Share Name Share Symbol Market Type Share ISIN Share Description
Agcert Regs LSE:AGC London Ordinary Share IE00B0764647 ORD EUR0.0001(REGS)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.65p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 1.10

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Date Time Title Posts
14/11/200818:00THE GREAT AGCERT FIASCO:10
11/5/200816:12Agcert - **Attention children** This is carbon emissions trading603
03/12/200717:16Agcert with Charts268
12/7/200711:47AgCert - Carbon Trading Emissions & Greenhouse Gas179
09/1/200615:42Agricola resources Ofex502

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DateSubject
25/9/2016
09:20
Agcert Regs Daily Update: Agcert Regs is listed in the sector of the London Stock Exchange with ticker AGC. The last closing price for Agcert Regs was 0.65p.
Agcert Regs has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 168,889,964 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Agcert Regs is £1,097,784.77.
15/5/2008
13:31
fingolfin: Apologies - I posted the rns from 17th of jan 2007, I meant to post the following one instead Share price movement RNS Number:3777Q AgCert International PLC 30 January 2007 AgCert International Plc The Board of AgCert International Plc notes the movement in the company's share price today. The Board confirms that there is no operational reason to explain the share price movement and reaffirms its expectations contained in the trading update released on December 21 2006. For 2007 the company expects to see an incremental increase in the run-rate capacity of 5 million CERs. The forward run-rate at the end of 2007 will therefore be an annualised 8 million CERs. In 2008 the company intends to create a further 5 million CERs so that at the end of 2008 the company will have a productive forward run-rate of an annualised 13 million CERs. At the time of the trading update the company referred to an efficiency run rate of 50%. The implementation of new processes continues to positively impact output levels so that on a like-for-like basis operating levels are at 60% efficiency. The company will release full year figures for the year to end 31 December 2006 on 26 March 2007.
15/5/2008
11:23
fingolfin: I sympathise smcl. I also am a victim here who bought 10000 euros worth at 212p and another 4000 euros worth at 160p. I now have zilch BUT WHAT REALLY SICKENED ME ABOUT THIS COMPANY WAS THE FOLLOWING RNS IN JAN 2007 WHICH STATED THAT EVERYTHING WAS GOING ACCORDING TO PLAN AND THAT THERE WAS NO OPERATIONAL REASON FOR THE FALL IN SHARE PRICE. HOWEVER A MONTH LATER WE WERE TOLD THAT THEY HAD COMPLETELY CHANGED THEIR OPERATIONS (WHICH AS IT TRANSPIRED WERE DUE TO PROBLEMS WHICH THEY ALREADY KNEW ABOUT) HOWEVER THE FULL DETAILS OF THESE PROBLEMS WERE ONLY RELEASED TO SHAREHOLDERS IN APRIL (FINAL RESULTS see quote below) AFTER THE SHARE PRICE HAD BEEN DECIMATED IN OTHER WORDS THEY TOLD SHAREHOLDERS COMPLETE LIES. "2006 was a challenging year for AgCert. Operational and strategic accomplishments have been over-shadowed by the Company's shortfall in achieving its planned Offset production volumes. Consequently, AgCert has restructured and reduced its Offset delivery obligations, albeit at a significant cost, instituted a number of operational improvements, raised capital and embarked on several new strategies to secure Offsets in the future more efficiently and with less capital intensity." Production Update RNS Number:6483P AgCert International PLC 17 January 2007 AgCert International plc AgCert Issued 118,560 CERs The management of AgCert International plc ("AgCert") is pleased to confirm that 118, 560 Certified Emission Reductions ("CERs") have been approved and issued by the United Nations' appointed CDM Executive Board. This represents the first commercial quantity issued to AgCert. Bill Haskell, CEO AgCert, commented: "We are delighted to have achieved another of our strategic milestones, in the process adding further validation to our business model. We are confident that now that the procedures have been established, momentum will continue to pick-up through 2007 and beyond. We expect further CER issuances in due course." Company Update RNS Number:6639R AgCert International PLC 22 February 2007 AgCert International Plc Company Update The Board of AgCert announces that, having conducted an operational and financial review of its business, it is finalising a revised strategy that requires significantly less funding to meet our expectations for the delivery of CERs. It is anticipated that the more efficient strategy will require funding of between Euro40M to Euro50M. The Board will provide a further update when it announces results for the year ended 31 December 2006.
13/2/2008
18:14
briannewby: No - but the share price was around 70p or so i think? Do you know if an offer was actually made and refused? The RNS stated that Agcert were in "early stage negotiations" on the 9th March - and these were reported as terminated on 10th April. That timescale implies to me it might never have gone as far as a specific offer being made (even a low one)
13/2/2008
16:26
briannewby: I'd still like to know what went wrong with the negotiations for the extra up to 4.2M credits to meet the shortfall? The company statements on 29/07 were very bullish - and IMO would not have been put out unless the company were confident of successful closure with a third party. Also - the debt renegotiation: "AgCert has entered into an agreement that has the effect of increasing by US$7 million, and rescheduling its outstanding indebtedness with Laurus Master Fund, making the whole of the indebtedness convertible into equity at a premium to the current share price, extending the due date from May 2008 to half in March and half in May 2009, contingent upon shareholder approval, finalisation of the transaction with the Trading counterparty among other things." As the transaction with the trading counterparty was not finalised, does the due date still stand at May 2008? The interims show a half yearly loss of 13.4M Euro, and a cash balance of 27.7M Euro. Ok so the restructuring costs were yet to filter through, and this should reduce cash burn - but a worst case of annualising the loss leaves approx12M Euro end of Feb. My main concern is the uncertainty wrt the liabilities for 2008 delivery. The company is priced to go bust, and is not in a strong position re; negotiations to meet its obligations. I'd like to try and get my head around what we're looking at if it survives - dilution seems inevitable. Cheers, Brian
03/12/2007
12:39
charlie11908: This is what needs to be focussed on...... Just how bad is the news....can they save the day on this issue alone? I am re-readingit very carefully!!! Caveat Emptor!!! AgCert has entered into a heads of terms with a major European trading company (the "Trading Counterparty") under which the Trading Counterparty would assume up to 4.2 million tonnes of AgCert's customer delivery obligations through 2008, contingent upon, among other things, final documentation, Board and shareholder approval and finalisation of negotiations with customers. AgCert has entered into an agreement that has the effect of increasing by US$7 million, and rescheduling its outstanding indebtedness with Laurus Master Fund, making the whole of the indebtedness convertible into equity at a premium to the current share price, extending the due date from May 2008 to half in March and half in May 2009, contingent upon shareholder approval, finalisation of the transaction with the Trading counterparty among other things. If the proposed transaction with the Trading Counterparty is completed, AgCert will have the ability to satisfy its forward delivery obligations by re-balancing its delivery commitments and would expect to be long through 2012 and beyond * 100% of original 2007 deliveries would be covered * 86% of original 2008 deliveries would be covered with existing production and contracts, compared to 32% in May 2007 * 80% of 2009 would be covered with existing production and contracts
12/11/2007
17:21
utwiq: I suppose I'm breaking my own rule by posting here, but... (if I understand your post correctly) how do you make NAV three times MCap and cash twice MCap? That is not cash net of debt I presume as the company raised funds partly by way of what was then a dilutive share issue (and now looks wildly expensive!) and partly by way of expensive debt. If you're right and you are effectively buying discounted cash then fantastic. But I'd be surprised. I can understand you averaging down when it is 6p rather than 100p, but it's not a good plan in general in my view. That is, you should be buying more just because it's cheap and you want as much as you can get not because the price is now lower and you want to lower the price at which you can exit gracefully. That way is costly. Not sure I agree with your assumptions re failure to report material changes. First, and probably most importantly, the company was in pretty awful shape at the last reported results (in my view). The strategy had failed and they were flailing about for alternatives (consulting...). So the absence of news saying disaster has struck does not mean all is well. Second, these guys have form. Specifically, their business model had failed (per the Merril Lynch analyst, who did know his stuff) and they didn't tell the market. When finally pushed, by a rapid share price collapse (from 150p to 100p) they said, fear not there is no operational reason for the share price movement. Except there was. And then in the next results they pulled a blinder, announcing the abandonment of the previous direction and a new strategy. None of this is new to you I know. Indeed, you may have better information (re cash, debt, etc.). So it may be worth buying a stake at this depressed level. But apart from the cash shell possibilities, there have been no signs, in my view, that this company is worth owning. It looked like a failed business a ways back. The collapse from 45p (last results, when I sold) to 6.5p just seems to indicate that a lot of other investors agree. I'm sceptical of letting share price movements convince one of the value of an investment (the two are largely unrelated), but certainly here it indicats poor sentiment.
29/10/2007
15:09
utwiq: Well, I still haven't had an answer to anything I said earlier in the month. I said thid on 1 Oct: Explain to me please why this company is worth even £25m. I bought in at 100p and again at 80p before selling (in disgust and anger) at 45p after the results earlier in the year when, after explicitly saying that there was no operational reason for the fall from 160p (wrong, they were not getting the results needed and the business model was totally flawed), they came out and said "and now we shall totally change our approach and become consultants". Perhaps they have some marketable expertise in the sector. Perhaps. But they are virtually asset free and so I think it is no surprise that this is slumping towards zero. A pity (I didn't relish my 50% loss, but I'm very glad I took it!) as I'm quite keen on AGC's parent, XLT, but I'm waiting for the implosion here to lower the share price there. And I have to say that the woeful performance of this company does make me look less favourably on the XLT Group as a whole... And then on 2 Oct: charlie - I think you're right re XLT's continued support for AGC, they felt bound to support it (perhaps in part to ensure that the Tyratech float went ahead without AGC putting off investors?) but are keen to minimse continued involvement and exposure. Hence their own presentations predict only a modest contribution from AGC to overall NAV, and that may itself be an exaggeration. To be fair, however, the private group funding AGC and XLT do seem to be willing to take AGC stock (from XLT) as interest payment. So maybe they are a little keener on AGC's prospects than are we. Having said that, this may be the consequence of XLT having signed a shrewd agreement back when AGC looked good... I may be being much too harsh on managment (especially of XLT; that of AGC, well... I am still quite put out!). Sometimes business models fail, especially when you are applying new technology in the real world, with the overlay of a complicated and uncertain regulatory environment. I'd be interested to hear from any present holders of the stock to understand the present investing logic. Trading is a different matter. Maybe they will pull back from this. Certainly on MCap alone they are one of the cheaper carbon trading outfits. But then they don't have the assets (cash or carbon) that others have.
25/10/2007
12:54
charlie11908: At first sight I was a buyer on dips....now not quite so sure!!! Form interim results...... "AgCert has entered into a heads of terms with a major European trading company (the "Trading Counterparty") under which the Trading Counterparty would assume up to 4.2 million tonnes of AgCert's customer delivery obligations through 2008, contingent upon, among other things, final documentation, Board and shareholder approval and finalisation of negotiations with customers. AgCert has entered into an agreement that has the effect of increasing by US$7 million, and rescheduling its outstanding indebtedness with Laurus Master Fund, making the whole of the indebtedness convertible into equity at a premium to the current share price, extending the due date from May 2008 to half in March and half in May 2009, contingent upon shareholder approval, finalisation of the transaction with the Trading counterparty among other things. If the proposed transaction with the Trading Counterparty is completed....." Caveat Emptor!!!!
12/3/2007
17:30
asparks: 12.03.07 Shares in Agcert rise 40 per cent on possible takeover Shares In Agcert, a London-listed company that generates carbon credits by reducing greenhouse gas emissions at livestock farms, were trading around 40 per cent higher on Monday in response to a possible takeover of the company. Agcert is currently trading at 80p, up from 55.5p on Friday morning, with the gains coming on around midday on Friday amid market speculation that the company would be bought. This prompted Agcert to give notice that it was in talks with a potential buyer. The statement, which was released to the London Stock Exchange early on Friday afternoon, said: "The Board of Agcert notes the recent rise in the Company's share price and confirms that it is in early stage discussions with a party that may or may not lead to an offer being made for the entire issued share capital of Agcert." Agcert has refused to disclose the identity of the potential buyer but market speculation suggested that Ecosecurities, a London-listed developer of clean development mechanism projects and an aggregator of carbon credits, was planning to make a bid. Ecosecurities shares rose around 17 per cent, but equity analysts said this was unconnected with speculation that the company wishes to buy Agcert. Ecosecurities generates certified emissions reductions (CERs) from a wide range of sectors including livestock projects similar to those who supply Agcert. But some equity analysts who cover the carbon finance sector doubted that Ecosecurities was a likely buyer. "Ecosecurities already has a diverse portfolio of CERs but unlikely to want the distraction that would be involved in buying Agcert," said one commentator who requested anonymity. Agcert has struggled to generate CERs to the timeline outlined at the time of the company's float in the middle of 2005, and the company has endured setbacks with greenhouse gas reduction technology at some of the farms where it has installed equipment to capture methane from animal waste. Agcert has also been issued with fewer carbon credits from the numbers outlined in project design documents, and in early February the company's share price lost almost half its volume in response to an analyst note from Morgan Stanley, which highlighted the uncertainty on the yield of CERs from methane capture projects. Agcert attempted recently to raise €100 million to fund expansion beyond Latin America. Last month, the company lowered that target and is now trying to raise between €40m and €50m. Some analysts who cover Agcert said an existing shareholder was most likely to be buying the company, and AES, the US power utility that owns around eight per cent of the project developer, was cited as having the cash to back up any interest in a takeover. No-one from AES was available at press time to confirm whether the company was preparing a bid for Agcert. Besides its stake in Agcert, AES is involved in a joint venture with London-listed company. The tie-up, which is known as AES Agriverde, will roll out the London-listed company's technology in eastern Europe, Asia and Africa. Last year, AES committed to fund all of the US$325 million (€247 million) required to fund the joint venture. AES owns power plants in the UK and the Czech Republic that are participants in the European emissions trading scheme, and operates power stations that will covered by the Regional Greenhouse Gas Initiative (RGGI), an emissions trading scheme in the north-eastern US that aims to get underway in 2009. AES said last year it would use CERs from Agcert's projects for compliance and for sale on the secondary market. Analysts also suggested that a bid by private equity investors for Agcert could not be ruled out as interest from such firms was increasing in the carbon finance and greenhouse gas reduction sector. London
31/1/2007
12:17
lbo: AgCert shares fall by almost 20pc SHARES in Dublin-based carbon trading company AgCert plunged almost 20pc yesterday, after investment house Morgan Stanley declared the stock "overweight". The company's board of management responded with a statement claiming that there was "no operational reason" for the fall in share price. Shares in AgCert started yesterday priced at £1.20 on the London Stock Exchange. Morgan Stanley's morning research note downgraded the stock from "underweight" to "overweight" and set a target price of 70p. The broker added that it expects AgCert to report higher losses and lower structural profitability in the short term. The stock immediately began to plunge, and was below 95p before 10am. The management then issued their own statement saying that the fall in share price was not down to operational factors, and that their profit expectations remained unchanged. AgCert's parent company, XL TechGroup, also issued a statement to bolster the stock. "AgCert's efficiency levels are, as expected, continuing to show considerable improvement and, as the company expands to new geographies and verticals, we are happy to reiterate that we share AgCert management's confidence about the future," said XL TechGroup chief executive John Scott. Later in the day the stock rallied somewhat to close at 99p, down almost 20pc on the day's opening price. AgCert's full-year results for 2006, which are due to be released at the end of March, will be watched with interest.
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