Amerisur Resources Share Discussion Threads

[blackdown2] 10/11/2017 08:50

If you say so. It does appear that the price is being constrained by something/someone.

[foiledagain] 10/11/2017 08:48

Blackdown. RH's selling is NOW a positive for Amer. We are likely to be in the £10-12m range, which could be snapped up at any time but where we do not know whether RH intends to dispose of all of his shares.

It will be who blinks first imo, as if we feel they are underpriced, and I do, then others who might have taken the opportunity of selling high may want back in or others may seek a strategic holding.

[retailronnie] 10/11/2017 08:43

Fa, your posts lack facts. How do you know that Rh is selling more than is stated. He maybe, but there maybe other sellers. Maybe lots of things. Just conjecture. I suspect you're too close to amer ir.

[fsawatcher] 10/11/2017 08:40

where ave the 15% shares gone that aint in public hands ??

it very obvious to me (i very smart and i admits cant write very well) never judge cover of book my aunty use to say

i tell you wot goin on

rex workin for ongc or gran tierra

drip drip on share price keep it where they want it

they use number of company to buy shares up to build stake

when game up and offer made , rexy boyo chuck em the last 50m

amer under attack i tell yous

oba very strateegic

[blackdown2] 10/11/2017 08:40

Let’s have a festive truce and focus on the positives for this stock. There are plenty of them!

[charlieeee] 09/11/2017 21:20

Not wishing to denigrate those with smaller holdings, but quite clearly, at an average of 66k per day over the last 3 months, RH is selling "beer money" quantities of shares: his selling has fallen to a drip.

Everyone is always surprised at how many he is still holding, but by now it should be clear that he has not been responsible for the fall in the share price over that worst period.

Refusing to accept fact, when it has been put out by the company and then separately corroborated by the Registrar in an RNS is willful self deception.

For those who do not understand the mechanics of a share register, as RH (just like us) sells his shares, he also has to "deliver" them and that, in an electronic system, means that they get subtracted from his holding (and added to the purchaser's holding). As we all know, it happens within seconds of the transaction occurring: can anyone here say that they have been buying shares from RH, but not taking electronic delivery?

[charlieeee] 09/11/2017 20:31

Having gone over 10%, Michinoko falls within the definition of a substantial shareholder, which makes it a related party (and RH was declared as a related party back in 2016) and is therefore included in NOT IN PUBLIC HANDS

All 3 definitions reproduced below (the capitals are mine).

NOT IN PUBLIC HANDS
AIM securities held, directly or indirectly (including via a
related financial product) by:
(a) A RELATED PARTY;
(b) the trustees of any employee share scheme or
pension fund established for the benefit of any
directors/employees of the applicant/AIM
company (or its subsidiaries);
(c) any person who under any agreement has a
right to nominate a person to the board of
directors of the applicant/AIM company;
(d) any person who is the subject of a lock-in
agreement pursuant to rule 7 or otherwise; or
(e) the AIM company as treasury shares.

RELATED PARTY
(a) any person who is a director of an AIM company
or of any company which is its subsidiary or parent
undertaking, other subsidiary undertaking of its
parent company;
(b) A SUBSTANTIAL SHAREHOLDER;

SUBSTANTIAL SHAREHOLDER
Any person who HOLDS any legal or beneficial interest
directly or indirectly in 10% OR MORE of any class of AIM
security (excluding treasury shares)

[westmoreland lad] 09/11/2017 20:03

Be worth giving him a ring Trotts. See if he'll sell us the remaining mickey mouse
65MM @ 19p. We'll hold um for a couple of months and double wus money :-)

[trotting12] 09/11/2017 19:56

The market is telling us ,Rex is still a seller to bail out mintail,,,

[the drewster] 09/11/2017 19:32

is the market trying to tell us that management aren't telling us something again?

[westmoreland lad] 09/11/2017 19:30

lol FSA

09--11--17
Light, sweet crude for December delivery climbed 38 cents, or 0.7%, to $57.19 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, gained 38 cents, or 0.6%, to $63.87 a barrel.
"The stage is set with everything that's percolating in the Middle East, particularly Saudi Arabia," said Michael Hiley, a trader at LPS Futures LLC. "The unknown of what could happen creates a little bit of fear... in a market that already was going up."

PS -- Well done Al + Ronnie good posts and research.

[fsawatcher] 09/11/2017 15:54

chill

this goin to 32p , all in good times

dont watch share price daily it make you go blind

that and avin a tug

[dodge city] 09/11/2017 15:49

Looks like we'll have to wait for the next monthly update to get back to 0.22p

[foiledagain] 09/11/2017 15:45

Retail. This is getting boring to explain.

Amerisur's updating does NOT mean it ends up being accurate.

Rule 26 has the caveat "Insofar as the company are aware"

Whatever happened to JP Morgan's percentage? Can't recall a notification from them on disposal or falling below threshold?

The latest Rule 26 holding would take the latest company registrar information that was already related to shareholder previously on 12/10/17 but if RH is still offloading (and no final holding RNS suggests he is) it would not show up until the next time Amerisur request information from the Company Registrar. They have no obligation to search for his holding, he has an obligation to notify, but quite possibly only after he concludes the transaction if its a single sell transaction yet to be settled.

[al101uk] 09/11/2017 14:43

While researching I found this bizzare:



Search for Amerisur, and then...



Ah, part of Amerisur public relations:

[al101uk] 09/11/2017 14:23

Michinoko 11.08%
Declared already 3.85%
Total 14.93%

15.04% now declared, 0.11% organic change (pensions, options etc) and a declaration from one of the board of some form of ownership in Michinoko might do it?

Paradise Papers?

[lucyp00p] 09/11/2017 14:01

Not necessarily. There is a board resolution for that.

[davwall] 09/11/2017 13:37

That seems a helluva lot of shares to be taken out of circulation. I presume an announcement would have been required if Amer had mopped them up and returned them to treasury..?

[al101uk] 09/11/2017 12:36

June

3.85% of the Company’s shares are not in public hands, as defined by the AIM rules.

September

15.04% of the Company’s shares are not in public hands, as defined by the AIM rules

Not In Public Hands

AIM securities held, directly or indirectly (including via a
related financial product) by:
(a) a related party;
(b) the trustees of any employee share scheme or pension fund established for the benefit of any directors/employees of the applicant/AIM company (or its subsidiaries);
(c) any person who under any agreement has a right to nominate a person to the board of directors of the applicant/AIM company;
(d) any person who is the subject of a lock-in agreement pursuant to rule 7 or otherwise; or
(e) the AIM company as treasury shares.


Nope, I can't work it out.

[al101uk] 09/11/2017 12:34

Except 4p off the share price of course ;-)

[retailronnie] 09/11/2017 12:32

They've just updated their major shareholders document for September as part of the AIM rule 26

comparison with june document below - numbers in brackets are the difference.



Michinoko Ltd 134,452,585 11.08 – 11.08 (0)
Fidelity Worldwide Investment 100,558,620 8.29 – 8.28 (+0.01)
Rex Harbour 69,945,293 5.77 - 6.13 (-0.36)
AXA Investment Managers UK 69,125,693 5.70 – 5.92 (-0.22)
River & Mercantile Asset Management 68,098,279 5.61 -5.38 (+0.23)
Hargreave Hale 67,301,123 5.55 – 5.53 (+0.02)
Legal & General Investment Management 57,226,368 4.72 -4.45 (+0.27)
Invesco Asset Management 46,730,878 3.85 – 3.96 (-0.11)

so
Rex sold 0.36%
Axa sold 0.22%
River bought 0.23%
L&G bought 0.27%

No new shareholders over 3% and no change to Michinoko, the largest and least known shareholder.

Nothing dramatic between June and September then.

[al101uk] 09/11/2017 08:53

"Including sentiment, which it assumes remains unchanged."

That's my argument in a nutshell :-)

Although I agree it's too early to draw any conclusion at the moment.

Don't get me wrong, I consider it a fundamental principle of valuation that we only get things right for relatively brief moments in time if we use the market as out yard stick. That's because we're not trying to anticipate the markets view, we're trying to find our own. If we're right the market should swing around that view as if connected to if via an elastic band... and that's where profit lies.

Because your model is relative to the market price at a given time, you're right for as long as sentiment remains unchanged. For as long as all other things are equal.

Once sentiment changes you need to change your model to reflect that... if you want your model to continue to reflect the market price.

I prefer to have a fixed point of view that tries to eliminate sentiment, so where your model relflects negative sentiment and assumes that it goes on forever (or until you rebase), I try to remove sentiment from the equation and instead call it undervalued.