Yes welcome back izzy, it could be very good timing on your part.
As for QIC, I do not see his investment vehicle selling part of his holding. Remember, he bought at 50p (adjusted for the 100:1 consolidation). That said, at some point AMED are going to have to improve liquidity, as it is so difficult to accumulate on anything but down days. That of course is exactly what some of us have done.
AMED is massively undervalued, but that will change in due course. The key is to be holding in size when it does.
Welcome back izzy and I also feel we can expect positive developments during the coming months. AMED has all the ingredients to be a success. Liquid assets exceed the market cap with another 40p of assets per share in the investment in the yard. It has huge tax losses and it has the potential of the former Chairmans 61pc holding perhaps or part of up for grabs since he resigned. It's a must buy IMO
I must agree Izzy that there is a reluctance on AMEDS part to provide much newsflow notwithstanding they are an investment company. The important thing is the asset value and at the moment the investment in the yard and MGR are in addition to the MC v current assets. Take tax losses into account we have assets of about 65p
Hello izzy - At the half year we were told that the rig was being prepared to be delivered which is a little different to being prepared for delivery. So on that basis there is a customer. But in any event the value of the investment in the yard and MGR is not in the sp. Massively undervalued.
Hi BOWOOD, it's not just about Amed, there seems to be a lot of undervalued companies on Aim, who the big boys are just not interested in, you know I totally agree with you that Amed is under valued, there are orders for the shipyard, the Copper mine investment , money in the Rig, and of course the out standing loan they made,
As you so rightly say, one bit of positive news would without doubt push the share price Northward, the problem I see is No Buyer for the Rig yet, No new orders for the Shipyard, and no Copper coming from their other investment, the fact is there is no money coming in other than the interest on the Loan,
Amed needs news and quick, just something positive to woo investors.
I feel the market has overlooked AMED. Cash, loans to MRG and other cash receivables were well ahead of the £3.2m MC at the half way and completely ignores the $13m investment in the yard JV and the $500k copper mine investment. They have been very quiet but I suspect there could be some positive news at the finals to be announced later this month.
Still no news of the rig but interesting that the mc is equal to the cash and loans held on the Balance Sheet with the value of the rig in for nothing which is likely to be worth £Ms.
So still well undervalued despite no news from the company.
Cannot say I blame you issy as there appears to be a lack lustre effort from the company to keep the smaller shareholders in the picture. No doubt the larger holders are kept in the loop and there may well be something going on but they tend to ignor the small and loyal holders. Good luck and no doubt will catch up on another board.
Well Bowood, reluctantly I sold all my shares in Amed and took the loss, re investing the
proceeds in N4P , which has risen sharply over the past few weeks, and could be a multi, multi bagger, should there be some good news from Amed, then I will reconsider my options.
I feel what is crucial here is the complete disposal of the existing rig which will then free up cash for the JV. Then what to do? Sell the investment in the JV, take the cash and pursue other investments or stick with the yard. I am sure there are already plans known only to the BOD. Perhaps there is a major investment lined up or the coming together of AMED and another which needs the rig to be sorted. There are well heeled and influential investors at AMED and the listing with an MC of about £4m that is imo considerably undervalued. So with the position of the rig settled more investment will ensue and the sp should move substantially higher. Timing is the problem so one needs to add now.
if an acquisition is sealed, then I would expect QIC to maintain their 61% holding as they are invested @ 50p. All the top four shareholders, including Mena who bought in at 100p, are invested for the big ticket orders. I expect management to deliver in due course, but do not rule out a predator wanting to buy our yard. The pressure to complete scrubber re fits is going to be immense in 2018.
Time for pi's to buy/accumulate, as some have today.
Interesting to note also, that both LEG and AMED are up today. LEG own 192,307 shares in AMED. Any link I wonder re news pending?
Oh wise one, apologies for my post, I was being sarcastic with regards to the Rig, as it seems ages since it's completion, and months since we were told it was being prepared for delivery, and I just had visions of it sitting in a corner of the shipyard, alone and rotting,
Oh well bound to be news soon. and with it an abundance of happiness
Sorry BOWOOD, I don't call 44k shares a flurry of buying,
There has been no news releases since last September, a rig that is no doubt rusting in the shipyard, and if not sold soon will be broken up for scrap, no news on the copper investment , on how far it has progressed,
We know they have orders for two ships at the shipyard, and that the yard has been busy building containers, but nothing else.
As an investor, I feel that updates on progress of the company should be released at the very least every two months, or is that to much to ask,
I'm afraid so, been in PRS a few years now, and can't understand the pathetic share price, worth double todays price, but like Amed it just remains static,
I'll give it a few more months and if there is no progress I'll cut my loses and put the cash into Metal Tiger or N4p, trouble is PRS already has a holding in Metal Tiger, as well as Plutus and a number of other growth companies, so there is always the possibility PRS will come good one day, but like Amed it's not If, but when.
Not sure any of you guys took any notice, when I said take a look at N4 Pharma last month, when they were 10p, up to 15p this morning, with Viagra due to be sold over the counter this could be the share of 2018, so still worth a look.
Amedeo, well there seems to be a shortage of news, yes the price of Copper is rising, so that looks promising, and one of my other investments "Metal Tiger" also has investments in Copper, so that's looking promising.
With Amed, I just wish they would give us another update on what's happening with the Rig, ready in 2016, preparing it for delivery in 2017, and still, as far as we know, in the shipyard, I would imagine that's why there is a lack of interest in the shares, they may have cash in the bank, and good investments, but the company seems stagnant, I feel had the rig been delivered on completion, (in 2016) the share price would have been around the 20p - 25p share mark,
Certainly not a buy at present, but for those already invested a solid hold, well that's my opinion.
I am a little suprised that we have not had an update yet which could suggest that completion of the rig sale did not take place during the last financial year. Having said that AMED always appear reluctant to pump up the sp only announcing factual developments. With a small mc of £4m and well regarded investors there is still massive potential here and the lack of news puts it out of most PIs radar. Perhaps a Swan - grace on the surface for all to see but thrashing away under the water.
If form is consistent then we should see a pre close or rig update by the end of the year. The current share price continues to baffle me and is probably worth at least twice its price even without the rig being factored in.
I don't know if any of you guys took any notice, I suggested you take a look at N4Pharma a while back, (Up over 25%), as it really could be a multi bagger, only a small company that reformulates drugs, and has a few patents in the pipe line, including "Viagra" which is worth billions.
Really is worth a look, as like Amed, only just under 75 million shares, cash in the bank and a solid BOD,
Whilst it can be frustrating waiting for newsflow, our major shareholders are invested for the end game, which is why our company are looking for the big ticket items.
We have the yard and a huge JV partner. The sector is consolidating and the bigger players are going to get bigger. We are perfectly placed to be at the forefront of an industry that is developing its services, in order to meet new regulations.
As we await newsflow, I have been accumulating further and will continue to do so on weakness.
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