Syndicate Asset Management Share Discussion Threads

[stinto] 25/1/2010 14:56

36M shares just dumped at 2p?
I suppose we should be happy that someone was prepared to take that many.

[romust] 21/1/2010 13:04

Either getting the share price down for takeover purposes or something nasty happening behind the scenes.

[stinto] 21/1/2010 11:32

Looks like somebody is dumping a lot of shares today.
Is it boredom or intuition?

[nod] 18/1/2010 01:09

given that SAM is made up of a bunch of acquired companies mostly bought at inflated prices and still in the midst of mergers, it's probably not an easy company to bid for.

[johndee] 17/1/2010 05:48

condor resources went from a buy at 0.42 to a sell of 0.62 just 3 days later...so was a good idea to sell sam at a small loss........i sold the condor AT 0.62 and bought more RRR AT 1.725..........have to keep moving money around in these markets but BAO is a strong hold if owned.

[loverat] 16/1/2010 15:07

I have to say that I think this is overvalued. Market Cap of 40M against 3M last year says it all.

The share price action since I made my views clear seems to support this. Going nowhere fast I think.

[itchycrack] 16/1/2010 14:16

Can I ask how realistic you think a bid may be here?
Is it really a likely scenario or just a remote possibility, as I've looked at this put can't seem to find anything that really points to any bid action, at least not for a while.

[tara7] 16/1/2010 14:12

This needs a bid, lets hope Gartmore get in quick.!

[moormoney] 16/1/2010 14:08

Come on Tara--don't forget this one it needs some help!

[romust] 13/1/2010 13:01

Reason for the rise anyone.

[romust] 11/1/2010 15:28

Reason for the fall anyone.

[johndee] 11/1/2010 13:17

I am out again and into Condor Resources as this is priced to go bust...........No matter what the news it only falls.

[johndee] 11/1/2010 11:24

bad results again.............

[nod] 11/1/2010 09:55

SAM made a huge loss of 19 million last year. The year before was its best ever year when it made a pre-tax profit of 3.76 million on turnover of 40 million. The current market cap is 42.6 million. Interims reported a loss before tax of 0.43m on 17 million turnover.

Based on fundamentals its hard to see why SAM should currently be valued any higher than it is.

[johndee] 11/1/2010 09:05

Logic says it will rise but in the real world you have sellers even though they know the price will rise after they have sold out..............

[ihavenoclue] 11/1/2010 09:00

romust - 10 Jan'10 - 12:38 - 79 of 81


Seems like you want to be able to place the blame somewhere should it not go your way.

==========================================

Blame ? I never bought in so never lost anything .. I am asking a simple question of why tara thinks it will fly/ 5 bag.

You should learn not to ASSume.

Regards
IHNC

P.S. Most people who give tips back it up with reasons why the THINK it will rise - is that such a hard thing to do ?

[tara7] 10/1/2010 15:25

This stock is like most of my TARA*S TEN FOR 2010, unloved . Thats why they do not cost 10p. Look at the news that came out on Fri, all very good as shown by the buying on Fri morning. We may have a seller in the market, thats how markets work. My ten for 2010 are not tips, i am not God.!! Read all the posts, and make your own mind up.

[shugmonkey] 10/1/2010 12:48

agreed

DYOR

[romust] 10/1/2010 12:38

Seems like you want to be able to place the blame somewhere should it not go your way.

DYOR FCS.

[ihavenoclue] 10/1/2010 10:54

It IS fair to ask why she thinks it is going to be a ood share in 2010 when her previous predictions for this share have fallen flat

[jonnyfro] 10/1/2010 09:48

and another piece out on Friday

Torquay firm part of £2billion financial outfit
Friday, January 08, 2010, 09:03Comment on this story

A TORQUAY financial advisers firm is part of a major asset management deal which formally started this week.
Independent financial advisers Rowan and Co Capital Management plc, which operates out of an office in Walnut Road, Chelston, is now part of Ashcourt Rowan after merging with its sister company Ashcourt.
The merger was launched this week by parent company Syndicate Asset Management plc - a group with around £6.4billion under management.
Ashcourt Rowan is now part of a wealth management network which includes 17 regional offices across the UK.
The offices will advise around 20,000 clients in total, with investments in excess of £2billion.
Led by Mark Cheshire, the former CEO of Lloyds TSB Private Banking, Ashcourt Rowan will service its national client-base through two trading divisions - Ashcourt Rowan Asset Management and Ashcourt Rowan Financial Planning.
Mr Cheshire said: "We are delighted to have now successfully brought these businesses together.
"Through the creation of a powerful new operational platform, we now have the opportunity to capitalise on Ashcourt's and Rowan's

[jonnyfro] 10/1/2010 09:46

A piece from the FT last week - dont know if it got picked up

Syndicate AM launches merged Ashcourt Rowan
Story by: Rob Langston Magazine: FTAdviser Published Monday , January 04, 2010
Syndicate Asset Management has formally launched newly merged wealth management business Ashcourt Rowan.

Advertising

The new firm came about as a a merger of Syndicate's three advisory subsidiaries Ashcourt Asset Management, Ashcourt Financial Planning and Rowan & Company Capital Management.

Ashcourt Rowan has total investments of more than £2bn and 20,000 clients across the country.

It will be led by Mark Cheshire, former chief executive of Lloyds TSB Private Banking.

Mr Cheshire said: "Through the creation of a powerful new operational platform, we now have the opportunity to capitalise on Ashcourt's and Rowan's established reputations for exceptional client service and sound investment performance at the national level.

"Furthermore, it will allow us to widen the awareness for our services without compromising quality.

"Through its financial planning and asset management divisions, Ashcourt Rowan will continue advising clients on all financial matters including retirement planning, inheritance tax planning, trusts and school fees planning, and have at its core, discretionary fund management.

"Ashcourt Rowan will also continue to offer its successful discretionary fund management to third party IFAs."

[alistair4444] 09/1/2010 14:19

Jonnyfro -- I agree with your quote here -- " What suprises me is that the limited drift we have seen since the news on the placement and the lowest price the share has been since the shares hit the market on the 30th October was ~1.9p which leads me to think that the placing shares that are being sold into the market for a nice profit are being mopped up "

[jonnyfro] 09/1/2010 12:41

Significant Shareholders Information
Shareholder Name Amount % Holding
Gartmore Investment Ltd 340,092,882 18.85
ACP Octagon 229,327,641 12.71
State Street Nominees Ltd 164,351,613 9.11
Octopus Investments Limited 109,890,809 6.06
Legal & General Group PLC 84,065,715 4.66
Artemis Investment Management 58,536,373 3.24
David Charles Pinckney 1,300,000 0.20
Jonathan David Freema 1,200,000 0.19
Peter Dew 200,000 0.03

Total 988,965,033 55.05

Shares in circulation 1,804,015,296

% Freefloat = 45% or 815,050,263 (some instis may have sub 3% holdiong)

27.5M traded yesterday or 3.4% freefloat presuming no change in Major shareholders.

What suprises me is that the limited drift we have seen since the news on the placement and the lowest price the share has been since the shares hit the market on the 30th October was ~1.9p which leads me to think that the placing shares that are being sold into the market for a nice profit are being mopped up..

Below are the holding RNS' since the placement..

Notification Date Company % No Shares Direct/indirect holding
03/11/2009 L&G 4.23 74545715 Direct
03/11/2009 L&G 9.55 172256840 Indirect
04/11/2009 Octopus 6.09 109890089
05/11/2009 Gartmore 18.85 340092882
05/11/2009 L&G 4.66 84065715 Direct
05/11/2009 L&G 10.86 196056840 Indirect
25/11/2009 ACP Octagon 12.71 229327641

Initially I thought that Octopus and ACP Octagon are one of the same but a bit of research shows that they are completely different ( and ACP Octagon being a subsidiary of ACP capital) and they obviously recognise the value of investing in SAM hence the notification of major interest in shares RNS on the 25/11 either they took place in the placing or missed out and mopped up those shares since..

NAI