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ATU Airbath

30.40
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Airbath LSE:ATU London Ordinary Share GB0030645864 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 30.40 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 30.40 GBX

Airbath (ATU) Latest News

Real-Time news about Airbath (London Stock Exchange): 0 recent articles

Airbath (ATU) Discussions and Chat

Airbath Forums and Chat

Date Time Title Posts
08/5/200612:03AIRBATH - TAKE THE PLUNGE263
23/2/200523:48TAKE THE PLUNGE - Mar.Cap = LESS THAN ONE MILLION177
27/4/200412:18Possible takeover?1
23/2/200315:31DO YOU NEED A GOOD AIRBATH ?? (P/E NOW 2.5)49
23/2/200315:28Airbath - growth stock on PE of 3 ?103

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Airbath (ATU) Most Recent Trades

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Airbath (ATU) Top Chat Posts

Top Posts
Posted at 20/3/2006 15:04 by wiganer
K- how and with who are ATU shares tradeable?
Posted at 13/3/2006 00:14 by slapmewithajellyfish
Err at what price ?
Posted at 22/6/2005 16:40 by dell314
Mike - Aren't you being a little unfair?

Surely, Knowing's ramping of three stocks that have been recently delisted or suspended(ATU, PRSC, TTL) is just bad luck??

Rgds
dell
Posted at 22/6/2005 15:48 by dell314
Lest we forget:


Knowing - 23 Feb'05 - 20:17 - 1 of 243

Thread created to monitor the stock as no charts on the other threads.
The drop in share price seems to have been primarily due to the last results and stopping of the divi. Have a read and see if you think it is justified;




Knowing - 23 Feb'05 - 22:20 - 2 of 243

There are some positive comments to be had in the above. Well worth the risk at this level.


Knowing - 24 Feb'05 - 00:02 - 3 of 243

So, going by ADVFN's figures, we have a market cap of 290K on a comapny turning over 4,000,0000 and having circa 25M shares in issue ! Although ATU reported a small loss for the year I belive that on a PE ratio they look very cheap !


Knowing - 24 Feb'05 - 09:55 - 5 of 243

Can get upto 250K at 1.15 online.


blackbear - 24 Feb'05 - 10:03 - 6 of 243

Very high risk imho..

Going Concern
As explained in the 2004 Annual Report and Accounts issued on 30 September 2004,
the Group is in breach of its banking covenants. All the bank facilities are
now repayable on demand and the revolving debt facility has been reduced. The
bank has not demanded repayment of its loans, which have been reclassified as
repayable in less than one year. The overdraft and invoice discounting
facilities have not been affected. There has been no fundamental change in the
Group's financial position since 30 September 2004. Therefore, the Directors
believe that it is appropriate that the financial statements continue to be
prepared on a going concern basis, subject to continuing bank support, as
before.


Knowing - 24 Feb'05 - 15:57 - 10 of 243

When stocks like this sort the financials out the returns can be great. Worth sticking on your monitor for that day.


Knowing - 25 Feb'05 - 11:30 - 14 of 243

The buyer of 50K could have got them for 1.15 if he tried.


Blah, blah, blah etc. etc.

And another stock disappears below ground in the Knowing tips graveyard....

Rgds
dell
Posted at 18/5/2005 22:56 by knowing
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."
Posted at 09/5/2005 17:54 by sharw
Knowing - I'm afraid you don't quite understand the situation. GWB is the controlling shareholder in a number of companies it has created and then floated. Part of the pattern is that it then supplies directors for a fee. Phillip Bennett is/was the M.D. of GWB and Brian Heather its F.D. GWB has not 'taken control' as you put it - it always was in control. The other GWB companies are Collins and Hayes (CIY) and EQ Group (EQI) and P. Bennett left those on the same day as he left ATU which suggests he has left GWB. Whether he walked or was pushed, we know not, but it was obviously specific to GWB itself, and not ATU as you suggest.

See
Posted at 06/5/2005 08:56 by dell314
Knowing - I've just followed your advice and read the first post on this thread.
In fact, I reproduce here the first few of your posts, as they clearly demonstrate that you have absolutely no idea what you are talking about and you are a danger to other investors:


"Knowing - 23 Feb'05 - 20:17 - 1 of 179

Thread created to monitor the stock as no charts on the other threads.

The drop in share price seems to have been primarily due to the last results and stopping of the divi. Have a read and see if you think it is justified;


Knowing - 23 Feb'05 - 22:20 - 2 of 179

There are some positive comments to be had in the above. Well worth the risk at this level.


Knowing - 24 Feb'05 - 00:02 - 3 of 179

So, going by ADVFN's figures, we have a market cap of 290K on a comapny turning over 4,000,0000 and having circa 25M shares in issue ! Although ATU reported a small loss for the year I belive that on a PE ratio they look very cheap!"



Where do we start??
Firstly, your suggestion that the fall in share price was due to the cessation of the dividend shows a complete lack of understanding of the financial issues facing ATU. The accounts even included an auditor's qualification that made it clear to any sensible investor.
Your comments about PE are hilarious, as ATU made a loss and consequently had no earnings to produce a PE ratio. Anyone following your advice to buy ATU, when you started promoting it, would have lost around 80 or 90% of their investment, if they tried to sell now....

In summary, you have absolutely no understanding of company financial statements and simply pick stocks that have experienced large price drops, with no appreciation of whether those drops are justified.
You then fill threads with an incessant stream of vacuous nonsense to entice in naive investors before you dump the stock and move on.

Your recent record of stockpicks aptly demonstrate the dangers of following your advice. In just the last four trading days, three Knowing ramps have announced bad news:
TTL suspended pending clarification of financial position
ASR warned on profits and needs further funding
PCF ditched new failed venture

Surely, that kind of stockpicking record is more than just bad luck??

Rgds
dell

All IMHO, DYOR etc.
Posted at 22/3/2005 09:31 by dell314
Knowing - 23 Feb'05 - 20:17 - 1 of 120

The drop in share price seems to have been primarily due to the last results and stopping of the divi. Have a read and see if you think it is justified;

It's rather more likely that it has something to do with the stated need for further funding and the serious going concern qualification


Knowing - 23 Feb'05 - 22:20 - 2 of 120

There are some positive comments to be had in the above. Well worth the risk at this level.

It has dropped over 50%, since the Knowing's BUY recommendation


Knowing - 24 Feb'05 - 00:02 - 3 of 120

So, going by ADVFN's figures, we have a market cap of 290K on a comapny turning over 4,000,0000 and having circa 25M shares in issue ! Although ATU reported a small loss for the year I belive that on a PE ratio they look very cheap !

A PE ratio implies that there are earnings. As ATU made a loss, he clearly doesn't know what he is talking about


Knowing - 24 Feb'05 - 09:55 - 5 of 120

Can get upto 250K at 1.15 online.

If you had followed the Knowing's advice, you would have lost nearly 60% of your stake, assuming that you can sell at current bid.
As it is more likely that the MMs will stiff you for larger trades, it is likely that you will lose well over 60%, if you sell now....


blackbear - 24 Feb'05 - 10:03 - 6 of 120

Very high risk imho..

Going Concern

As explained in the 2004 Annual Report and Accounts issued on 30 September 2004,
the Group is in breach of its banking covenants. All the bank facilities are
now repayable on demand and the revolving debt facility has been reduced. The
bank has not demanded repayment of its loans, which have been reclassified as
repayable in less than one year. The overdraft and invoice discounting
facilities have not been affected. There has been no fundamental change in the
Group's financial position since 30 September 2004. Therefore, the Directors
believe that it is appropriate that the financial statements continue to be
prepared on a going concern basis, subject to continuing bank support, as
before.

Someone sensible tries to help the Knowing


Knowing - 24 Feb'05 - 11:32 - 7 of 120

Thats why I'm watching it. Could have a big upside once sorted.

Knowing now realises that he has bought another "lemon" and tries to pretend that he doesn't hold yet, despite starting athread and encouraging others to buy



And the moral of this tale?

Never trust the Knowing!!


Rgds
dell
All IMHO, DYOR etc.
Posted at 15/3/2005 11:22 by responsible lad
If I was investing this share would have to be my favourite right now out of them all. Imagine the damage I could cause to the share price if I posted out 5,000 leaflets telling people to invest in this round the city. It is simple to get the price up on a 200K cap share. I remember how easy it was on PPB and on Advanced Visual.
Posted at 25/2/2005 16:18 by tiredoldbroker
Knowing, I wonder if you'd just clarify one thing. At the start of the thread you said: "Although ATU reported a small loss for the year I belive that on a PE ratio they look very cheap". What did you mean by this ? If the company reported a loss, there are no earnings per share, but the PE ratio is the "price earnings ratio", i.e. the share price as a multiple of taxed earnings. So with a loss, there is no PE ratio. So just what did you mean ?
Airbath share price data is direct from the London Stock Exchange

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