Syndicate Asset Management Share Discussion Threads

[maxmarilli] 19/8/2010 10:51

.and we turn blue....with the first sign of buys....like we did just few mins ago...

[maxmarilli] 19/8/2010 10:48

Guys think about why after such a good trading update and results the price has been going down ,ever since?Usually if a stock goes down on good results it means 2 things:1-mms are accumulating big,ahead of a re-trace and will try to scare people into selling 2-bids are prepared both of them will create a higher share price so i`m in and accumulating asap.dyor,max.

[maxmarilli] 19/8/2010 10:06

by the way,where`s TARA?a bit of a debacle on the 2.6p buy advise....

[maxmarilli] 19/8/2010 10:01

610k of buys on plus....

[wskill] 19/8/2010 08:22

For the share price to continue falling as it has someone is dumping and they do not seem to be bothered at what price.I am sure when this seller clears SAM will recover but where will the bottom be we are having lower lows each day.

[nod] 19/8/2010 08:14

Significant Shareholders Information

Shareholder Name Amount % Holding
Gartmore Investment Ltd 340,092,882 18.85
La Galera Corporation 233,971,833 12.97
ACP Octagon Ltd 229,327,641 12.71
Al Bateen Investment Co LLC 164,491,613 9.12
Octopus Investments Limited 109,890,089 6.09
Cygnet Capital LLC 72,568,924 4.02
Artemis Investment Management 58,536,373 3.24

[nod] 19/8/2010 08:12

There are a few problems for SAM:

1. It's a bunch of acquired fund managers still trading under at least four different brands with overheads for each

2. Revenues still declining while cost of sales rising + admin costs rising = greater losses

3. Complete overhaul of executives: new chairman, CEO and CFO appointed

4. Major shareholders appeared to be aware of the internal problems at SAM and bailed out but the problems were never disclosed to the public

5. Institutional investors have been leaving SAM - down from 48% of FUM to 37% of FUM in March 2010 (lower margin but lower admin costs)

6. SAM has diluted shareholders. Raised £20m at 1.5p yet now only worth 22m. Still loss making. Will they have to raise more.

[maxmarilli] 19/8/2010 07:33

posted on III last night: Author VotesAll1+2+3+4+5+10+20+
Wed 16:47 share price based upon £5.8 billion FUM stigoid





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I made this calculation back in 2009 based upon an article in London Evening Standard by Anthony Hilton.

He was writing about Gartmore's potential public flotation. He says you can value a fund manager at 1% - 5% of the value of the funds being managed. 1% for boring old pension funds in bad times - 5% for higher earning hedge funds in good times. (For Gartmore he used 2%.)

Applying this to SAM using figures of GBP5.8 billion of managed funds and 1812615296 shares and taking Mr Hiltons worst case of 1%...

(5800000000 /100) / 1812615296 = £0.032 or 3.2p

I don't know whether 1% should be applied to SAM or not (comments welcome) but I thought it a useful calculation to share with the bb.

I strongly believe that drop in share price (small volumes) is more a lack of upward momentum and that is due to static FUM of 5.8 billion. Once this number starts to rise (as it should now company is focussing on growth) share price should follow.

I am no expert. This is IMHO. Pls DYOR. I may be back in August 2011 reposting this - I hope not!

[nod] 18/8/2010 22:45

I was listening to an analyst the other day and she said investors had been moving out of equities and into bonds as long-term investments. This has not had much of an impact on the bond market because it is huge but was having an impact on equities because markets are thin.

I guess this trend is not good for the fund managers.

[romust] 18/8/2010 14:56

Is it Gartmore dumping?

I telephoned the company several weeks ago and although there were reassurances that nothing was amiss, they did think there was a seller.
They were also under the impression that it was not a large holder, nevertheless I sold out.

[maxmarilli] 18/8/2010 14:06

some volume ,today....i bought 325k at 1.274

[jonno1] 13/8/2010 11:59

would you Adam and Eve it? a rise

[moormoney] 13/8/2010 10:32

still in turnaround mode imo patience needed and hope!!

[jonno1] 13/8/2010 06:48

not one of my better buys !!!, is this finished??? I thought it was due a recovery, am I wrong?

[nod] 12/8/2010 22:09

I think SAM is at an all time low. Market cap of 25 million may still be too high given its troubles and recent losses.

[jonno1] 24/7/2010 14:11

more posts this week than the last three months must mean a smattering of interest perhaps

[moormoney] 24/7/2010 13:09

I agree the Buffet approach needed here-next set of figures may get more interest.

[romust] 24/7/2010 13:03

Thanks Loverat.

[loverat] 24/7/2010 12:21

romust

Good luck - I agree for the long terms this might be rewarding. Just a comment for anyone (and there were a few individuals who expressed that this may be profitable short term stock) that this is not likely to rise until more good news hits the market.

[romust] 24/7/2010 11:49

Loverat,

I bought for mid to long term.

When you were buying at these levels you also have to consider that the company was in the doldrums and unloved by the market,since then they have raised funds, paid off debts, restructured the company and turned a profit with a confident future financial outlook to boot.

I think you are right in the fact that it may take a while for any major changes in the share price but at these prices I feel it may well be worth it.

[loverat] 24/7/2010 11:34

I think a very important point to consider is that the market Cap is 30 million.

I was buying at these levels a year back but when it was just 3 million. In my view, it will take a long while for the share price to recover. That is despite the apparent change around in fortunes.

[romust] 24/7/2010 11:24

Good to see you've took time out to research the company and relay that in depth, concise and analytic view point.

[johndee] 24/7/2010 10:39

SP is priced to go bust.................wonder why I bought...............

[farnham] 23/7/2010 09:36

profit and expansion,always nice terms in a report.
Can't see share price hanging around these levels.
No money to be made on AIM chopping and changing imo....pick a winner and wait for profile to be raised.

[moormoney] 22/7/2010 19:31

I have held blinkx since it floated only to watch it sink into the depths. I added and then it finally started to rise. I only wish today that I had kept all the nice size holding I had last year. If the co is ok it comes good in the end!