Syndicate Asset Management Share Discussion Threads

[tara7] 04/11/2009 14:08

Sheds, how wrong you are , the placing of 17M pounds cleared all what is due for what they have bought.

[sheds] 04/11/2009 12:06

Once RBS have been paid the next installment, they are back where they started - no money!! But more shareholders!! Time for another RI perhaps?! Even this lot wouldn't try that, would they? DYOR, Si.

[ssur] 04/11/2009 08:53

There was a lot of loose stock around which has been cleared. I think they should rise if only on technical grounds.

[nod] 04/11/2009 08:34

hmmm... so you are saying their position looks better now than a year ago?

[ssur] 04/11/2009 08:32

Results were on 28th September. Are you sure they are due again so soon? Agree that they could rise from here though.

[tara7] 04/11/2009 08:03

A lot worse now, WRONG, costs cut , debt slashed and the value of funds they look after is well up since March 09. Plus the top dog of the company is of the view they are a buy. The workers and managers got in at 1p and will help us shareholders see 10p very soon in my view.

[nod] 04/11/2009 03:49

well it did fly up to 6p in May but their situation looks a lot worse now than then. I assume the investors know what they are doing and are confident this business can be profitable again.

It seems remarkable that the best offer was 6p given that the company was 90p a year ago. Although that valuation looked bizarre it was surely not 10 times over-valued?

Once the banks dumped SAM nobody else was interested and here they are at 2p.
I've looked at this company closely and it's still not clear to me what their problems are.

[tara7] 03/11/2009 16:16

yep, placing has paid off most of it.

[sheds] 03/11/2009 16:12

"very little debt"???!!!!!!

[tara7] 03/11/2009 15:00

Results due in around 10 days, bids of up to 6p turned down. Looks like the long term big shareholders were not tempted with 6p and would rather get the stock price up through profits. Buying at this level a company with very little debt, and over £5BN of funds that it looks after is in my view a good bet. If the results are good, could fly up to 6p overnight.

[scatty] 30/10/2009 12:39

I have been watching from the sidelines. With the extra shares in issue, I think the company should have the cash to meet short term debt commitments, e.g. RBS. I'm not sure what their cash-burn is or when other debt repayments due. The dilution for shareholders has been dramatic. With 1.8bn shares outstanding, many offered at 1.5p, even if profitable, eps not likely to amount to much. The offer has been taken up, so better analysis than mine obviously see things differently. No surprise to see talks with potential offeror discontinued. It was unlikely to be pitched attractively for shareholders with the RBS issue overhanging.

[nod] 30/10/2009 12:01

what does that mean? going under?

[sheds] 30/10/2009 10:05

The Board confirms that all approaches were rejected a number of weeks ago and
since then the Company has not had any contact with any possible offeror.
Accordingly, the Company announces that it is no longer in an offer period for
the purposes of the City Code on Takeovers and Mergers.

[tadska] 26/10/2009 21:41

Thanks mcbull!

[mcbull] 26/10/2009 15:55

The rights issue closed today and seems to have been a success!!!

[tadska] 26/10/2009 15:50

whats happening with SAM today? All large buys is it news leak?

[andrbea] 26/10/2009 15:50

21% now

nia dyor

[sheds] 23/10/2009 09:22

What else would you expect the boss to say??!!!!

[tara7] 22/10/2009 13:40

So, the boss is of the view this stock is undervalued, and wants the world to know. To me it points to all being ok and looking for the shares to rise.

[tara7] 22/10/2009 10:59

If you were in this stock years ago it will hurt, new buyers can get in today at the right price.

[sheds] 22/10/2009 10:02

"cash being put in by shareholders" is a point. More cash being put in is the real point. More dilution? How much more can shareholders stomach? Going under? - if not today.......then...... DYOR Si.

[nod] 22/10/2009 09:59

and where is the cash going?

[tara7] 22/10/2009 09:38

Not going under, cash being put in by shareholders.

[nod] 22/10/2009 09:29

Speaking as an ex-customer, I would not touch these with a very long bargepole until there was very clear evidence that they were not going under.

[pelleeds1980] 22/10/2009 07:54

andrbea check out TGE