Share Name Share Symbol Market Type Share ISIN Share Description
Antonov Plc LSE:ATV London Ordinary Share GB00B3SHND79 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 59.00p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 0.3 -9.8 -14.3 - 8.36

Antonov Share Discussion Threads

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Yes,You have to fill in in a specific form. "If you own shares that become worthless, or almost worthless, you might be able to make what's known as a 'Negligible Value Claim'. This is a claim that the value is negligible (almost nil)."
Found some certificates showing a holding in this company Is it listed anymore? Can I claim cgt loss?
Chinese partner dragging their heels then? Well fancy that.
dam cant buy online after great news.
Quivest will be interested in 26,248,776 ordinary shares representing 26.75 per cent so quivest can only buy a 3 million more then this is screwed. 3 million at 7p is 210k, which is not enough for breakeven on the busines. RIP>
Union stands by car plant warning Lord Mandelson: 'Rumours can very easily turn into a shockwave' The Unite union has defended its claim that a major, unidentified UK car plant could close within days unless it gets financial help from the government. Business Secretary Lord Mandelson warned against "feeding rumours" and said such comments could in themselves cause damage to the UK car industry. Culture Secretary Andy Burnham said the union claims were "irresponsible". But Unite insists more than 6,000 UK jobs are at risk and it would have been irresponsible not to have spoken up. 'Difficult time' Unite joint leader, Tony Woodley, warned on Friday that the unnamed plant, which he said employed more than 6,000 people directly or indirectly, needed urgent state aid to stay open.
New racing season starting.
Facing a Slowdown, China's Auto Industry Presses for a Bailout From Beijing Keith Bradsher/The New York Times One automaker, Geely, is showing its cars starting Wednesday at the China International Automobile Exhibition in Guangzhou. Permalink By KEITH BRADSHER Published: November 18, 2008 GUANGZHOU, China - Do Chinese automakers need a bailout? China's car industry is quietly pressing Beijing for government help as it copes with a jarring slowdown, top Chinese auto executives said in interviews here on Tuesday.
That's good news. The financial case for a cheap to manufacture transmission grows stronger all the time, which is probably why the Chinese government are so keen. "I am now back in Europe following a series of successful demonstrations of our new six speed transmission to Chinese vehicle makers. These were centred in a small town near Chong Qing where we were able to make use of a network of quiet roads to offer a very thorough assessment route. Our thanks to the local government for their help in setting this up. We will be taking the car back to Shanghai by truck (a 5 day road trip)for follow up meetings during December. The initial feedback though is very encouraging both regarding the peformance of our transmission and the pricing we are proposing. John Moore, CEO - Antonov plc 20th November 2008"
Chinese carmakers also seek government aid Caught in a slowdown, they urge policy changes rather than bailouts. Some are deferring export plans and cutting their costs. By Don Lee November 20, 2008 Reporting from Shanghai -- America's Big Three aren't the only carmakers turning to government with hat in hand. Hit by a dramatic slowdown in sales, Chinese auto executives are cutting production, shelving plans to export to the U.S. and, a la Detroit, looking to Beijing for a little help. Ads by Google Real Estate in Dubai Dubai Property Investment with 15% return & 50% growth. Free Brochure China Bank See the latest Central Bank Reserve Statistics at Wall Street Systems. Unlike the heads of General Motors Corp., Ford Motor Co. and Chrysler, who were in Washington this week pleading for $25 billion in aid, Chinese automakers generally aren't in dire financial straits. Rather than begging for cash or loans, Chinese managers say, they're pushing for policy changes, such as lower consumption taxes and pump prices, that might help jump-start sales. Government needs to "provide an environment to encourage people to buy cars," said Cui Yizhang, marketing director at JAC Motors, a commercial vehicle maker in Anhui province. In the interim, Cui said, JAC is tightening its belt. Production employees' work has been cut to three to four days a week from six plus daily overtime earlier in the year. The company has slashed salaries of high-ranking executives 40% and those of middle managers 20%. For most of the last several years, China's auto market was booming, with annual sales volume growth often exceeding 20%. But with sagging stock and property markets -- not to mention a global economy turned upside-down -- consumers started to pull back on purchases in the spring. Sales in August and September fell from year-ago levels, and despite a 3% rebound in October, analysts are forecasting no growth next year. GM and Ford's sales in China have slipped more than average, according to J.D. Power & Associates.
i think you will find it is not an "institutional investor" but a spiv and the sale price is an average of the previous few days - presumably where they have dumped the placing stock out before take it from the company. Ask yourself with all the umpteen "issue of equity announcements" why there has been no one go over 3% - reason is there is no investor as the shares are being dumped in the market.
Why would anyone invest in a new transmission system when they aint sellin cars? The Chinese car industry is growing, and even without growth it needs it's own 6-speed transmissions, instead of them being made by Aisin in Japan, boated over to China, and then unloaded and transported to central China where cars are made due to lower labour costs than along the coast. As well as growth within China, the Chinese car industry is going to start exporting. That is going to increase the growth in the Chinese car industry further. To do that, they need their own intellectual property: SAIC cana't export VWs to Germany, but they can export Rovers,and Nanjing can export MGs. Soon, Loncin Antonov will be able to supply Chinese car makers with a Chinese gearbox. Is the equity to pay for wages? Yep, sure it is. They are selling 20p shares for 21p to institutional investors. You can buy them cheaper on the open market. Whether you take advantage is your choice.
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