Advanced Oncotherapy Share Discussion Threads

[twirl] 17/8/2016 13:33

neighbours use any remote argument possible to avoid any development they think would affect the value of their home. Thats why the govt introduced nimby laws.

The Council has to weigh 20 votes or so from the locals against the bad publicity such as "Westminster denies Children cancer cure" or "Council overules residents for Children cancer unit". If it decided to support the application it would normally refer to expert reports on the permanent issues raised by residents such as radiation - we know this can easily be defended by walden.

Temporary inconvenience issues rarely stop a planning application - normally modifications to the construction management proposals are made to demonstrate that the Council has listened tyo the residents.

Well Igbert what would you do?

Igbert -What do you think the substantive issue is with AVO.

[daijavu] 17/8/2016 13:32

Iggy.

You make it sound like some kind of nuclear bomb rather than a variation on an X ray machine.

Would you object if it was a photon system rather than a proton system?

[igbertsponk] 17/8/2016 12:54

Scaremongering ?? If the company and the property owners don't engage with the local residents then they can hardly moan if they object to some new and untried nuclear facility dug under their mews !

[daijavu] 17/8/2016 12:35

par555.

The point about the AVO LIGHT system is that it is very different from the traditional proton therapy systems that are being installed elsewhere. According to the information provided by the company, it does not emit radiation into its surroundings so it is safe to use in the Harley Street location with minimal shielding. It means that less construction work is required and the project can be completed far faster with far less disruption than, say, the UCLH installation which is of the older type that does emit radiation into its surroundings so requires bulky shielding and far more construction work over a much longer timescale.

I recommend that you visit the AVO website, read everything thoroughly and address any questions you have to the management.

It would be sad if scaremongering delays the project because so many lives throughout the world depend on its success.

[par555] 17/8/2016 11:38

daijavu,

Seems to me that 'uniformed scaremongering' has successfully delayed the development of shale gas exploration in the UK so why would it not have the same affect on this project ?

[daijavu] 15/8/2016 18:22

The whole purpose of AVO is to produce and sell LIGHT. The first LIGHT system is on track to be ready by the end of the year. If, for some reason, Harley Street becomes unavailable, I think that an alternative site would be found, although that would obviously cause delays and problems for AVO.

Let us hope that common sense prevails and Harley Street comes in and on time.

Apart from uninformed scaremongering, I can see no reason why it shouldn't.

[twirl] 15/8/2016 18:15

Cheers waterloo001

Igbert - I recall in Colditz..............

[llahrd] 15/8/2016 15:04

Forgive me if I'm mistaken but I read through the plans and seem to remember that the plan was to take the spoil out onto Harley Street not Devonshire Mews.

[daijavu] 15/8/2016 13:09

That didn't happen and I still can't open it although I can open the other comments on that page. No matter. I recall reading the comments previously and thinking that de Walden is likely to have a better idea what can be achieved than outside consultants. Don't forget that the de Waldon family has owned Harley Street for centuries and will know better than anyone how long it is likely to take to modify one of their properties.

[targatarga] 15/8/2016 11:14

Be easier if they'd brought an old nuclear shelter from the off!

[igbertsponk] 15/8/2016 11:01

I just clicked "Open" when asked to - their email to Council appears complete with all attachments.
If you trawl through the objections on that page and read the Comments page, it seems the residents are uniting to oppose the application. As mews houses in that area are worth several million a pop, safe to assume they'll not roll over easily.

[daijavu] 15/8/2016 10:30

Thanks,
What app did you use to open it?

[igbertsponk] 15/8/2016 09:35

Read all the recent letters and comments here. The residents have banded together and paid for consultants to issue a proper objection.
It's the "OBJECTION FROM ALISTAIR GRILLS ASSOCIATES (AGA) ON BEHALF OF RESIDENTS IN DEVONS"
Hopefully available on this link.

[daijavu] 15/8/2016 09:32

The link doesn't work.

Do you think that you could copy the relevant text to here?

[igbertsponk] 15/8/2016 08:39

I see these consultants think the Harley Street works will take three years.

[waterloo01] 15/8/2016 08:10

twirl, I always try and play it straight (even if I'm negative about something) and naturally it is my view re Harley Street, not the companies. Others will and should make up their own mind. If you are aware of some of the issues, it puts you in a better position to make any investment decisions.

In terms of complex building projects in that part of London (ie Harley St), have a look at some of the previous applications and how long it took to actually complete once they had approvals. They almost always run over, some significantly. I'd put this project at the top end of complex.

Quite right re the 15% of profit. I did include a direct quote from Hardman in my post, but you are right, it's 15% of the LTPC, but the point remains. Very nice return at shareholders expense.

I'll back off again until something of note happens. Best of luck.

[twirl] 15/8/2016 07:51

waterloo001>> You have a doubting stance on Harley St. This has been well established over several months.

To take any notice of your comments regarding the unlikelihood that Harley St will open by the end of 2017, I would have to set aside the:-

1 AVO track record of meeting deadlines,
2 reputation of the world renowned scientists who run AVO,
3 Metric,
4 major investors who support AVO,
5 De Walden Estates and
5 Hardman and CO.

So for now I will regard with great doubt the opinions expressed in your recent posts. However I remain open minded for anything constructive you may have to say to support your contention re Harley St or other AVO related matters.

[twirl] 15/8/2016 07:34

waterloo001>> Your second paragraph in your last post implies ambiguously that 15% of AVO profit overall would go to those guaranteeing £2.5m. Its only 15% of the AVO share ie half of LPTC profit.

As AVO main business once LIGHT has been tested will be the manufacture , sale and maintenance of LIGHT machines. The amount generated by LPTC will be a small proportion of the income from the main business.

I am sure you are aware of this - its just that you post may have been misread by BB readers - I am sure that was not your intention. LOL

[daijavu] 13/8/2016 18:46

I accept that Hardman&Co, like Beaufort, are paid by AVO to report on them so will undeniably put a favourable gloss on what is happening. As far as I can see, all the information is out in the open, including the matters that concern you. My interest is in whether or not LIGHT works and can be sold and generate an income for AVO that will push the share price up. I have no interest in AVO beyond that.

I am not that bothered about the time scale or the remuneration the BOD gets as long as it all eventually works out. If LIGHT does what is promised, it has the potential to sell extremely well globally for years. at least until something better comes along. That could be gene therapy. If that succeeds, proton therapy for cancer might become redundant but I think that is a good few years away and gene therapy is likely to benefit the rich in rich countries long before the rest of the world can do without proton therapy.

In short, I think that it would be nice if Harley Street works out on time but it won't be the end of the world or AVO if it runs late. There will still be a profit to be made from owning the shares for a while.

I really wouldn't get in a twist about it.

[daijavu] 13/8/2016 17:14

Waterloo01. You missed out the bit about everything being on schedule. The report states clearly that Harley Street is expected to be ready for the first patient towards the end of 2017. There is nothing in the report that indicates otherwise.

If AVO BOD are misleading us about what they are achieving they are either committing fraud or they are incompetent and, so are de Walden. Is that what you are suggesting?

As far as I can see, de Waldon is unlikely to associate themselves with a dodgy outfit and, likewise, many of the names involved with AVO. I cannot see them risking reputations that at least some of them have spent a lifetime building up.

[waterloo01] 13/8/2016 08:44

Planning hoped by end 2016 (if it hasn't happened by then it won't) but building/fit out will be 18 months + (IMO) so mid 2018 at best. Good to see they have a fall back option in Birmingham.

Didn't know this bit below re guarentees and fees. 15% of profit for 10 years once profitable!


Guarantees
Metric Capital also required £2.5m of guarantees from certain directors and
shareholders, together with various covenants relating to the delivery of various
components of the Harley Street project, in order to enter into the agreement:
► Michael Sinclair – Executive Chairman & CEO (6.3% shareholder)
► Michael Bradfield – NED (8.8% shareholder)
► Brahma AG (19.3% shareholder)
► Two other guarantors – undisclosed
As compensation for these guarantees, the guarantors have entered into a
Guarantee Fee Deed with AVO whereby they will each receive 3.0% (15% in total) of
the net profit of LPTC attributable to the company for a period of 10 years once
profitability has been achieved at LPTC (estimated fiscal 2018) and after all amounts
under the financing agreement with Metric Capital have been repaid.

[daijavu] 12/8/2016 20:35

A new Hardman & Co report on AVO out yesterday. Everything is on schedule and planning permission is expected by the end of 2016

hxxp://www.hardmanandco.com/docs/default-source/company-docs/advanced-oncotherapy-documents/11-08-16-delivering-on-plan