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CAP Clean Air

0.62
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Clean Air Investors - CAP

Clean Air Investors - CAP

Share Name Share Symbol Market Stock Type
Clean Air CAP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.62 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.62 0.62
more quote information »

Top Investor Posts

Top Posts
Posted at 10/9/2015 09:04 by anusol
07:12Monday 07 September 2015
0
HAVE YOUR SAY
Lancashire-based Clean Air Power has been bought as a going concern for £250,000 by Hardstaff Dual Fuel Technology Limited , a subsidiary of Vayon Holdings Limited.

The troubled Leyland firm – the global leader incompression-ignited natural gas systems and software for heavy duty vehicles – had been seeking a buyer for some time.

Clean Air, which counts Chelsea owner Roman Abramovich amongst its shareholders, said it intends to cancel its admission to trading on AIM.

Rodney Westhead, Chairman of Clean Air Power Limited, said: “As noted in previous trading updates, the fall in oil prices globally has had a drastic impact on sales in the US and Russia. This significant challenge to the business was compounded by our customer on the South East Asian program deciding in June this year to extend testing rather than to proceed directly to the full production program as anticipated.

“These circumstances created significant pressure on the Group’s cash flows.

The Board, supported by KPMG, has conducted an exhaustive strategic review, exploring a range of refinancing and restructuring options to maximise the value of the Group, but the response from potential investors and buyers was disappointing.

“The Group could not continue without financial support and, therefore, the Board is satisfied that this was the best course of action.”

Shane Hussain of the Vayon Group said in a message on the firm’s website: “We at Vayon are delighted with our new venture, and I look forward to meeting you over the coming weeks to further outline our investment plans for the integrated business.”
Posted at 12/8/2015 08:04 by norbus
This is a sleight of hands; The board has mismanaged, and just because they have a Bermuda holding co does not mean they can rip off investors

The SFO should look into this company if it does not attract an investor
Posted at 10/8/2015 12:40 by the stigologist
don't be so touchy sap

we go back such a long way

remember when i told you what a thick nut you were for holding COOL ? On the 'Intelligent Thread for COOL'



i think investors here deserve to know when they have been joined by a grade 1 muppet with no effing clue about stocks


sapper2476 17 Feb'13 - 15:33 - 54 of 469 0 0

I believe you are talking to a bitter and twisted few. This has fell a long way in a reasonably short space of time, so I am assuming that many are not holders or are sat on huge (percentage wise)paper losses. I like to monitor from a distance and will review my holding if we get to 10p+ and consider future news and any advantages to any JV's that might be forthcoming before deciding to sell.

sapper2476 20 Feb'13 - 07:45 - 72 of 469 0 0

Excellant roundup from Brewer and Investec. I expect this to start heading towards 7-8p region over next 4 weeks in anticipation of VNAMAG completion and potential non-core asset sales.. GLA

sapper2476 4 Mar'13 - 22:05 - 226 of 469 0 0

i will be buying more if it hits 3p...

sapper2476 7 Mar'13 - 22:09 - 267 of 469 0 0

It will begin trading with or without an RNS.
Posted at 05/8/2015 20:09 by downsize
PR2, you will remember this. Wasn't the placing Abramovic took up originally offering 5% of the company but due to other investors wanting to add his company only got 1.5% in the end?
Posted at 04/8/2015 15:04 by theklf
This was just 2 years ago. Abramovich can buy the whole Company for pocket change now.

Successful Placing to raise £5 million


Clean Air Power (AIM: CAP), the developer and global leader in Dual-Fuel engine management software for heavy duty vehicles, is pleased to announce the placing of 51,948,000 new Common Shares at a placing price of 9.625 pence per share to raise approximately £5 million before expenses (the "Placing").

The Company is particularly pleased that two new strategic investors took part in the Placing; Ervington Investments Ltd ("Ervington"), whose ultimate beneficial owner is Roman Abramovich, and Ms Zara Shvidler. Together, these two investors committed to subscribe, if necessary, for the entire Placing which contributed significantly to the successful fundraising. As a result of significant institutional interest, the subscriptions of each of Ervington and Ms Shvidler were scaled back and they will each have an interest in approximately 1.5 per cent. of the enlarged share capital of the Company.

The net proceeds of the Placing will be used to strengthen the Group's balance sheet ahead of future partnerships, to supplement working capital and to support marketing and sales activities in Russia and the US. Russia is an increasingly important market for Clean Air Power with demand for natural gas vehicles expected to grow significantly as major Russian gas companies plan to invest heavily in expanding the gas refueling network.

In the US, Clean Air Power recently announced an agreement with an international parcel delivery company to install and trial 10 of its trucks with the Group's US version of its Dual-Fuel system. Commercial production of a US Genesis-EDGE product is expected to start in early 2014.
Posted at 04/7/2015 13:22 by priceisright2
Overview on current thinking - Please DYOR.

- i fundamentally believe that this "financial stability" is more than just Money, we have seen consolidation and partnerships occurring throughout the NGV industry. I would not be surprised if this is what we are seeing here, a financial partnership with somebody, the likeliest i see is: Ricardo, Delphi, Bosch, Westport, Woodward, or major OEM. It's more than money which is required here, it's further credibility, a financial business partnership that can be part of the success of "MicroPilot is an industry game-changer" and ability to open doors quickly and increase resource.

- a small company with limited resource may need further credibility from a major player, but CAP up to now has done incredibly well and worked with the biggest OEM in the market.

- the NGV market is growing and has hit a tipping point back in 2014 - the time is now for major players to want to take a slice of the action - CAP needs to make sure they don't give away the company at such low Market Cap. The partnership will be a liberty of the OEM and all the other work going on in the background which other investors will not. They will have a better understanding of the true value of CAP. Major developments in China, Japan and America on C02 reductions all point to policies of LNG.

- KPMG pulled in as financial adviser "KPMG Corporate Finance has been appointed to assist the Board in its review of the Group's strategic options" - this phrasing is very deliberate "Group's strategic options" not "short term financial options". We know Jonathan Boyers has won "deal Maker" of the year and his work mainly includes M&A, Angle investors, MBO and other financial restructuring. Panmure Gordon was their financial advisers - this requires specific advice.

- A MBO would not be on the cards, managers have already invested too much into CAP, 11m share options (John owns 3.7m shares plus 5m options), salary sacrifices.

- Why announce a separate RNS 3 days later on KPMG - surely they knew it was KPMG on the 23rd June

- No major sell off's from Major shareholders (£20,£30k sell offs) but share price tanked on few thousand

- A fundamental question in this process is "how do we value CAP", could range from current Market cap £3m to £100m+ if they get their technology on multiple OEM lines. $90m already invested. No debt. Big TAX shield. Valuable patents. Industry game changer. More than a concept. over Billion mile in use. currently working with Major global truck manufacturer in South east Asia and other markets. sights on second OEM for micro-pilot - probably America. exposure on multiple markets. only real dedicated dual fuel company.

- Market does not know who the South East Asia partner is. Ricardo will. that is extremely price sensitive information, and has been deliberately kept from the market.

- "The extension, which is being finalised" - should be additional money if task are outside the original scope. Management was very confident of progressing to stage 2.

- this is the next biggest strategic move in cap's story - it needs to be the right one. this is not simply a fundraising issue. They are finally going to choose who they want to get into bed with. Not simply a paper recognition or a friendly hand shake but going into financial partnership, sharing the risk, money where your mouth is business.

- too many opportunities with Volvo in Russia - Gazprom - be nice to see Abramovich join the party.
Posted at 24/6/2015 08:53 by priceisright2
Joe, I can't see a MBO personally - look at the wording "more comprehensive review of the Group's short-term options" short term not long term - BOD have 11m share options in the company they have brought in at every opportunity plus "salary sacrifices" and have already lost a lot of money with forfeiting shares and they wouldn't put "potential to deliver significant value" if they were plotting to buy the company- they have a lot of money at stake themselves - back in summer they only did a 1m fund raise, as they don't want to give away the company at 4p.

I have seen investors, invest in a idea brewed up in a pub and a hole in the ground - cap is not one of these types of companies - focus on the opportunities and potential that's what the major investors are focusing on and that's why your not seeing big £20k,30k sell off's - investors have already given $90m and major shareholders will not want to see their investment go down the pan over a few £m more to get this over the line.

funding was always required even if they announced phase two, just would have been nice to use phase 2 as leverage for a better deal. But it's only a delay, which is highly likely with OEM - still showing commitment, with the engine and they may get paid for the next 4-6 months if the work is outside the original scope. Gas testing.... we have engines all over the world running..usa, Europe, Australia, Russia - but that was with dual fuel - maybe the gas makeup might be more sensitive in a micropilot engine - never read that as a major issue only that volvo and cap require natural gas to be over 80% methane (or something like that - for dual fuel)

We know they are hiring over in America - fact. we know they have component orders that push on into next year - surely they would have had to satisfy that customer, that they would still be around.

Russia does seem to be picking up - even with expression of interest from Russia is positive for loaning money - the company has no debt, and a massive tax shield.

they have secured financing for past 25 years, they are the closest they have been to securing something really serious - ngv is developing year on year.

ultimately you have to ask yourself the question do you think this company will succeed or fail - do you see this as a great buying opportunity or not.

personally i am scratching around behind the sofa to try and find some more money, but that's me i have spent 1000's hours researching and i know the value of the company - he who dares win's - i think the share price will continue to drift until more news is announced or funding has been sorted and investors can see the next 12-18months finances secured.

remember they could just issue a load of shares at 1.5p they have plenty they can issue - look at the AGM meeting - but they don't want to give the company away, take a small lump of debt on - but i think the problem is the % is too high for them to justify it - so i'm guessing they are bring in financial advisers to secure the best possible deal for shareholders.
Posted at 09/6/2015 16:26 by priceisright2
trying to give a little hope to Cap investors...

bish bash..... BOSCH

"The developed strategy was integrated to work in tandem with the company proprietary Diesel-only Mono-Fuel NOx reducing strategy. This enables both the strategies to work in a single Denoxtronic® ECU environment which can be used either for Mono-Fuel or Dual-Fuel™ engines."

"Dual-Fuel™ technology [10] enables a heavy-duty diesel engine to operate with diesel as a primary fuel along with a high proportion of natural gas."

"[10] Dual-FuelTM Technologies Combining Diesel and Natural Gas for Cost Efficiency, Clean Air Power Dual-FuelTM Technologies, Available online: hxxp://www.cleanairpower.com/duelfaq. php#does_the_Dual, Accessed on 15 July 2009

"CONCLUSION This paper presented the attempt made to develop and validate a control strategy based on SCR technology that is specifically designed for Dual-Fuel™ engine systems.....This strategy was integrated with the Bosch proprietary Diesel-only Mono-Fuel NOx reducing strategy. By doing so, it was ensured that both strategies work in tandem in a single Denoxtronic® ECU environment."

to read the full article

Clean air Power and Bosch have been working together.

also

Sura deep Mukherjee works for Bosch think this is him on linkedin:



hope that gives some hope to long term investors - internet is great, you just need the time to look.... ENJOY.
Posted at 04/6/2015 16:59 by priceisright2
LYNNFIELD, MA--(Marketwired - Jun 4, 2015) - American Power Group Corporation (OTCQB: APGI) today announced the completion of a private placement of approximately $2.5 million of Subordinated Contingent Convertible Promissory Notes ("Notes") with several existing shareholders and investors affiliated with members of its Board of Directors.
The unsecured Notes bear simple interest at the rate of 10% per annum and will become due and payable on November 30, 2015. The principal amount of the Notes, together with all accrued but unpaid interest thereon, will automatically be convertible into shares of Series C Convertible Preferred Stock at a conversion price of $10,000 per share, immediately upon the effectiveness of the filing of a Certificate of Designation of Preferences, Rights and Limitations of Series C Convertible Preferred Stock with the Secretary of State of Delaware. Each share of Series C Convertible Preferred Stock will be convertible to our common stock at a conversion price of $0.20 per share. Upon the conversion of the Notes into shares of Series C Preferred Stock, we will issue to each investor a five-year warrant to purchase a number of shares of common stock equal to the number of shares issuable upon conversion of the Series C Preferred Stock, exercisable at $0.20 per share. We have agreed, however, not to file the Certificate of Designation until certain conditions are met, the details of which and other details of the transaction will be set forth in a Current Report on Form 8-K, which we will file with the Securities and Exchange Commission today.
Chuck Coppa, American Power Group's CFO stated, "We cannot be more pleased with the fact that several large shareholders, including several investors affiliated with members of our Board of Directors, have invested an additional $2.5 million on top of their over $9 million investment to-date in APG. We believe it speaks volumes to the level of support and confidence these individuals have in APG, our management team and strategic business plan. This capital will allow us to complete the remaining key approvals needed in the United States, Canada, and Latin America, support our Fueled By Flare™ initiative in the Bakken of North Dakota as well as evaluate several new markets which we believe represent significant near term opportunities."
Posted at 16/1/2015 09:28 by priceisright2
RECENT MAJOR SHAREHOLDER TRANSACTIONS
Page 1 of 1
Date Holder +/- Amount Shares Held %
29/08/13 Joseph Henry and family - 800,000 10,452,500 4.55
29/08/13 Andrew Kevill + 0 0 0
28/08/13 Legal And General Group - 6,250,000 18,000,000 7.86
27/08/13 Octopus Investments - 16,800,000 26,114,680 11.4
30/06/13 David & Monique Newlands + 622,500 5,225,000 0
29/05/13 Fidelity International Limited + 0 0 0
29/05/13 David & Monique Newlands - 687,500 5,847,500 3.3027
07/05/13 David & Monique Newlands + 1,015,000 5,160,000 0
26/02/13 Joseph Henry and family - 2,000,000 9,652,500 5.4517
26/02/13 David & Monique Newlands - 0 6,175,000 3.4876
25/02/13 CSFB Strategic Partners Holdings II + 16,650,000 4,591,989 0
25/02/13 Andrew Kevill - 2,000,000 6,487,500 3.6641
12/02/13 CSFB Strategic Partners Holdings II + 850,000 21,241,989 11.9975
06/02/13 CSFB Strategic Partners Holdings II + 1,550,000 24,291,989 13.7201
31/12/12 Royal Bank of Canada + 0 5,980,743 3.38
31/12/12 Enertech Capital Partners + 0 7,387,546 4.17
31/12/12 Joseph Henry and family + 0 7,652,500 4.32
31/12/12 Emerson Family + 0 7,736,693 4.37
31/12/12 Hargreave Hale + 0 8,000,000 4.52
31/12/12 Legal And General Group + 0 11,750,000 6.64
31/12/12 Fidelity International Limited + 0 12,316,749 6.96
31/12/12 CSFB Strategic Partners Holdings II + 0 25,841,989 14.6
06/10/10 CSFB Strategic Partners Holdings II - 6,732,557 28,436,615 35.23
29/09/10 Fidelity International Limited - 1,800,000 6,376,659 8.62
29/09/10 AXA Investment Managers + 150,000 5,791,991 7.83
29/09/10 Henderson Global Investors - 2,927,810 6,541,572 8.84
29/09/10 Swisscanto Holding + 0 0 0
29/09/10 CSFB Strategic Partners Holdings II - 0 21,704,058 29.34
29/09/10 Ardsley Partners - 2,597,403 2,597,403 3.51
29/09/10 Emerson Family - 4,000,000 5,436,693 7.35
29/09/10 Royal Bank Of Canada - 1,534,024 5,501,483 7.44
01/04/10 John Pettitt - 85,552 740,705 0
18/03/10 CSFB Strategic Partners Holdings II + 224,088 25,036,615 39.43
27/01/10 Henderson Global Investors + 797,450 3,613,762 6.47
08/12/09 Endeavor Capital Management + 0 0 0
08/12/09 CSFB Strategic Partners Holdings II - 0 25,260,703 39.78
26/08/09 Henderson Global Investors - 1,138,087 4,411,212 7.91
20/05/09 AXA Investment Managers - 0 5,941,991 10.76
14/05/09 UBS + 0 0 0
14/05/09 Fidelity International Limited - 4,576,659 4,576,659 8.28
14/05/09 Henderson Global Investors - 755,149 3,273,125 5.93
14/05/09 Endeavor Capital Management - 0 19,603,700 35.5
10/10/08 UBS + 0 2,225,000 5.79
10/10/08 Henderson Global Investors - 37,628 2,506,420 6.52
14/04/08 Henderson Global Investors + 0 2,468,792 7.57
09/05/07 Swisscanto Holding + 0 2,035,000 7.56
02/04/07 John Pettitt - 25,000 0 4.99

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