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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Asset Man Inv | AMN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 70.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 70.00 | 70.00 |
| Top Posts |
|---|
Posted at 24/12/2010 10:32 by oniabsta No divi will be paid.Don't forget there will be other costs to take into account. I'm banking (hopefully conservatively) on a min of 70p on a NAV + inc of 79p NAV now 81.46p so there should be some upside if same level on the calc. day |
Posted at 24/12/2010 09:16 by tel5 will there be a dividend payable or will the offer be on the price of dividend included less 8% on current prices that would mean about 74p a share |
Posted at 01/11/2010 11:15 by asmodeus Grateful if somebody would please explain the implications of the "Form 8.5" just announced. Does it mean somebody has bought more shares in AMN than have been sold? Sorry to be so ignorant. |
Posted at 27/10/2010 10:50 by tiltonboy jimbo,No, I'm going to take the cash. After investing in RIG, I saw what happens when a leveraged bond portfolio becomes illiquid in a falling market. On paper they look interesting, but if the high yield market suddenly turned south, the NAV can disappear very quickly, together with it the dividend. |
Posted at 27/10/2010 10:43 by jimbo3352 tiltonboyAgreed. I'm happy for the discount to nav to be reduced and for potential pressure to sell IFDC at any price to be delayed. I hadn't realised Geoff Miller had been with AMN for 5 years. Presumably, he has detailed knowledge of IFDC. I always found IFDC a bit hard to follow: Japanese asset manager publishes unconsolidated accounts in euros out of Lichtenstein with a UK sub used as a cash shell only for the investment in AMN's accounts to be reported in US$? Are you going to remain invested in GLIF when this all goes through? |
Posted at 27/10/2010 09:25 by jimbo3352 I can't see the logic of this offer from GLIF's point of view. AMN currently is in run off and has just 3 main investments, shares in CLIG having been sold off:IFDC SA The book value of AMN's 17.25% equity stake slashed to £3.3m in 2009 in anticipation of reduced dividends. IFDC has more than adequate cash to buy out the AMN stake. see my AMN posting in April International Foreign Exchange Concepts, IFX has already bought out AMN's equity stake and the conversion rights of a 10% 2011 loan note valued at £4.1 which also carries a revenue sharing top up. Lombardia Capital Partners AMN has a 8% convertible note 2010 and small equity stake currently written down to £0.8m. Less than 1% of GLIF's investments are equity based. Fair enough if the loan notes had some years to run: IFX had resources to buy out AMN's equity interest and every incentive to repay an onerous but short dated note, which just leaves Lombardia. Am I missing something? |
Posted at 26/10/2010 09:59 by asmodeus Have checked with my Broker, who confirms that if my shares, held in my ISA, are taken over by an AIM company, the GLIF shares would have to be withdrawn from the ISA, which I wouldn't want to do, so will be obliged to sell AMN before that point. |
Posted at 26/10/2010 08:28 by oniabsta Thought about offloading a few but decided against it. Although may have to because half of my holding is in an ISA. I realise GLIF is to move to the main mkt but not sure of the timing and if I'll be able to keep them.Glif currently paying 4p divi equating to 14% at the price quotedEdit Oop's just re read and now I realise they are staying on Aim but also listing in the chan Isles |
Posted at 20/4/2010 09:49 by jimbo3352 I've held this share for some years and bought a few more this morning. I'm not sure why they suddenly sold the entire holding of CLIG. I do think the discount to NAV is a bit overdone as the only significant variable is the valuation of IFDC. Mr Robb certainly seemed to take an axe to this in the last accounts chopping of c£5m I recall. I'd been waiting to have a look at the 2009 accounts of IFDC UK and while these show a drop in profit of 25%, the company still managed to increase its assets by £2m to £9m made up mainly of cash. More interestingly, there have been no dividend payments up to IFDC SA for several years so presumably there is cash available to buy out AMIC's minority holding. The 2009 accounts of IFDC SA are not due for another couple of months based on previous years' filings but it will be interesting to see them if only for the dividend payment (Luxembourg filings are less than transparent). I suspect there will have been a recovery in the latter part of 2009. |
Posted at 18/3/2010 13:41 by bitochon TITONBOY.On 5th November you wrote "With the loan note of IFX redeeming in 2011, it would be nice to see the other holdings having been liquidated as well. After that, the revenue stream will be severly depleted." Will they be returning capital to the shareholders or will the dividend yield just plummet? Do you still rate these as a buy? Many thnaks, B |
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