/2016 15:53

Amedeo’s first investment was in offshore fabrication. In July 2012, US$15.3 million (£10.0 million) was invested in a new marine vessel construction yard, Jiangsu Yangzijiang Offshore Engineering Co. Ltd. (“YZJ Offshore”), through a joint venture, YZJ Offshore Engineering Pte Ltd, (“YZJ JV”), with Yangzijiang Shipbuilding (Holdings) Pte Ltd (“Yangzijiang Holdings”). Yangzijiang Holdings is the largest non-state owned container shipbuilder in China and is listed on the main board of the Singapore Stock Exchange.



Amedeo’s Directors were aware that Yangzijiang Holdings wanted to diversify from shipbuilding into the offshore marine vessel construction, and was open to collaborating with partners with expertise in the sector. A joint venture, YZJ JV, with Amedeo holding a 46.5% stake, was established. YZJ JV in turn has a 40.0% stake in YZJ Offshore which has an offshore marine construction vessel yard. Amedeo has a 19.0% stake in YZJ Offshore.



YZJ Offshore’s new yard is located on approximately 1.6 million square metres of prime shorefront land in Taicang, Jiangsu Province on China’s east coast, some 50 miles north of Shanghai. This is the ideal location for the construction of a marine vessel yard due to its deep water and absence of bridges en route to the open sea.



The new yard is fully operational and has the capability to build various marine vassels including jackup rigs, semi-submersible and accommodation units, as well as the ability to build blocks for container ships and gas carrier vessels.

[chinese investor] 21/9/2016 15:49

!YOUTUBEVIDEO:VMrxQq7NvHg:

[howdlep] 21/9/2016 15:42

Only 19% free float, after four top shareholders. So this is an illiquid stock, which will make acquiring stock after the rig delivery RNS almost impossible. Try getting stock even now!

Also well funded for a new acquisition, to compliment rig building and MGR Resources investment.

[knicol46] 21/9/2016 14:45

some good buys coming in 13.6p to buy current, only 4 mm's controlling this stock, moves quick

[oilbuy] 21/9/2016 14:38

11M free float , positive news will see ?????

[knicol46] 21/9/2016 14:04

news due before month end - with pot of cash and assets totalling 3x over mcap well undervalue

[yajnas01] 21/9/2016 03:07

What value should this have then?

And when are we expecting the news... Been waiting forever for this rig

[knicol46] 15/9/2016 08:33

33p price target..

33m shares in issue, current mcap £4m

cash post year end reported as $4.15m

net assets $21m

results due before end of Sep 2016, well undervalue


hxxp://www.chesterindependent.com/2016/09/14/after-todays-gap-up-is-amedeo-resources-plcs-near-term-analysis-positive/

[knicol46] 13/9/2016 09:40

33m shares in issue, current mcap £3.7m

cash post year end reported as $4.15m

net assets $21m

results due before end of Sep 2016, well undervalue

[knicol46] 12/9/2016 08:40

33m shares in issue, current mcap £3.7m

cash post year end reported as $4.15m

net assets $21m

results due before end of month, well undervalue

[howdlep] 30/8/2016 10:18

papillon,

Only just read your last post. I am surprised you need reminding that AMED is a very illiquid stock with a tiny free float, something I have said many, many times. That means few trades will move the share price quickly, both ways, dependent on whether they are buys or sells.
In the absence of news, people will try and take profits quickly or take a loss, if it drifts back.
I am waiting for the rig delivery RNS, again something I have said many times. This will cause a gap up and a clamour for stock, particularly if client paymnet information is included. However, we may need to wait for results for that detail.

As for chart analysis, yes I did say:-

howdlep8 Aug'16 - 15:28 - 1947 of 1971 2 0
Zak Mir calling for a move up to MA200 @ 13.94p and if that holds, on towards the top of the price channel at c21p:-

That is a perfectly reasonable thing for Zak to say. As the MA200 didn't hold, the share price drifted back.

The same may happen again. However, let's see what happens with that delivery RNS.

I hope that makes my position clear for you, not that I had to justify it.

Good luck with your trading.

[papillon] 22/8/2016 22:15

howdlep8 Aug'16 - 15:28 - 1947 of 1971 2 0
Zak Mir calling for a move up to MA200 @ 13.94p and if that holds, on towards the top of the price channel at c21p:-



>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

LOL. Well Zak Mir got that prediction of 21p wrong. Not unusual for Zak Mir! Perhaps he meant 11p instead of 21p? LOL.

A lot of ramping going on, howdlep, on the 12th. I wonder why no posts since then? Could it be because the share price has fallen from 15p to 11p instead of going to 21p as Zak Mir predicted?

[oilbuy] 12/8/2016 14:52

AgreedRisk / Reward opportunity states a screeming buy !

[toolsmoker] 12/8/2016 14:29

Take a look at mcc guys mercom .news next week on aqusition been told cpuld multibag from here .not much stock about