ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

AMY A £5m shell with Bobby the Bull in for free

Share On Facebook
share on Linkedin
Print

A tip from OMG! – a premium blog newsletter  on advfn

Opportunity 4 Massive Gains! OMG !

 

Armour (LSE: AMR)

4.5p (4.25p-4.75p)

Mkt Cap £4.26m

Next Results Finals December

Shells are created when the original business plan is no longer supported.  Armour, a mini-conglomerate decided that its rating and prospects were so low that the Chairman, a seasoned entrepreneur decided to sell off or close down the three/four unrelated businesses. The process has come to an end when the disposal of Armour Home and Armour Hong Kong was announced in August. Pro-forma the group will have no debt, a £1.0 million loan outstanding  paying 10% interest , and approximately £4.0 million of cash-so if we were generous that would give around £5m of assets which is more than the current price and  allows no value for the Aim Shell or the goodwill premium for  Bob Morton, the chairman.

An Aim listed vehicle is arguable worth up to £300k. Armour’s  so give and take a bit the market cap is around the current intrinsic value. Goodwill, like beauty it in the eye of beholder sometimes a shell can be worth many times its intrinsic value.

Bob Morton is  70 could have retired as his personal fortune is  around £200m and he is  on the Board of many companies eg. Port Communications and Servoca etc. Bob holds 31% of  AMR shares.   The very outline plan is to become an investing company, specialising in the technology sector, for which we can assume that some tax losses can be carried over.

Trading Strategy

The finals are to be announced in December which is likely to high-light the opportunity. There are, however 1,933 shareholders so there is a long list with few shares each which can depress a raising price. In the best theatrical tradition … break a leg!

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Comments are closed

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com