Asset Management Investment Share Discussion Threads

[ntv] 19/3/2004 15:40

60p here we come

[snookered4] 19/3/2004 13:03

I know NTV, I got 10,000 at 47p!

[ntv] 19/3/2004 12:50

they are still about
this ones a bewt
good yield and NAV is now picking up
RNS Number:7175W
Asset Management Investment Co.PLC
19 March 2004


Asset Management Investment Company PLC

Chairman's AGM Statement

At the Annual General Meeting of the Company, held yesterday, the Chairman made
the following statement:


'In my statement in the Annual Report I referred to the improving conditions in
the asset management sector resulting from the recovery in world markets. There
is always a time lag involved before changing conditions in the companies we are
invested in flow through to our own figures, but these are now being seen and
you will have noted the recent increase in the net asset value, at present 82p.


Currently the strongest performers in the portfolio are FX Concepts, City of
London InvestmentGroup and IFDC, all of whom are benefiting from favourable
conditions in the areas in which they operate combined with the quality of their
own management performance.


In the case of FX Concepts we were recently approached by their management with
the request that we sell back to the company, to be used to incentivise their
management, part of our holding of common shares. As we held a potential 41% in
FX Concepts, assuming conversion of the note which we hold in addition, and the
companywas by far our largest investment, we were happy to enter into
negotiations.


I am therefore able to announce that we have sold one half of our holding of
common shares for a price of US$2,800,000 and that the sterling equivalent of
approximately #1,500,000 has been received. This represents a capital gain of
133% in just over a year. The shares were nil yielding, and we continue to hold
the convertible note which carries a coupon of 10% and an attractive revenue
share. This, together with the common shares we continue to hold, gives us a
potential holding of approximately 33% in what we regard as a most attractive
investment'.


For further information please contact:


George Robb Asset Management Investment Company PLC
Managing Director 020 7329 1290
[e-mail]



Alessio Corbo Asset Management Investment Company PLC
Company Secretary 020 7329 1292

[energyi] 09/5/2003 08:33

Idea: Buy warrants, hedge the stock price. Any takers?

WOULD HAVE WORKED
since profits from the Short side
would have more than compensated for loss on Warrants

I'm standind aside for now as I expect to sese stocks slide

[specuvestor] 09/5/2003 08:14

There are no warrants. They expired last year.

[bwanker] 08/5/2003 14:04

Anyone know what the warrants are now

[energyi] 15/1/2002 00:30

Another Chart:
HK Stocks:

Corporate Summary
Shares O/S: 1.1 billion
Price:..... HK$0.1325 / US$0.017
Mkt.Cap.... HK$145 million
US$ Equiv.. US$18.6 million

Book Value: US$83.6 million (9/30/01)*
Cash....... US$ 7.6 million

* Most of asset are in:
Assoc.Cos: US$66.9 million:

KoreaOnline: (40%):
Fixed Odds Group: (xx$%)
AstroEast:(xx%)
AstroAdvice:
BigSave:

OTHER LINKS:
IRegent News:

HK Quotes etc.:
(user: ukboard / pword : 29872678

[energyi] 14/1/2002 13:22

KOREA ONLINE, 40% affliate: Private Company??
KoreaOnline owns: 73% Regent Securities and 60% Ileun Securities

(According to the 9/01 report):
- Restructured with focus on securities business
- Tang. NAV: $196 mn, up 10%... rising further
- Group Net Profit: $4.3 mn
- Cash equal to 47% NAV
"The balance sheets of RSC and ISC are very strong: debts are minimal and the two companies have combined cash balances of US$156 million, equivalent to 49% of the KOL Group's net assets... Both RSC and ISC have been operating profitably... On 7 Dec.2001, the boards of the two companies agreed to merge... The merged company will be called Bridge Securities Co. Ltd. (BSC)... KOL will own 66% of BSC... will result in an uplift of at least US$15 million in the tangible NAV of KOL."

"KOL will end up owning 63.1 million out of 95.4 million shares of BSC."

IRegent's share of the $15mn uplift would be: US$6mn / 32% of Mkt.Cap!

From Aug.2000 article:
KoreaOnline is 46% owned by Hong Kong-listed iRegent.com and has a Western management team headed up by CEO Robin Willi, fomerly managing director of Bear Stearns Asia. It is positioning itself as a ‘bricks and clicks’ operator, bringing together its traditional insurance, securities, asset management and banking companies with an integrated call centre and internet distribution channel.

Its growth has been mainly through the acquisition of small Korean financial institutions, although it is growing its Regent Asset Management subsidiary from scratch. It had previously acquired Haedong Insurance and Kyun Su merchant bank and will be adding the retail oriented Ileun Securities to its existing Regent Securities, which up until now has had more of an institutional focus.

“We buy these assets at maybe one-to-two times price earnings ratio (PE) and turn them around by using 21st century distribution channels,” says KoreaOnline COO Andrew Ashworth. “They’re quite small so we can turn them around quickly.”
SOURCE:

From May 2000 article:
Q: What are the figures?

A: KOL is now worth $507 million. iRegent's market capitalization is around $240 million. We've invested about $45 million in KOL and it is making about $100 million in profit a year.

Q: How did it all happen?

A: Two years ago we started investing in a securities company called Daeyu in Korea. The business was losing $15 million a year when we bought it. Now it makes between $5 million and $15 million profit a month. So we bought more and more - it's a public company. We now own 71% of it. And then we thought we can do the same thing in other areas, so we bought a bank, an insurance company, we've built an asset management company, and we put them all together on an online platform for the distribution of our products and services. We call it KoreaOnline.

Q: Who are the other investors in KOL?

A: State of Wisconsin, a pension fund, owns 15%. Then Chinadotcom, Rothschild Group, Sir John Templeton and an investment group in Japan. It's still a private company and is going to go public on Nasdaq in the second half of this year.
Source:







LINKS:
Korea Stock Exch.:
Korea Stocks:
AsiaCo, Korea:

[energyi] 14/1/2002 11:01

Far East Indices: 42.97 -16.36 19.98 11,209.43 +0.38% 1,791.41 -0.90% 1,258.73 +1.61%

[energyi] 14/1/2002 10:52

HK and China Indices: 42.97 -16.36 19.98 11,209.43 +0.38% 1,791.41 -0.90% 1,258.73 +1.61% Hong Kong quoted, iRegent is an asset management group with potential for a big turnaround. Watch it, don't miss it!Chart:iRegent's main areas of business are its Asian asset management (assets under management: US$600 million), corporate finance and direct technology based investments. In Asian asset management, iRegent manages both listed Asian equity funds and private equity funds. The combination of managing listed equities, private equity and direct investments means iRegent has a unique 360° view of Asian investment opportunities.The Group was listed on the Hong Kong Stock Exchange in May 1997. Shareholders include a number of leading international institutions from the USA, Europe and Japan. Management and staff are the largest shareholder group.iRegent and its associated companies presently operate in four main areas:- Technology Investments- Asset Management- Corporate FinanceiRegent manages US$600 million of funds for international institutional investors. We focus on Asia and on direct investments in particular. We have an established track record of investing in Asian technology companies and believe that technology will be the dominant force in the growth of Asian economies in the future. The Group has a specialist fund management team in Hong Kong covering both listed and unlisted technology companies. Our associated company, Regent Europe Limited, headquartered in London, specialises in Eastern European investments. Regent Europe manages US$400 million on behalf of clients through listed and private equity investments.Historical Earnings versus Stock Price:FROM: LINK: HK Quotes: AMN Thread:

[energyi] 14/1/2002 10:41

iRegent:
iRegent's main areas of business are its Asian asset management (assets
under management: US$600 million), corporate finance and direct technology
based investments. In Asian asset management, iRegent manages both listed
Asian equity funds and private equity funds. The combination of managing
listed equities, private equity and direct investments means iRegent has a
unique 360° view of Asian investment opportunities.

The Group was listed on the Hong Kong Stock Exchange in May 1997.
Shareholders include a number of leading international institutions from the
USA, Europe and Japan. Management and staff are the largest shareholder
group.


iRegent and its associated companies presently operate in four main areas:

- Technology Investments
- Asset Management
- Corporate Finance

LINK:
THREAD:

[energyi] 14/1/2002 10:35

AMN versus some of its holdings:

Asset Management Inv. Trust (AMN)


Singer & Friedlander (SFL)


Stockcube (SKC)


W.P. Stewart (WPL)


Integrated Asset Management (v.IAM)

[energyi] 14/1/2002 08:52

Here's AMN's Listed Portfolio

Investment..............SYM...Cost...Value
Various Bonds:
Aberdeen Hi.Inc.U/Tr....xxx..13902...11980
Coventry BldS.12.1%.....xxx...2509....2490
NatWest 9% Pf.Shs.......xxx...1668....1584
StanChart 8.25% Pf.Shs..xxx...1496....1463
Shares:
Integrated Asset Mgmt..v.IAM...526.....219
iRegent Ltd............HK575..2156.....167
iRegent wts.............xxx.....23.......1
Singer & Friedlander....SFL....596.....524
Stockcube...............SKC....150......70
WP Stewart & Co.........xxx....130.....100
..............................----....----
.............................xxxxx...xxxxx

LINKS:
Integrated Asset Mgmt (IAM):

[mr ashley james] 14/1/2002 08:49

Energyi,

I would prefer to buy some 10p CER warrants if you have any going?

Cheers

Ash

[energyi] 07/1/2002 22:01

Asset Management Investment Company PLC announces that the net asset value
of its ordinary shares as at 04-Jan-02 was:

Undiluted Net Asset Value: 146.82 p
Fully Diluted Net Asset Value: 144.51 p

Unlisted securities are revalued on a monthly basis.
SEEMS THAT:
Price is falling because of concerns about the value of Unlisted securities

[energyi] 08/11/2001 13:10

ASSET MGMT INV (AMN): 130.5P

Original Comment: Nov.2001:
Warrant exercise price is 100P. AMN nav is : 136.5P,
meaning NAV backing for thw Wts. is deep in the money
and backing (36.5P) exceeds warrant price (32.5P).
So a mere narrowing of the discount would push these
warrants higher.

Idea: Buy warrants, hedge the stock price. Any takers?

More Study: AMN vs. FTSE


Part of the reason the Warrants look cheap: big dividend.
Final of 8.20P, making 16.00P for the year. Must exercise
(too late?) to capture the dividend.

AMN's Portfolio: Biggest Positions:
Investment...............Cost..Value....Pct.
Aberdeen Bond Trust.....13902..11980...25.1%
IFDC.....................2166...6152...12.9
Valenzuela Cap. CvBd.....3459...5436...11.4
Int'l FX Conc. CvBd......3567...3418....7.2
City of London Inv.Gp....2741...2319....4.9
MMCM Holdings............2359...2169....4.5
Int. Asset Mgmt CvBd.....2000...2000....4.2
........................-----..-----
........................30194..33474...70.2%

Investment..............SYM...Cost...Value
Various Bonds:
Aberdeen Hi.Inc.U/Tr....xxx..13902...11980
Coventry BldS.12.1%.....xxx...2509....2490
NatWest 9% Pf.Shs.......xxx...1668....1584
StanChart 8.25% Pf.Shs..xxx...1496....1463
Shares:
Integrated Asset Mgmt..v.IAM...526.....219
iRegent Ltd............HK575..2156.....167
iRegent wts............HK633....23.......1
Singer & Friedlander....SFL....596.....524
Stockcube...............SKC....150......70
WP Stewart & Co.........WPL....130.....100
..............................----....----
.............................xxxxx...xxxxx
LINKS: re: Investments:
iRegent Thread:
Stockcube Thread:
Integrated Asset Mgmt (IAM):
W.P. Stewart:
Bowen Asia (Stewart Affiliate):

MORE: