Amedeo Res Share Discussion Threads

[howdlep] 16/12/2016 07:17

Good to see a few take profits yesterday, on what was an excellent volume day. This gives others a chance to take a position and accumulate, as they look towards that next leg up.

[noff] 15/12/2016 20:33

Well bought today , looks as if a great recovery play here.

[cpap man] 15/12/2016 17:35

At the time of writing can not see any large trades?

2 x 25k;s which could be buys or sells or one of each?

Who knows?

Most likely MM's doing what they do best....play games!

[howdlep] 15/12/2016 14:33

cpap,

Well if they have, I am still expecting a large late buy, as one mm continues to be happy to pay over the touch sell price.

[cpap man] 15/12/2016 14:05

Yup howdlep looks like a great buying opportunity doesn't it?

Not sure why the MM's have dragged it down like this unless the have some large sales that have not yet been reported?

[howdlep] 15/12/2016 13:55

Decent chance to buy the dip now @ 32p

[howdlep] 15/12/2016 12:14

Yep someone wants in that's for sure!

[goodbloke1] 15/12/2016 12:03

Must be a big buy order as can sell for even more now then buy compared to before.

[howdlep] 15/12/2016 11:59

Now consider this.

Back in June 2015, W.H. Ireland produced a detailed buy note on AMED. It highlighted what it thought would be the significance of a new $150m contract to AMED. It estimated the profit to AMED as:-

$150m x 19% (AMED interest) x 15% (expected margin) = $4.275m

Now let us assume that that margin is over stated, given the decline in the industry, but reflect on the quality of the delivered Explorer 1 jack-up rig and understand who the customer is, ie Keppel FELS. Quite simply, the opportunity going forward is massive and this for a company, AMED, that has a current market cap of £12.1m @ 37p.

Work out what the profit would have been on that $1.7b contract!!

[howdlep] 15/12/2016 11:25

Just imagine what a new, confirmed contract would do for our share price!

First let's have that Explorer 1 delivery RNS

[howdlep] 15/12/2016 11:23

NB, AMED now has an 19% indirect interest in YZJOE, having increased from 18.6%

[howdlep] 15/12/2016 11:21

goodbloke1,

That massive intra day spike related this this RNS, dated 5 February 2014:-

5 February 2014

Amedeo Resources plc

("Amedeo" or "the Company")

Statement Re: Media Reports

Amedeo Resources plc (AIM: AMED) notes reports in the media in connection with Jiangsu Yangzijiang Offshore Engineering Co Ltd ("YZJOE") being contracted to build semi-submersible drilling platforms. Amedeo has an indirect 18.6% stake in YZJOE.

Amedeo confirms that YZJOE has reached agreement subject to conditions precedent to build two semi-submersible drilling platforms for Primepoint Drilling PTE Ltd. In addition, an option on two additional semi-submersible drilling platforms has also been agreed subject to conditions precedent. The total value of the contract and options is approximately USD 1.7bn. Delivery of such platforms takes around three years.

[genises] 15/12/2016 11:18

Goodbloke1
The spike was due to announcement of a order for 2 subsea rig orders by prime who had no finance and never happened.
The rig order which is completed will be the first which being the first will have a tight markup on build.
With the market as it is it will be interesting to see if any new builds will happen with so many oil rigs out of action.
The future though is more oil rigs will need to be built as the old ones get decommission.
The one plus benefit is while waiting the shipyard is used for as a over flow from the parent shipyard

[goodbloke1] 15/12/2016 11:09

How I agree just tried it!

[goodbloke1] 15/12/2016 10:56

Guru.What news led to that huge spike?

[howdlep] 15/12/2016 10:27

I think we have a buy order currently being worked as you can sell for a touch higher than you can buy at!!

[guru121] 15/12/2016 09:54

Order confirmation is needed!

[guru121] 15/12/2016 09:52

Last occasion,AMED did 220% spike in a day.

[cpap man] 15/12/2016 09:30

AMED 38p-40p +20%

[cpap man] 15/12/2016 09:20

AMED ticking back up now

[cpap man] 15/12/2016 09:15

12,058 AMED bought

[howdlep] 15/12/2016 08:55

Here is the first opportunity to buy a dip. It's 36.5/37.45 for 10k

[cpap man] 15/12/2016 08:45

Remember that yer man stated POUNDS and not PENNIES!!!!

[howdlep] 15/12/2016 08:43

MM's competing here. A few minutes ago it was 37/37 so be careful with trade identification.