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AGP Asian Growth Properties

1.05
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Asian Growth Properties Investors - AGP

Asian Growth Properties Investors - AGP

Share Name Share Symbol Market Stock Type
Asian Growth Properties AGP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1.05 01:00:00
Open Price Low Price High Price Close Price Previous Close
1.05 1.05
more quote information »

Top Investor Posts

Top Posts
Posted at 25/1/2006 17:14 by sojourno
Looks like a fundraising of some sorts is quite likely. Obviously there's great potential in wider China than just HK (Dongtan eco-community/Shanghai?), and HK is slowing down. The more cash AGP has for expansion at it's disposal the better so I think I'm inclined to wait 'till plans are revealed. Property assets of £110m and cash of £46m, 217m shares 80% held by SEA and still buying makes the share price look cheap at 45p though. (However, that kind of discount was a continued bone of contention for the old TTG investors btw). Seeing as SEA clearly want as many as possible, that makes me think voting rights and therefore probably a share issue (the sooner the better!). In saying that though "The company expects to derive the majority of its revenues from the development and subsequent sale of developed property assets." implies any fundraising would be considerably less than £100m. There doesn't seem much point in trying to calculate anything more until we know how much cash is needed but another 100m shares issued would retain a majority for SEA but at 40p raise £40m and still give a NAV of 60p offering good value to PIs.
Don't go thinking I'm an expert on this btw!
Posted at 20/12/2005 00:02 by yuka
Yes I got that bit. Not sure how it fits into the bigger picture of "The Small Investor Can Win". Holdontight seems to think there is a much bigger problem on the ELA thread. I was hoping he would explain given that he seems to be kicking up a fuss.
Posted at 25/11/2005 21:08 by holdontight
I dont think many realise just how bad this potentially is for AIM and Stock Market in general. The lies, deceipt and corruption are rife and regulation is required that corrects injustices....LGB is a superb example, but they are not on their own. I tell you this, we can have war after war, terrorism, hurricans and political assasinations, but the market ultimately will take itself out.....unless it rids itself of being open to such corruption.

The private investor WILL ultimately bring this about...the question is when and how many more lives ruined in the mean time.

This thread or sth similar needs be top of ADVFN all day every day for anyone to even start taking notice. Costly law suits are one thing, but exposure costs the perpetrators more and PI nothing.
Posted at 04/11/2005 08:15 by ianwc
I don't think this is the right kind of forum to be encouraging.

Vast majority of investors using this site don't really understand what constitutes a serious breach of directors duties. the amount of times i have seen investor(s) harping on about a company complaining they were duped when the only person duped was themselves for not researching properly and not taking the much publicised advice to limit your exposure to penny stocks.

Personally, I would far rather see investors making more of an effort to understand what they are invested in, building up strong networks in the investment community, and most of all, really making an effort to meet the management of companies they are interested in.

Sure there are some companies that need to be brought to the attention of the FSA, but they are far fewer than most bulletin boards suggest. The more shareholder action groups there are roaming around harrasing companies, the less those same companies will want any contact with any retail investment. That would be a mistake and bad news for all investors.

imo. dyor.
Posted at 04/11/2005 00:10 by andy
holdontight,

An excellent idea for a thread IMO.

As others have already pointed out, there have to be some parameters.

A stock held for some years, where directors had been re-elected would probably not qualify, whereas a small company that had made promises it had not kept within a short timeframe, say a year, or two, WOULD qualify I feel.

I have felt for some time that private investors should group together to have a voice that can, and is, heard.
Posted at 03/11/2005 23:19 by holdontight
I have recently responded to an LGB action group thread and this is what got me started on this subject. What is clear to me is that the issue is NOT limited to LGB.....it is industry-wide.

Now, how many of you are in industry sectors where the following, as initial examples of standards, apply?...

- Always under promise/over deliver
- Always say what you KNOW rather than GUESS what you dont
- A repeat customer is worth more than a first time one
- Don't state your opinion as fact
- Don't tell lies or mislead

Just 5 basics to start with...feel free to add as required!

However, I do believe that a change to this contrived and ultimately damned industry can be achieved.....by the required level of corrective Action Groups whose members are prepared to invest and stand up and be counted.

If you have invested your hard earned money in the UK stock market on the basis of (potential) lies, ambiguous statements, unfulfilled promises and statements of intent, falsified accounts and financial outlook statements etc then you absolutely have reason to complain! This thread is there to provide a "once and for all medium" for this to take place and the contents will, as a minimum, be forwarded to the FSA quarterly. If the response received is sufficient, in terms of both quality and quantity, then I also hope to extend to law firms for guidance as a minimum.


However, the ultimate objective is even more proactive....to collectively challenge, ethically and legally, those CEO's, CFO's, Nominated Advisors and Market Makers who seem only to exist in support of such. This may/will require financial as well as written/vocal support!!

I will develop the thread and the introductory comments as time goes...!

The small investor CAN win ........ if the small investor WANTS TO ENOUGH!!
Posted at 15/6/2004 11:24 by cat
AGP - good comment from Holway - a stock that was once worth £480 per share, has created a fantastic consolidation pattern this past 12m. As these results sink in it is quite possible that AGP will break upwards dramatically very soon.


Holway:

"10:45 AIT - return to the good times

AIT Group, after a couple of rather turbulent years, has announced its preliminary results for 2004 showing a welcome return to growth and profitability. Turnover increased 11.7% to £19.6m (£17.6m) and software revenues (licence and maintenance) increased even more sharply - up 31% to £11m, making it now 56% of turnover. Operating profit was £1.3m, up from a loss of £15.3m in 2003. Net profit was £2.96m, after a net loss of £38.9m in 2003.

Comment: It seems AIT's annus horribilis is now behind it. To recap, AIT announced "a satisfactory end" to 2002 at the beginning of May 02 and then at the end of the month issued a shocker of a profits warning. The directors had to make a loan of £700K to the company in order to meet "certain immediate payment obligations" (payroll) and the shares went into freefall. Founder and former Chairman, Richard Hicks, returned to the helm with the objective of turning around the company's fortunes. As the necessary turnaround now looks on track, Hicks announced today that he now feels able to return to a non-executive role.

The problems were principally caused by AIT's acquisition of US call-centre software company IMA - a question of timing as much as anything, as IMA's EDGE product was well-regarded and remains a part of AIT's portfolio. AIT retains its presence in the USA and north American sales (by destination) were up 24% to £3.4m - particularly good taking account of the dollar's decline. Growth in Europe (including the UK) was up 15% to £15.4m, though sales in other regions almost halved to £0.8m. As well as retaining its position in financial services - retaining and growing its flagship customer, Nationwide Building Society - the company has shown traction in sales into the public sector, e.g. with a win at Europe's largest police force. It is looking particularly to its partnership with Unisys to help in public sector sales.

The company improved its cash/debt position during the year by issuing loan notes and placing additional shares worth £2.74m with institutional investors in Jan. 04 - a sign that the City has confidence that AIT is back on track."
Posted at 02/1/2004 17:22 by scrutable
blib_S:
you are a jewel. Thanks for leading me to VTB which I am now writing up. When I have it ready I will post a bit on ADVFN -VTB. This does look like a future star caught soon after incandescence. You will be able to see my overview of it on
which is a free guide by investors for investors.

There you will find a few others like it or possibly even better eg BPRG which is my out-performer for 2004.

I was sufficiently impressed by the Barcelona story to buy today, so thank you again.
Posted at 21/9/2003 01:03 by techtrend
On the other hand.... if no-one had come along to refinance the comnpany there would be 200+ more people without a job and investors would have got nothing! I agree that the dilution in the last fund raising was greather than seemed necessary to raise an additonal £5 million but if the company is now profitable with only one additional licence sale (the Met contract) it is fairly clear that a small number of additional licence sales (pref through partners) would make a huge difference to end of year profits (thus p/e thus shareprice). It would also be fair to point out that the last £5 million was raised befoe tech stocks in general picked up and that had it been done 3 months later directors may have chosen a different route that caused less dilution... Another 3-6 months should be all we need to judge this without doubt...
Posted at 25/8/2003 00:11 by potentials
no doubt the share options were put in place so that management could take advantage of the low share price at the time of release of interims - a cheek i know but at least they had initially come in at 85p in the nov 02 rescue package so i for one am not too bitter.

at the time had they suggested that this funding come by way of rights issue it is likely that the share price may have dived from its level of 27p on that date to next to nothing as shareholders/investors would have taken it as a sign of ongoing problems plus the failure of shareholders to participate in the nov 02 rescue package.

the additional funding was therefore acceptable at the time in my view as a shareholder and the increase in price in my view took that into account and the issue of these 20m shares now with an option price of 25p does not change anything as the rise from 27p to date took place in knowledge that this was about to happen - perhaps some private investors that jumped on the gavy train with little research did not realise but the true drivers of the price in the longer term (institutions) would no doubt have known and taken this into account in their research.

i think that the eps provided to date will have to be adjusted to take the extra 20m after the egm but same comments as above apply here - the real gains will come in at stage 3.

the apparent high price of this stock is in my view justified - excellent product/wide geographical reach of company/ at stage 2 of turnaround plan with final stage 3 perhaps just 1-2 years away ie growth phase/global network of partners that will be used to promote the product.

far from being a concept stock which in many cases have sky high valuations (i could name some but will refrain as i hold some such stocks) AGP has real possibilities which are no longer than 1 - 3 years off and in such a case a higher share price is well warranted IMHO.

obviously there are risks - dependent on 1 main product/stage 3 may necessitate further funding-dilution/over 50% of company will be owned by a group of shareholders etc but again nothing has change since june 03 on this.

the recent fall in price is a concern but has happened on relatively small volumes - the real drivers on price will the the institutions which will but for the longer term once they decide to do so - the initial rise to date i think was driven by institutional buying some of which was existing holders increasing their stakes - this seems to have dried up for the moment so the move down may be mainly led by private investors getting bored/worried and realising profits before the price goes down further.

i think that this may well continue for the short term or until more institutions come on board (if at all) - the fact that AGP does not seem to be very forthcoming with news etc means that it is likely to be below the radar of potential stocks being kept under review by potential investors but if as promised in its results release AGP updates the market more frequently on progress being made then this may change if such news is good.

so i am happy for the resolutions to be passed at the egm and i think that there is a danger that the share price may well drift further in the period to at least nov 03 when interims are released and mayby beyond until we enter stage 3 (growth stage) but i have decided to stick with it at least in the circumstances as they stand at present.

note that i am a shareholder as my views above would indicate and i appreciate a non-shareholder at this present time may well have a different view.

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