Asset Management Investment Share Discussion Threads

[tiltonboy] 02/11/2007 06:48

Glynne,

The Times also got involved, but failed to acknowledge my letter to them, after I pointed out a great number of innacuracies in their article.

Basically, one shareholder with a gripe over management managed to get a number of articles in the IC and the Times, and their reporting was extremely slanted.

Nice to see the NAV at these levels.

tiltonboy

[tiltonboy] 31/10/2007 14:10

CLIG well up again today.

[glynnef] 29/10/2007 15:16

2p on the NAV is nice. I see Carrousel Capital is reporting buying 175,000 shares. Pity it wasn't part of the buyback programme. Nevertheless I can't see the current 25% discount to NAV is justified as the management have consistently held their portfolio valuation constant through the market fall and recovery during the last 3 months. Let's hope the value here gets some buying attention and pushes the share price up 10%.
GF.

[tiltonboy] 29/10/2007 11:49

Worth another 2p on the NAV.

[davebowler] 29/10/2007 10:31

City of London up 8.5% today on excellent news of 73% increase in pretax profits.

[davebowler] 24/10/2007 12:23

I see City of London hit an all time high today.

[tiltonboy] 03/10/2007 14:33

Bear Stearns had a holding, perhaps it's something to do with that.

[jimbox1] 03/10/2007 12:36

Interesting that Carrousel Capital has bought a stake in AMN. C.C. is an arbitrage specialist with a reputation for activism. Perhaps we will see some action on the discount, at last.

[davebowler] 21/9/2007 13:57

City of London-a large holding- is jumping today on good results(CLIG)

[jimbox1] 18/9/2007 20:47

Dave, it looks like a bargain, but if the NAV is real, why isn't AMN buying back its own shares? It has the authority and bank facility to do it.

[tiltonboy] 18/9/2007 20:44

Barmy. They are getting smashed with other finacials.

[davebowler] 18/9/2007 20:38

30% discount to NAV

[glynnef] 17/8/2007 18:05

Tilton,

You were right. It is/was a buying opportunity. I added 5000 this am at 100.8p. Doesn't seem to show on advfn though.

thanks,
G.

[tiltonboy] 12/6/2007 11:50

LPF,

I think they are making a judgement on the portfolio. Had they sold IAM a few months ago they would have missed out on the huge rise.

I would be more than happy to see some of the peripheral holdings sold, but those are the one's that will be hardest to shift.

tiltonboy

[lpf] 12/6/2007 11:43

Good interims, great NAV, but I was disappointed to see that they haven't progressed much with liquidating the portfolio.

[tiltonboy] 12/6/2007 10:15

Good to see the statement this morning from AMN concerning the revenue forecast for this year. Distributable revenue expected to be at least £1.5m, which leaves the possibility of a modest increase in the final. 7p now looks like the base going forward, with further increases each year thereafter.

Each £210K of interest saving adds 1p to the dividend. Whilst it won't particularly benefit next year's payout, the $4m installments due from FX Concepts should add at least 0.5p per year to the dividend in future years. In addition, any sales of portfolio costituents will also benefit the payout ratio.

Even if we do not sell the major holdings, I can see dividend progression of 2007 - 7.5p, 2008 - 7.75p, 2009 - 8.5p, 2010 - 10p.

All of the above assumptions are based on equity markets that are not wildly lower than the present levels.

tiltonboy

[davebowler] 11/6/2007 10:16

City of London sees FY pretax up 41 pct on 38 pct jump in funds under management
AFX


LONDON (Thomson Financial) - City of London Investment Group PLC said it expects its full-year pretax profit to be about 41 pct higher year-on-year with funds under management increasing 38 pct.

For the year to May 31, the emerging market and closed end fund asset management group said it expects a pretax profit of 7.3 mln stg compared with 5.2 mln the year earlier while funds under management rose to 3.79 bln usd from 2.75 bln.

It added it intends to recommend a 7 pence final dividend, resulting from its second-half performance.

City of London said it expects to announce its full-year results on Sept 17.

[davebowler] 22/5/2007 11:49

Just to keep interest up!

[tiltonboy] 22/5/2007 11:47

dave,

Any reason for the post? They announce their NAV every day, and it has hardly changed for a number of weeks.

Just curious.

tiltonboy

[davebowler] 22/5/2007 11:42

Asset Management Investment Company PLC announces that the net asset value per ordinary
share as at 21 May 2007 is 134.12 pence

[davebowler] 07/5/2007 11:09

My thoughts exactly.

[tiltonboy] 04/5/2007 16:11

dave,

Already a holder, and wish I wasn't after today's announcement. Fall looks overdone, but it may take some time to restore value.

I spoke to Arbuthnot this morning, and they still think they are good value, but they are hardly supporting the price.

tiltonboy

[davebowler] 04/5/2007 15:57

Tiltonboy -another one for you- have alook at EET-below asset value, high yielding,too

[tiltonboy] 23/4/2007 11:42

Haven't had a look yet, but will do so.