Asset Management Investment Share Discussion Threads

[ntv] 20/5/2005 18:31

cwa1
if you ring me i can send you defence and req docs,worth a read

[rambutan2] 20/5/2005 12:12

and im fairly sure that iimia, neptune, and maybe new star would be happy to get out.

[ntv] 20/5/2005 10:39

cwa1
i think you are right they want 29.99%
prepared to pay between 45/50p
george robb did say that they weren't preparing a bid
i think it will probably be a last resort

bit of mess really
after getting rid of gr ,the new management appears to have done sweet fa about sorting the assets out and making them sweat

glad i banked my profits a lot further up

either way i think shareholders are set to lose
think gr and his gang are the winners here

[cwa1] 20/5/2005 09:06

Purely FWIW and nothing more really, the online market seems very tight at the moment. Can only buy a derisory 1500 electronically at full market offer but can sell 75,000 back to the market makers at above the bid. Somebody still seems keen to hoover up stock. Maybe the requisitionists are trying to get to 30% cheaply before snapping up the rest of the company?

[ntv] 15/5/2005 20:18

so presume you are backing current management rambutan2?
as george robb was previous and ousted in december last year
unfortunately as far as i can make out so far , the main problem is that current directors have valued fx concepts at around £16/19m and have refused to except the offer by fx directors for the remaining shares amn control so they in turn have bought shares in amn and now with around 25% of the share capital they can stop the current board of amn doing anything at all
looks like stale mate to me
mike pritchard has emailed me a circular and george says their circular to shareholders will be sent to shareholders early this week

at the moment my thoughts are as follows

amn refuse offer for fx concept from its directors saying its not enough the rest of the stake in the company

fx directors decided that because of the valuation on amn and its share structure it was cheaper to buy a big stake in amn rendering the current board powerless

thus eventually it will have to give in because of the repayment of zero's in oct 2006
new board could win at this egm gaining control of the boardroom of amn
it can then sell the assets off as it chooses which will include fx cocepts basically to cover repayments of zero's

with a valuation of fx concepts being the main investment this trust is basically stuffed
and once fx concepts is sold i guess they won't care how much the rest of the assets are sold off for
any way that is my initial view and wait with open eyes to be proved wrong

[rambutan2] 12/5/2005 22:22

having watched amn over the years i would certainly side with the view that this was badly managed previously. costs far too high and port valuation far too dodgy. im very much in favour of a leaner meaner look.

[ntv] 12/5/2005 22:10

this is interesting
am speaking to george robb and mike pritchard tomorrow
want to hear both sides of the story

[rambutan2] 12/5/2005 21:59

rns re egm out today.
not doing much for the share price!

[ntv] 30/4/2005 21:59

company will not say anything about pending egm or the intentions of the guys who want oust existing board
though my own feelings are that the existing direectors have creamed a bit to much off the top for these guys liking
we will see in due course as these things seem to take about a couple of months

[ntv] 23/4/2005 14:33

does anyone know a contact number for the guys requisitioning egm ?
thanx

[linhur] 22/4/2005 21:00

EGM requisition to remove four directors.



Whats all this about then??
Any possibility of wind up or more sales meaning that the nav will be returned to shareholders/

kind regards
linhur

[rambutan2] 01/4/2005 15:24

did anyone go to agm.
all share price has done since is slip down.
wonder whether something was said?

in any case, am all in favour of this...
ASSET MANAGEMENT INVESTMENT COMPANY PLC
('The Company')

The company announces that 338,914 share options granted under AMIC Executive
Share Option Scheme ('CSOP') were cancelled on 31 March 2005.

Of these, 250,000 related to Mr John Spurdle, a former director.

The cancellations are in accordance with the rules of the CSOP and relate to
former employees who left the Company on 30 September 2004.

The remaining number of outstanding options issued under the CSOP is as follows:

Date of Grant Number of Shares Exercise Price Earliest Exercise Latest Exercise

10 December 2001 35,000 142 1/2p December 2004 December 2011
21 January 2003 33,664 65 1/2p January 2006 January 2013

[rambutan2] 02/2/2005 11:18

agm on thurs at 2pm.
best way to get some decent info on where we are up to.
unfortunately i cant make it.
anyone else going?

[pogel] 01/2/2005 19:38

hmmm todays nav shows a big drop from the previous day. Payment of the dividend was 3p so im guessing this is where its gone, although nav has dropped by more than the divi payment.

[895bulldog] 27/1/2005 20:45

no obvious reason it will soon be back

[ntv] 27/1/2005 18:04

thats not allowed to happen

[ntv] 24/1/2005 18:57

still ticking up

[895bulldog] 23/1/2005 21:10

ntv thanks mate decided not to buy yet,but have bought more pipex

already up a few bob, take a look at charts for this time last year

possible repeat?

[ntv] 23/1/2005 20:02

895bulldog ,
be careful buying evs at the mo because of big number of options on friday
sold a few to take some profits ,might look to get back in sometime when price is right,placing order around 2.4/2.5

[rambutan2] 23/1/2005 19:44

this got tipped in feb money observer as too cheap. wonder if behind some of last weeks rise?

[ntv] 21/1/2005 19:16

nice tick up aswell

[ntv] 21/1/2005 19:15

a K trade is a single block trade
go to top of page and click trades
on the right hand side is a "help" button with red round it
click on there for full explanation of trades

[895bulldog] 20/1/2005 19:36

nice tick up again! what is K trade today for 273000?