drbubb Posted March 17, 2008 Report Share Posted March 17, 2008 Ambrian Capital (AMBR.L) Once seen as a proxy for Juniors ====================== It may not be so true anymore- they have spun off about 50% of Golden Prospect Metals (GPM.L), with their holdings of juniors... However, AMBR.L is looking cheap ... Weekly update = = SHAREHOLDERS - when they had xx.xx million shares O/S On 2 October 2007 Global Resources Investments Limited have increased their interest to 15,359,908 shares representing 13.83% of the total voting rights from a previous amount of 13,886,101 shares representing 12.82%. on the 29th November, Artemis Investment Management Limited and certain of its investment clients now have a direct interest in 7,241,445 ordinary shares in the Company representing 6.5% Appleby Trust (Jersey) Limited as Trustee of the Ambrian Capital Employee Benefit Trust informing the Company that following a transactions on the 10th & 12th November 2007, its direct interest in the ordinary 10p shares in the Company has risen above 9%. It now has a direct interest in 11,092,043 ordinary shares in the Company representing 9.99% Here's a dated comment from the Advfn board: Ambrian* shares are up today on news that the employee benefit trust has been buying more stock. That should be a clear signal. But they still trade at just 45.75p and I know some of you are panicking. An email yesterday warned me that " a profits warning MUST be on the way." The punter noted that I must be the only man in London who cannot see this coming. Another reader tells me that Ambrian has been a heavy seller of shares in Uruguay Minerals over the past few weeks. Since - this reader argues - Uruguay shares are dirt cheap, these means Ambrian is desperate for cash. Ambrian CEO Tom Gaffney was on holiday until today so I could not speak to him. My updates should be based on fact not rumour so I waited. I spoke to Tom today. Firstly, Ambrian sold its last shares in Uruguay almost a year ago. If it is selling lots of shares now it is on behalf of a client. That, I'd suggest is rather good news for its broking arm. So that story is cobblers. Secondly Ambrian had cash of £20 million at the half year. It has since sold £4 million of Jubilee Platinum shares - it was heavily overweight in the stock - and it is trading profitably. So by my estimates it is not exactly down to its last penny. (note is from 12.dec.2007): http://www.advfn.com/cmn/fbb/thread.php3?id=13140513 == CHANGES - Transfers to GPM.L Principal Investment Portfolio as at 30 June 2006 Company Market Value £m 1. Jubilee Platinum 6.81 ( 2 million shares transferred to GPM approx £1.2M???) 2. Angelsey Mining 2.24 3. Nido Petroleum 2.06 4. Samson Oil & Gas 1.97 5. Centamin Egypt 1.74(transferred to GPM) 6. Exall Resources 1.67 (name changed to Golden Eagle mines, post merger with Southern Star) 7. Nautical Petroleum 1.42 8. Horizon Oil 1.41 9. Urugway Minerals 1.24(transferred to GPM) 10. Mano River Resources 1.19(transferred to GPM) Total Top 10 Holdings 21.75 Link to comment Share on other sites More sharing options...
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