Amedeo Res Share Discussion Threads

[john2017] 10/5/2017 20:19

Would of thought it should at least on order purchase.Is customer definitely interested in still buying /trying to get financing still?

[howdlep] 10/5/2017 18:56

Rig order value was c$170m. Amedeo have a 19% stake in the yard:-



At 25p, Amedeo's market cap is £8.2m

[john2017] 10/5/2017 17:10

thanks for info mateLooks like news has leaked with that large premium purchase.Whats the likely share price/ money due to Amed on delivery to customer and therefore purchase?

[howdlep] 10/5/2017 17:04

Client finance news relating to the delivery of our Explorer-1 jackup rig, plus news on overspill work utilising our jv yard, plus MGR Resources (we own 49%)commodity trading, plus an update on our 2.5% copper investment in Iran, which we have an option to increase to 5% in due course.

[john2017] 10/5/2017 16:33

What news expected shortly Anyone?

[howdlep] 10/5/2017 16:13

buyers moving in towards the close. PI's need to be holding now imo, especially after that large premium buy to get us moving today

[howdlep] 10/5/2017 13:48

it's 25.5p to buy currently

[howdlep] 10/5/2017 13:47

thanks for that knicol46, good to see coverage.

[knicol46] 10/5/2017 13:23

low volume remain 23p then 24p+ to buy
hxxps://zephyr.bvdinfo.com/version-2016718/FullEditorialNews.serv?databaseContext=Deals&NewsId=27004&product=zephyrneo

[howdlep] 10/5/2017 13:17

Yep looking very good and as we know, its very difficult to acquire stock

[knicol46] 10/5/2017 13:15

premium to sell, £31k buy @ 26.5p is no random trade

[howdlep] 10/5/2017 13:07

119k @ 26.5p block trade. Can anyone verify the date of that trade is today?

Either way, it moved us up. News coming?

[davethechef] 06/5/2017 10:19

Encouraging article, from yesterday; states the following;

For now, the hunt goes on. We expect to see more transaction activity from more players throughout the year as the market reorganizes itself and bid/ask spreads come closer to each other. Newer assets (jackups, harsh environment floaters, and to a lesser extent, ultradeepwater drillships) owned by high quality owners or yards will be primary targets.
•West Mischief (LeTourneau Super 116E; built 2010) – RVT range of $79–89 million

Ours is very recently built and should command a greater RVT(rig valuation tool)

I believe our offshore yard, are holding out for the best price/deal on rig sale, how long that takes, who knows! However, hopefully next month's Results should update us further.
hxxp://www.offshoreenergytoday.com/bassoe-the-hunt-for-offshore-rig-deals-continues/

[howdlep] 03/5/2017 09:12

Good to see excellent reference to YZJ, which bodes well for the future:-



Background re AMED's JV with Yangzijiang:-

[howdlep] 28/4/2017 08:01

Yes an excellent quarters results. AMED is vastly undervalued imo, but now is the time to be accumulating as we know it is so difficult to acquire stock.

[davethechef] 27/4/2017 23:24

Wow! That's indeed encouraging & impressive for our JV partners, in these difficult times, although improving.
Most profitable maritime company un China. It continues to attract the substantial orders.
Greater overspill work for our offshore yard, I'm expecting.

Our market capital doesn't reflect our assets & potential.

[howdlep] 27/4/2017 22:44

Excellent news for our jv with Yangzijiang and the delivery of Explorer-1 rig:-



Yangzijiang chalks up stronger profits for Q1



YANGZIJIANG Shipbuilding saw a 49 per cent year-on-year rise in net profit to 667.67 million yuan (S$135.4 million) for Q1 FY17.

Revenue for the quarter rose 73 per cent to 4.68 billion yuan; with 14 vessels being delivered in Q1 2017, revenue from its core shipbuilding business increased by 43 per cent to 2.89 billion yuan.

Earnings per share rose to 17.42 renminbi cents from 11.69 cents a year ago.

Executive chairman Ren Yuanlin said: "The improved sentiment on the shipbuilding market not only led to a pick-up in new shipbuilding orders, but also helped us find new buyers for several orders that were previously terminated."

He added: "However, as the sustainability of the recovery is uncertain, we will remain cautiously optimistic, mindful of the market dynamics, give preference to good-quality orders and continue to build up the order book."

[davethechef] 27/4/2017 14:15

Recent article on Singapore's dominance as the global's offshore & maritime industry.
hxxp://splash247.com/cities-eye-singapores-shipping-crown/

I guess the web page re: MGR Resources on Amedeo's website, is possibly withdrawn/being updated for June Results, due about 6 weeks from now(I tried to enquire on missing details, by ringing Amedeo's London office, a few days ago, but have had no return call from management. Just spoke to 'Ellie' receptionist, who said this is our registered office and would pass on my enquiry. Disappointing!)

I'm expecting June results to be good, and especially September's, much improved, on MGR's contribution(year-on-year)
Plus our offshore yard, should be earning greater revenue, in these results.

To hazard a guess, I'm expecting the rig sale about July/August.

And possibly around abaout Autumn or Winter-time, Amedeo increasing their stake in the copper mine, again benefiting MGR Resources.

Additionally, we could also see another interesting development, project tie-up from Amedeo or substantial contract, development for our offshore yard, this year.

[howdlep] 27/4/2017 11:26

very difficult to pickup any stock, hence why the ask has jumped. However, if the mm's are going to make a market, they will of course have to attract sellers. All very interesting as we await news.

[davethechef] 23/4/2017 19:22

Very recent interesting, detailed view on rig market, present & future. Mixed, but again mentions high spec' rigs are most in demand, as we know.
hxxp://www.offshoreenergytoday.com/bassoe-forget-rig-oversupply-the-offshore-rig-market-presents-opportunity/

It's the continued waiting game, re rig delivery.
However, it'll be interesting how MGR Resources has preformed on last year's second half commodity price rises especially, in June's Results(last year came out on the 14th)
Let's see if the web page re-appears on MGR Resources!!!

Has the offshore rig yard, picked up greater work & revenue too(overspill work from YZJ)

[davethechef] 20/4/2017 17:10

Bit strange, but if you click under Investments on Amedeo Resources website, & onto MGR Resources, there appears no information. Perhaps the page is being updated??? Or there's some announcement due.

Tomorrow it's 4 months since the rig update, we really could do with the latest, or will we have to wait until June's Results, one wonders? As I've mentioned before, it's looking increasingly like the Summer for a rig delivery sale, in my opinion.

They're really dragging this down on miniscule sells!

[howdlep] 03/4/2017 08:00

More good news for our JV partner:-

[howdlep] 30/3/2017 12:09

Yep a nice defensive spread. Allows MM's to gather stock and control sales

[davethechef] 30/3/2017 10:17

Happy to 'take-on' good sized amounts at 21/21.18p but unable to buy more than about 8,000 shares or else it goes to NT; usually a very positive sign.