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AMN Asset Man Inv

70.00
0.00 (0.00%)
19 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Asset Man Inv LSE:AMN London Ordinary Share GB0000580653 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 70.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 70.00 GBX

Asset Management Investment (AMN) Latest News

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Asset Management Investment (AMN) Discussions and Chat

Asset Management Investment Forums and Chat

Date Time Title Posts
07/1/201119:02ASSET MANAGEMENT- UNDERVALUED496
06/5/200420:05aurum mining - RUSSIAN MINERALS - TRADING TUESDAY5
09/5/200307:33Cheap Warrants? Below NAV!9
15/1/200211:55iRegent approaches a turnaround3

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Asset Management Investment (AMN) Top Chat Posts

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Posted at 07/1/2011 19:02 by ianbrewster
Net asset value (cum current year income) per ordinary share is 83.41 pence, so 92% would give 76.72p less termination costs, fees etc.

I think I'll wait for the money rather than sell for 67.5p
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 28/10/2010 12:04 by tiltonboy
Share alternative now worth nearer 74p.
Posted at 28/10/2010 07:34 by asmodeus
Tilton if opting for cash them, do you think the amount offered will defintely be higher than that available if selling for the current bid price ? (Silly question, I suppose).
Posted at 27/10/2010 10:43 by jimbo3352
tiltonboy

Agreed. 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 09:33 by tiltonboy
jimbo,

The issue is whether IFDC has the inclination to take out the AMIC shareholding, and what price it might offer. To me this offers an ideal opportunity to exit the investment, as post the IFX repayment, I wouldn't want my major shareholding to be an unquoted asset manager where I was one of only three shareholders. The shares would stand at a sizeable discount if that were to be the case.
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 quoted

Edit
Oop's just re read and now I realise they are staying on Aim but also listing in the chan Isles
Asset Management Investment share price data is direct from the London Stock Exchange

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