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ADSS Atlas Dev

0.31
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Atlas Dev Investors - ADSS

Atlas Dev Investors - ADSS

Share Name Share Symbol Market Stock Type
Atlas Dev ADSS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.31 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.31
more quote information »

Top Investor Posts

Top Posts
Posted at 05/10/2015 18:07 by sigora
some very sour peeps on lse can never understand why so many are so bitter when they miss out just be happy for your fellow investors/traders
Posted at 29/7/2015 18:17 by deanroberthunt
Read this from April, made me chuckle...

Analysts expect Africa-focused resources logistic specialist Atlas Development & Support Services (ADSS) shortly to report a turnaround towards profitability, fuelled by last year’s acquisition, Ardan Logistics Kenya, as the AIM-quoted company seeks to clinch new, larger contracts with major mining groups and scouts new takeovers.

In the wake of crumbling oil prices and consequent project deferments in that sector, Atlas, whose losses surged nearly tenfold in the year to last June to $1.4 million (£903,000) before it changed its year-end to December, has been diversifying away from primary concentration on oil and gas, with clients such as East African explorer Tullow, and into mining, infrastructure and geothermal projects and says it so far built up a $500 million potential contract pipeline, mostly in seismic operations.

Registered in Guernsey and headquartered in the Kenyan capital Nairobi, Atlas, which also works with potash explorers in Ethiopia, is hardly the toast of investors in today’s climate, as its shares languish at 3.38p, down some two-thirds from their 12-month high. But chief executive officer Carl Esprey, an accountant and former luminary at mining giant BHP Billiton, is set to re-focus the business and pursue contracts in the $100 to $200 million bracket, assisted by operations chief, Lachlan Monro, ex-British army officer, former executive of the Kroll investigation group and founder of US-based risk management outfit Blue Hackle.

Texas-based US Global Investors and Gibraltar-headquartered Beyond Africa Fund hold significant stakes in Atlas, which transformed itself last year with the takeover of Ardan, then in the orbit of entrepreneur Phil Edmonds and his right-hand man Andrew Groves (who is now a non-executive director and shareholder of Atlas). This deal brought bigger contracts and ‘a blue-chip clients list,’ explains Monro, while stating ’we opened the cupboard renegotiated the deal down from $25 million to $5 million and put $15 million into Ardan, paying off creditors, building up inventory and introducing efficiencies.’

After all this, Atlas ended last year with $14 million (£9 million) cash, according to Monro, having raised £7 million in July at 9p on AIM and another £3.3 million in Nairobi in December at the equivalent of 8.13p, when the company listed its shares in Nairobi, in line with Kenya’s indigenisation policies -- both prices well above current levels. Suggesting the chief competitors for bigger contracts will be Chinese, Monro insists ‘we are not seeking money’ and argues ‘if one big deal comes through, we will have no need to go the market, though, if two came through, we might have to.’

Monro plays down Kenya’s perceived political risk. He says there ‘has not been much religious strife there,’ though he also suggests ‘the more disruption there is, the more opportunities there are,’ claiming ‘we can operate in challenging places.’

If more deals come through on good terms (despite potential competition from larger concerns), activity holds up in Atlas’s chosen fields and East Africa stays calm, Atlas shares could rally.
Posted at 28/7/2015 13:33 by dochollidaysaliases
That's ma boy

Lets take stock. We know the sector they're in is making losses and they are on the market to raise money, theres no crime in admitting that. What we got is a business thats losing money for now but will go on the campaign trail early next year to find new investors. and there's posivity in that cos the money they get, and hey now, maybe an acquisition or two, can turn things around. and that's all we ask for as investors, theres gotta be something we can hang our hopes on to allow us to believe it won't go bust. this one has a real chance to survive and what doesnt kill ya makes you stronger so if does survive look out for those gains.
Posted at 28/7/2015 13:06 by sunnyboy25
mostyn,

From 17th July RNS: "cash position of US$6.1 million as of 30 June 2015"

I believe $6.1 million is circa £4 million....;)



P.S.

"Most investors want to do today what they should have done yesterday."

(Lawrence Summers)

What about the future then? LOL
Posted at 22/7/2015 15:32 by sunnyboy25
singer, some CEB 'investors' at 0.14p thought the same re 0.5p+ etc

LOL

;)

P.S. Sorry for typos
Posted at 20/7/2015 09:46 by yasx
The trading statement was rather dire - indeed, the outlook statement was hardly favourable.

Notwithstanding the lack of visibility, and strictly from a trading perspective, given the Company has last some 90% plus over the past six months, hardly punctuated by any bounce - even more seriously, it has seen the value of the shares reduce by over 75% since Friday, with the RSI at extreme levels, at below 0.7p to buy (there is stock available), a cash position greater than the m/c, this will bounce.

Traders ought to back it - investors might think otherwise.

I have taken a trade on the long tack.
Posted at 15/7/2015 12:50 by singer8
top tip here

EPIC code: HUM
Hummingbird Resources; success builds on success at Yanfolila, buy for the long term
By Robert Tyerman | Wednesday 15 July 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Out of favour West African gold play Hummingbird Resources (HUM) is trumpeting positive developments at both its key 1.8 million-oz. Yanfolila project in Mali and its longer-term 4.2 million-oz. Dugbe prospect in Liberia. The AIM-quoted company, whose shares have crumbled 80% from their 167p AIM float price in 2010 to 32.5p now, has hoisted likely recoverable grades at the Komani East deposit within Yanfolila 68% to 5.24 grammes of gold per tonne of ore by means of grade control orientation drilling ahead of scheduled first production in the middle of next year.

Steered by entrepreneurial chief executive officer Dan Betts, Hummingbird already anticipates extracting 100,000 oz. of gold a year from Yanfolila at an average grade of three grammes a tonne and all-in costs of $733 (£478) an ounce, against a currently weak price of $1,154, and is now working to adjust the economics of the project in the light of the enhanced grades. Before the latest grade control drilling, the company reckoned Komani East held a worthwhile 332,500 oz. of gold, but now this could well be increased.

Now valued at £34 million, Hummingbird, which lost £2.17 million in 2014 and raised £4 million last month at 33p from investors including an affiliate of the Canadian Sprott investment group, bought Yanfolila a year ago for shares from South African mining group Gold Fields, which it says had previously spent $100 million on the project. As a result, Gold Fields now owns around 20% of Hummingbird, which, as well as so far raising £10 million equity, has arranged $65 million (£42.4 million) in loan finance from Sydney-based investment concern Taurus.

At Dugbe, the company says it has obtained better than expected terms from the Liberian government for a 25-year mine development agreement, due to be signed shortly by the country’s president, Ellen Johnson Sirleaf. The government will charge a 3% royalty on gold production and charge 25%, instead of an expected 30%, on any future profits.

Liberia will also take a 10% free carried interest in the Dugbe project, which Hummingbird’s scoping study suggests could require capital spending of $212 million. That should enable Dugbe to produce a hoped-for 125,000 oz. of gold annually for20 years at an average all-in cost equivalent to $900 an ounce.

Costs could come down, too, if a feasibility study now being conducted with the World Bank-linked International Finance Corporation (which itself took 5% of Hummingbird in 2012) were to support switching from diesel-fired power, costing 28 cents per kilowatt used, to hydroelectricity, which the company suggests could almost halve that cost. Hummingbird says it will be looking at its funding options for Dugbe.

Gold’s 40% price fall since its peak of more than $1,900 an ounce four years ago has not helped Hummingbird’s shares, while cash calls and project costs have grabbed attention. If gold regains friends, so too should Hummingbird.
Posted at 14/7/2015 13:11 by paxman
It's a near zero liquidity market in this share. £4,500 of trades and the market cap falls by £400,000. Roughly 100 to 1 ratio.

It's surprising a well capitalised private equity outfit doesn't buy up cash rich AIM companies like Atlas, hold them for a few years, and float them at a multiple of the price on a more liquid market elsewhere.

The LSE should close down AIM in its current form. It's had its day and has lost investors a lot of money over the years. Too many fee earning, lifestyle, loss making companies. The profitable, or fast growing ones with good business stories, like Atlas get lost in the garbage and have to attract interest from investors who, having lost a lot of money, have limited funds.

The LSE should open a new market, relist the profitable/fast growing companies, and list the lifestyle companies on another market.
Posted at 18/6/2015 10:28 by mostyn
Too many investors have already been following this on twitter, and more comment on the presentation or new rumour is unlikely to make much difference. This needs hard news (RNS) before investors are likely to take notice to the extent that they are prepared to hold the shares for more than a few hours/days. It's more likely that money is to be made by holding for a good few months than trying to chase ups and downs.
Posted at 21/5/2015 13:49 by phil1969
Hi 21T, I get what your saying and my posts on LSE are contradictory but there is no agenda. Some days I'm an investor. Some days I'm Mr 10% just looking to bang anything between £6-20k into something to turn a quick profit. Just like a share, my opinion can change like the wind when trading. I also took a documented punt on PLUS yesterday looking for a small but quick profit but could tell it was running out of steam so got out before the afternoon sell off. In at 417 and back out at 417 before it turned into a loss, at one point I was showing a profit but it wasn't at my target sell. This isn't lack of patience or darting around like an excited puppy. It's called day trading. If a trend turns against you on a day trade you have to make a decision to ride it or get out. Getting out of ADSS this morning has saved me £1500 on a day trade, it may cost me compared to holding it for a month but I didn't buy it with the intention of holding it for a month I won't knock anyone who is 'investing' and investors shouldn't knock day traders. We are all here to make money (and minimise losses) whether buying and holding or buying and selling in 20minutes. You all need to pay more attention to the market and less time on my inane posts.