Energy Asset Management Share Discussion Threads

[fairdeal2008] 19/3/2009 09:41

Oh and bought a few before just to get a foothold.

[fairdeal2008] 19/3/2009 09:40

NGP do look to be at a big discount to net assets, so there may be potential.

theblackswan, what has happened to eam in the past looks to be a bit of a black swan state of affairs....

I was just drawn to the fact that they have effectively nearly £1million (with Dec payment) to invest and have stated this will be in the energy and nat resources sectors, and given the massively depressed commodity sector prices, that will get you a heck of a lot.

Despite past troubles timing could be good for a big sea change in fortunes. Shame the MMs hold this to such a huge spread, but as we have seen, that can change very quickly in the microcaps...

Good luck

imho

[tomboyb] 19/3/2009 09:32

what about ngp? market capital of 125k and a dr. william rob buyinga few.

[theblackswan] 19/3/2009 09:18

Given up with these our share club invested in these at 2.2p
still own them :-(

[fairdeal2008] 18/3/2009 17:37

Is it just me or is this valued at less than cash.

I believe they had £475,000 at start of year and are looking for opportunities in natural resource or energy sectors.

Can buy 1million online at 0.1. At 0.075 mid that values them at about £225-240k I think so about half cash.

Then there is another instalment due December 09 on recent disposal (around half a million I think) with quite a large additional earn out if the disposal perfroms well in the following year.

Any thoughts from holders? I don't have any but would be interested in your thoughts?

[sagem] 03/2/2009 21:10

So whats really going on here........does anybody know or have any idea

[5dally] 02/2/2009 15:48

Watched the rise on this one,,someone must know something with this buying,,,IMO ,good luck to all holders

[pelleeds1980] 02/2/2009 15:46

I hope so looks promising so far....

[diamond1] 02/2/2009 15:40

Somethings happening! Just look at the trades.

[dolores123] 02/2/2009 15:27

The share price is making a recovery. Are the new directors lining something up??

[fc786] 09/1/2009 17:37

RNS Number : 4383L
Energy Asset Management PLC
09 January 2009


Energy Asset Management Plc

9 January 2009

Energy Asset Management Plc
(the 'Company')
Result of General Meeting of Shareholders
The Board of the Company is pleased to announce that the resolutions to approve the
disposal of the entire issued share capital of
Energy Assets Limited (EAL), a wholly owned subsidiary of the Company and its principal
trading entity (the 'Disposal'), and the new
investing strategy were approved earlier today at the General Meeting of shareholders and the
Disposal has now been completed
('Completion').
Further to the announcement on 23 December 2008 and detailed in the circular to
shareholders, Alan McKeating, Philip Bellamy-Lee and
John Butler have today, following Completion, resigned as directors of the Company and John
Butler has resigned as Company secretary. Mr
Martin Henry Withers Perrin has today been appointed as a director of the Company and Company
secretary.
The Company has now become an investing company under the AIM Rules. The Company's
investing strategy is set out below.
The Investing Strategy

The Company will seek to acquire assets, companies or businesses in the United Kingdom and
Europe in the energy or natural resources
sector and in the service sector.

The Company may be either an active investor and acquire control of a single company or it
may be a passive investor and acquire
non-controlling shares or other assets or businesses as is considered to be in the best
interests of the Company.

John Shaw and Martin Perrin (the 'New Board') anticipate that the management of any
acquired company will have the expertise required to
manage and develop that business though they may consider retaining board positions. The New
Board believe that their collective experience
in corporate finance and general involvement in small companies, both public and private,
together with their extensive contacts base will
assist them in the seeking, evaluation and funding of target companies. If required, the New
Board will consult with external specialists in
respect of the analysis and due diligence on a target company. In tandem with an acquisition
the New Board will consider recruiting
additional directors with specialist knowledge of the target.

The Company has undertaken that it will not, for a period of two years following
Completion, compete in respect of any business carried
on within the United Kingdom or the Republic of Ireland which wholly or partly competes or
proposes to compete with the business carried on
at Completion by EAL or with any business which at Completion EAL proposed to carry on in the
immediate or foreseeable future.

The Company will have to make an acquisition or acquisitions which constitute a Reverse
Takeover under AIM Rule 14 or otherwise
implement the Investing Strategy by 8 January 2010 failing which its shares will be suspended
from trading on AIM. If no acquisition is
made or the Investing Strategy has not been implemented by 8 July 2010, the admission to
trading on AIM of the Company's Ordinary Shares
would be cancelled.

If the Company has not identified a suitable acquisition approved by Shareholders
following receipt of all of the consideration funds
due to the Company pursuant to the Disposal (the date of which is anticipated to be 30 June
2010), the Company will hold a general meeting
to decide whether the Company should be wound up with funds returned to Shareholders or
continue to seek to identify a suitable
acquisition.

The Company also announces that with immediate effect its website address has been changed
to www.eamplc.net.
Further Enquiries:
Energy Asset Management Plc

John Shaw, Director
Tel: [phone]


Ruegg & Co Limited

Gavin Burnell / Brett Miller
Tel: [phone]

can anybody explain the above please.

[bigalan3] 29/12/2008 16:14

Stick the money in Goodwin PLC and just wait. An excellent company.

[dolores123] 29/12/2008 15:38

Whilst it is totally disappointing that the directors sold out the trading subsidiary (and by the way kept their jobs)we are left with a "clean" quoted company that has a new management team and about £1m to re-invest over the next 12 months. So EAM now has a value exceeding its current quoted price.

Lets hope the new team can find something interesting to invest in. The alternative is to sell at a loss at a grim price.

[bigalan3] 28/12/2008 14:27

Looks like we are left with a cash shell and one with tax losses.
We have to vote it through and see what they can do with it.

[cleudo] 27/12/2008 23:57

so, noones answered my question... is this still a functioning business???

[bigalan3] 23/12/2008 08:39

If they are trading profitably on a monthly basis is funding such an issue?

[5dally] 23/12/2008 08:28

Good rise yesterday and this morning,,,,something brewing ???

[cleudo] 19/12/2008 12:49

Have they ceased trading? Is it still possible to sell shares?

[yufff] 18/12/2008 13:35

Finished-=dead and buried.

[vida] 04/12/2008 09:47

Not a holder, but I remember looking at the accounts a year ago. They have an unusual funding system in which a 3rd party owns the meters and the clients pays the 3rd party and on to EAM (or something like that). Looks as though the finance is not available, which is surprising given the growth of the company. Probably low margin.

I have liked EAM in the past and it's in a growth sector. What shocks me here is how unclear the RNS is. It could be just the third party being sold in which case many of the services of EAM would be unaffected. Lack of clarity means I'm steering clear for the moment. Best of luck holders.

[bikerserv] 04/12/2008 09:42

anybody know what's hit the fan?

[still waiting] 04/12/2008 08:22

sounds like game over, or just about.

[bigalan3] 04/12/2008 07:48

What is going on? I thought we were trading profitably.