Airbath Share Discussion Threads

[dell314] 14/6/2005 13:51

LOL!

Is this still on the Knowing "Hot tips for 2005" list, along with other Knowing classic ramps, TTL and PRSC??

Rgds
dell

All IMHO, DYOR etc.

[responsible lad] 14/6/2005 13:43

double6 will probarly be investing in this one either today or before the delisting.

[knowing] 18/5/2005 22:56

RNS Number:4795M
Airbath Group PLC
18 May 2005

AIRBATH GROUP PLC
(THE "COMPANY")

PROPOSED DE-LISTING


Further to the announcement made on 22 April 2005, a circular has been sent to
shareholders today regarding the proposed withdrawal of the Company's ordinary
shares from trading on AIM. An extraordinary general meeting to consider and,
if thought fit, approve such withdrawal will be held at Crossley House, Hopwood
Lane, Halifax, West Yorkshire HX1 5EB at 10.00 am on Monday 13 June 2005. The
text of the Chairman's letter forming part of the circular is set out below.


"On 22 April 2005, the board of directors announced that it was their intention
to seek the approval of shareholders to withdraw the Company's ordinary shares
of 1 penny each ("Ordinary Shares") from trading on AIM. It is anticipated
that, subject to the passing of the resolution set out in the attached notice of
extraordinary general meeting, the withdrawal will take effect on Monday 20
June.


Since the Company's announcement of its interim results for the six month period
ended 30 September 2004 on 22 December 2004, the Company's two trading
companies, Aquabeau Limited ("Aquabeau") and Brampton Housewares Limited, have
continued to experience challenging trading conditions in their respective
markets. The bathroom sector has been generally weak and the Company's
profitability has suffered as a result of a continued trend towards lower margin
products. Improved management disciplines have been implemented at Aquabeau and
the product portfolios of both businesses have been strengthened by the
introduction of new ranges. However, it will be some time before the Company
begins to see any significant benefits from these actions.


At the same time as the announcement regarding the proposed withdrawal from AIM,
the directors announced a restructuring of the group's debt. Whilst the debt
restructuring has improved the group's balance sheet, the directors must remain
focused on keeping costs to a minimum and, with direct and indirect costs of the
AIM trading facility in the order of #60,000 per year, the directors have to
consider whether or not maintaining the facility is in the best interests of the
Company, its creditors and shareholders.


On 21 April 2005 (being the last dealing day prior to the announcement regarding
the withdrawal from AIM), the closing mid-price of Ordinary Shares was 0.75
pence, giving a market capitalisation of #190,563. Between 22 Apri1 2004 and 21
April 2005, shares in the Company were traded on only 89 of the 256 days when
the market was open. In the current market the directors do not believe that
there is any realistic prospect of the Company being able to raise money by
issuing further equity. In the light of these and the trading considerations
mentioned above the directors feel that the limited benefits to the Company, its
creditors and shareholders of a trading facility are outweighed by the costs
involved. The directors have therefore concluded that it is in the best
interests of the Company's stakeholders for the Company to withdraw from AIM.
The withdrawal can only become effective if approved by a special resolution of
the holders of Ordinary Shares. If so approved, the directors expect the
withdrawal from AIM to become effective on Monday 20 June 2005. Gartland Whalley
and Barker plc, which owns 14,207,461 Ordinary Shares (approximately 55.92% of
the total number of Ordinary Shares in issue), has indicated an intention to
vote in favour of the resolution approving the withdrawal.


Whilst there will be no market in the Company's shares following the withdrawal
from AIM, the Company will endeavour to introduce shareholders wishing to sell
their Ordinary Shares to prospective buyers. Shareholders wishing to dispose of
some or all of their holding following the withdrawal should contact the Company
Secretary at the Company's registered office."

[rupert the rabbit] 10/5/2005 11:18

clive, I've got half a bag of crisps, do you want to swap them for your full packet?

It's the sort of chance that only you would jump at.


Rabbit
done and dusted.

[rupert the rabbit] 10/5/2005 11:14

Level 2 clive?



Bloody car parks eh.

Rip offs, the lot of them.


Rabbit

[knowing] 10/5/2005 11:14

I doo like you Rabbit ;-)

[rupert the rabbit] 10/5/2005 11:11

Roberto George - 10 May'05 - 11:06 - 228 of 230


"I'm glad you find my posts tedious"
.........................


clerman, if tedium is what you seek, then I refer to you to my post asking why you don't jump aboard the clive thing.

I'm a baker, and in my opinion not only doo you want my cake, you also want to eat it.


Rabbit

[knowing] 10/5/2005 11:10

Am I ?

Really.

CSR doing well though ;-)

[rupert the rabbit] 10/5/2005 11:09

Now Now clive, that's enough of those nernny nernny nernny type of posts.

Anyway, I'm not, you are.



Rabbit

[knowing] 10/5/2005 11:07

At least he wasn't a loser !

Like you.

[roberto george] 10/5/2005 11:06

Rupert

I'm glad you find my posts tedious , that is of course the whole point of them .

I'll leave Knowing and you to carry on .

Kindest Regards

Nijo

[rupert the rabbit] 10/5/2005 11:02

clerman, "tedious" is exactly what I'd call your repeated postings of lyrics.

and as for your obsession with Ronson, that's just bloody odd.


Rabbit

[roberto george] 10/5/2005 10:55

Rupert

It was amusing three years ago , even I find it a little tedious these days .

Kindest Regards

Baden

[rupert the rabbit] 10/5/2005 10:53

clerman, why not get stuck in.

It's all the rage these days you know.


and why clive told us all he lives in Braintree is frankly beyond beggars belief.

Twelve trees look nice.
Don't you think?


Rabbit
(Though more like a dog with a clive shaped bone)

[roberto george] 10/5/2005 10:51

Knowing (I'm not going to join in with the Clive "stuff")

Why did you give your real name to total strangers in the Ronson "pub" ?

Not a good idea was it ?

Fancy a swift half ?

Regs

Andy

[rupert the rabbit] 10/5/2005 10:46

"out of my system" clive?

Having a go at you's like having a sh1t, just when you think you're done....more comes along.

Do airbath make toilets clive?
They seem to be disappearing down one.


Rabbit

[knowing] 10/5/2005 10:34

Have you finished ? Got it all out your system !

Good.

[rupert the rabbit] 10/5/2005 09:46

clive, look, watch me.........


!!!!!!!

See, I really mean it this time.


Rabbit

[knowing] 10/5/2005 09:41

Pathetic !

[rupert the rabbit] 10/5/2005 09:39

clive, there's one thing I can always bank on 'shaking' upon reading your posts.

My head.


Morning Stavros, nice day for it eh.


Rabbit

[mike crowsoft] 10/5/2005 09:33

LOL!

May I be the first to congratulate you clive, on your uncannily accurate forecast in the header.

Airbath has indeed taken a plunge.

Its just a shame that your posts that followed here included such rubbish as 'time to top up', 'just a treeshake', 'mms want your stock' and 'time to buy'.

Still, 1 out of 20 is a high mark for you.