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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Asia Resource | ARMS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 36.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 36.75 | 36.75 |
| Top Posts |
|---|
Posted at 30/6/2015 11:57 by bcomms This is a communication on behalf of Asia Coal Energy Ventures Limited (ACE).With the Rule 16 resolution having been passed, with 99.9% of the votes in favour, at yesterday's General Meeting of Asia Resource Minerals plc (ARMS) ( and in order to crystallise the 273% premium from ACE's cash offer, ARMS shareholders are urged to accept the offer at the earliest opportunity. The first close of the cash offer is tomorrow, Wednesday 1 July at 1.00 p.m. If you have any questions with regards to the vote, contact Equiniti 0871 384 2030 / +44 121 415 7047 |
Posted at 08/6/2015 07:29 by marmar80 looks like I called ARMS switch to OXS too early.. Nice update here today (then oxs) :-) |
Posted at 20/5/2015 18:44 by naughtynicky72 A representative for NRH stated: "The offer by ACE is an opportunistic attempt to deny independent shareholders the opportunity to recover value. Successful enforcement of the $173million arbitration award against Roeslani would alone be worth in excess of 41 pence per share. The board of ARMS needs to ensure that all shareholders are treated equally - either ACE pays a full premium to secure control of these world-class coal assets, or the Recapitalisation should proceed to enable the agreed refinancing to take place". Full and fair offer , So what are arms shares really worth more then 41 p it seems can any one out there work out what there are worth ? !. Cheers Naughty . |
Posted at 20/4/2015 12:34 by kenmitch "Some degree of hostility," is an understatement! Any who know the history of this will also know that anything is possible now too, from ARMS going bust at worst to, it seems, a bid at 41p at best. It could also be quite likely that the two sides are talking with each other right now and some sort of compromise deal could be cobbled by Wednesday. ARMS is worth a punt now for those who can afford to take the risk, as the reward, if it comes will be fast and with over 40% upside possible very soon. Against that knowing the previous history be prepared for anything! |
Posted at 15/4/2015 11:37 by naughtynicky72 "The possible offer to ARMS shareholders would provide a full cash offer at a significant premium for all equity holders, while providing a much stronger operational platform for the coal asset in Indonesia, and subsequently a more tangible solution for all debt holders. We urge investors to reject the opportunistic attempt by NR Holdings to gain control of ARMS without making a full and fair offer to its other shareholders," Kin Chan, a partner at Argyle Street Management, said in a statement . " We urge investors to reject the opportunistic attempt by NR Holdings to gain control of ARMS without making a full and fair offer to its other shareholders " So I wonder what Kin Chan would say is a full and fair offer is ? . NOT 41 P BY THE LOOKS OFF IT ! . |
Posted at 15/4/2015 08:50 by h2owater LSE:Asia Coal Ventures, a vehicle being funded by Sinarmas, said on Tuesday it was considering making a possible cash offer for ARMS, the parent of Indonesian-listed PT Berau Coal Energy Tbk .The potential offer of 41 pence per share represents a premium of 173 percent to ARMS' last traded price. Berau shares jumped as much as 5 percent on Wednesday, outperforming the Jakarta benchmark index, which was down 0.3 percent."Our aim to acquire ARMS is to synergise it with our business, be it power plant or its supply," Sinarmas Group Managing Director Gandi Sulistyo said. (Reporting by Cindy Silviana; Additional reporting by Fransiska Nangoy; Writing by Eveline Danubrata; Editing by Clarence Fernandez) |
Posted at 15/4/2015 08:38 by h2owater REPEAT: UPDATE: Fund Mulls Takeover Offer For Asia Resource Minerals (ALLISS)Wed, 15th Apr 2015 06:39LONDON (Alliance News) - A vehicle supported by hedge fund Argyle Street Management and Singapore's Sinarmas Group Tuesday said it is mulling a takeover offer for Asia Resource Minerals PLC, presenting a possible "white knight" alternative to an existing restructuring plan backed by financier Nat Rothschild and recommended by the company.The potential offer showed that Sinarmas is funding Asia Coal Energy Ventures Ltd, a company managed by Hong Kong hedge fund manager Argyle Street Management Ltd, which already owns a 4.65% stake in Asia Resource Minerals. The offer would aim to acquire the shares not already owned by Argyle Street Management for 41 pence per share.The Asia Coal Energy Ventures' alternative proposes an equity financing of USD150 million at 28 pence per share by Asia Resource Minerals, a fundraising which the vehicle would underwrite. Those funds would be put to reducing debt and exchanging its existing 2015 and 2017 notes.The news presents an alternative to Asia Resource Minerals, which has asked shareholders to vote in favour of the separate recapitalisation plan backed by Nat Rothschild at a meeting scheduled for April 22. Under that proposal, Asia Resource Minerals is looking to raise USD100 million in an equity raising open offer priced at 25 pence per share underwritten by Rothschild's NR Holdings vehicle. The Rothschild-supported deal also include a restructuring of debt in the form of notes due in 2015 and 2017.Asia Resource Minerals, which was formerly known as Bumi, responded with a statement in which it said that it has "received no communication from ACE (Asia Coal Energy Ventures) in respect to such a possible offer".Argyle Street Management plans to vote against the existing restructuring plan at the general meeting."The possible offer to ARMS shareholders would provide a full cash offer at a significant premium for all equity holders, while providing a much stronger operational platform for the coal asset in Indonesia, and subsequently a more tangible solution for all debt holders. We urge investors to reject the opportunistic attempt by NR Holdings to gain control of ARMS without making a full and fair offer to its other shareholders," Kin Chan, a partner at Argyle Street Management, said in a statement."We welcome the involvement of a group of the stature of Sinarmas as a 'white knight' to this key Indonesian asset," Kin Chan added.According to the statement, Asia Coal Energy Ventures Argyle Street Management, Sinarmas are seeking to enter talks with Asia Resource Minerals about the possible offer and restructuring."For the avoidance of doubt, if the Asia Resource Minerals board declines to engage in constructive dialogue with Asia Coal Energy, Asia Coal Energy may proceed with the possible offer in any event," the statement said.Asia Resource Minerals shares closed flat at 15 pence on Tuesday.By Samuel Agini; samagini@alliancenew |
Posted at 15/4/2015 08:34 by h2owater LSE:41p possible offerToday 08:06The proposed Offer would be to acquire the entire issued and to be issued ordinary share capital of ARMS not already owned by ASML at 41.0p per share, a 173.3 per cent. premium to the closing price and a 198.0 per cent. premium to the 30-day volume weighted average price, in each case as at 13 April 2015MY21Posts: 7,618Off TopicOpinion: No OpinionPrice: 15.00FTToday 06:42Leading Indonesian family behind rival to Rothschild bid for Arms: One of Indonesia's richest family-owned businesses has emerged as backer of a possible offer for Asia Resource Minerals, the distressed London-listed mining group which is subject to a refinancing offer led by a leading shareholder, Nat Rothschild. |
Posted at 01/1/2015 13:04 by h2owater Asia Resource Minerals, formerly called Bumi, has won $173 million back from Rosan Roeslani, its former director, as reported by Yahoo Finance. ARMS, when it was still called Bumi, fell apart over disagreements with its co-founder, Nathaniel Rothschild and Bakrie Group, based in Indonesia. Rothschild said he will underwrite a rights issue, although ARMS recently returned $465 million to shareholders.Rosan Roeslani must pay back everything he owes ARM plus interest and legal costs. His assets include a stake in the Inter Milan football club, two chateaux in France, a golf club in Spain and a house in Beverly Hills. Shares of ARMS jumped 250% on news of the successful arbitration. Roeslani promised to repay the amount last December to the troubled mineral company, an amount that disappeared from a subsidiary of ARMS’. Attorneys for ARMS have secured a legal ruling to freeze some of Roeslani’s assets, including his chateaux in France. |
Posted at 01/1/2015 11:43 by illuminati1 The Times todayAlistair Osborne: Business commentaryLittle beats the story of a proper chancer. So top marks to Rosan Roeslani for seeing out the old year in style by getting done over in a Singapore arbitration court and reminding us all of the Bumi scandal.Mr Roeslani is not a household name. But there's no knocking the part the company's ex-director has played in turning the coalminer into the financial black hole it is today. It's gone from Bumi to almost busty, even if it's now changed its name to Asia Resource Minerals (Arms). Not quite what financier Nat Rothschild had in mind, back in 2010, when he did his fateful $3 billion deal with Indonesia's Bakrie family and boasted that investors would make "two or three times their money" from this "London-listed Indonesian resources champion".Sadly not, partly because money kept vanishing. Let's overlook the failure of Mr Roeslani, once owner of a 13.4 per cent stake, to disclose that he was part of a shareholder concert party with the Bakries. Or how, on his watch running the company's Berau subsidiary, a $75 million "investment" in the Chateau Asean Fund 1 clean disappeared. Instead, just focus on the subject of the Singapore court: the $173 million missing from Berau for which Arms found "no clear business purpose".Without admitting liability, Mr Roeslani signed a contract in June 2013 to repay the loot. Did he? Don't be daft. Instead he popped up that October as a junior investor in Inter Milan. After that Serie A shocker, Arms's lawyers poked around other assets thought to figure in the Roeslani squad, including two French châteaux, a Beverley Hills mansion and a Spanish golf course.Singapore's ruling compelling Mr Roeslani to pay up gives Arms the legal clout to go after such assets - and surely a reason for the Serious Fraud Office to go after him. It's a big figure too in the context of a £10 million company, which may explain why the shares jumped 500 per cent yesterday to 24½p, helped maybe by hedge funds paid on year-end performance. Yet, there's a big difference between getting a court ruling and extracting the Roeslani readies. And, even if Arms succeeds, it's still got to refinance $950 million debts by 2019. If only Mr Roeslani could make them vanish too. |
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