AMA AMARA MINING

Trades on a forward P/E of just over
8.5 to 2013 ...Derd cheap imo.

Amara Mining PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

GMP Securities
01-10-12 BUY 1.80 7.76
Edison Investment Research
28-09-12 None 10.95 2.97 38.92 14.47
Westhouse Securities
13-09-12 SBUY 10.00 2.40 13.70 4.50
Seymour Pierce
03-09-12 BUY 9.07 2.64 25.25 7.56
W H Ireland Ltd
28-08-12 BUY 13.76 8.76 21.34 10.33

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 10.91 3.62 24.88 8.90
1 Month Change -1.29 -0.48 1.37 0.32
3 Month Change -2.37 -0.03 24.88 0.26


GROWTH
2011 (A) 2012 (E) 2013 (E)
Norm. EPS % -39.36% 146.20%
DPS % % %

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £22.95m £21.77m £33.70m
EBIT £13.32m £8.94m £25.12m
Dividend Yield % % %
Dividend Cover x x x
PER 12.75x 21.02x 8.54x
PEG f -0.53f 0.06f
Net Asset Value PS 18.76p p p

I also own AMA.

Looks like a Boost for shareholders ( 29 Feb 2016 )- DYOR----to join a bigger business - perhaps this is what AMA needed - it looks like a Done Deal, - so we shall have to wait and see . . . .

Any contrarian Views...?

Now merged with Australian PERSEUS based in Melbourne.
Any views here?
Amara [AMA] will disappear from this site . . . but shouldn't still we have a platform (here), to discuss our investment?
Can't say I'm very impressed with AMA Execs, who failed to get anything of value for shareholders..... which led to a funding issue and this Merger.

EDIT ( 20Oct2016) - could MoneyAM please put Perseus into the searchable words listing? Just rec'd a voting form and couldn't (yeh Already!) remember this had been Amara Gold, which was Cluff Gold originally.
At the time of the t/o it was suggested this AIM ( really?) listed co - was also listed in Toronto ( and probably Australia, why not?).....might list on AIM in London . . . but since they don't appear in the UK Press, it's difficult to know their plans. Reading some alternative source, it seems P has interests mainly in Africs - prob Amara's but little else. . . . anyone really know?