Aortech Share Discussion Threads

[bearfoot] 08/2/2013 23:05

Bearboy: 10p!!? OMG! thank you for your insight!.....can you share your perilous predictions about other for similar companies with us?

[gac141] 08/2/2013 22:07

Bear Boy - Yawn.........

[bear boy] 08/2/2013 21:58

I did warn you the seller would return and you will have to buy more than 50000 , target 10p

[papillon88] 08/2/2013 14:31

big trades gone through
rolls?

[papillon88] 08/2/2013 09:53

25Oct,
I do still hold not many i do admit and the reason for this is:
Firstly, I wouldnt be able to sell at a reasonable price, I got a quote not too long ago and the price I was quoted was 20% below the current bid price. which I felt was unacceptable
Secondly, like most on here I live in hope that we might get a buyer for the company the chance of that in my opinion is very slim though

If the share price was steadily rising we would all be thinking a deal was close and the BoD were doing a good job, however since the STJ resolution the share price has fallen nearly 40% which suggests things are not progressing well. That might not be the case but the fall does lead one to think so.

What I would like the BoD to do is address the price fall and they could do that by finding out who the seller is and how many shares have they got to sell.
There are only two possibilities here its a large holder clearing out or its a short seller if its a large holder find out who it is and do a share buy back or find some current holders and clear the seller out, If its a short seller (which I think is unlikely) establish who they are borrowing the stock from and try put an end to it, if its naked short selling then force a buy back.

[25october1969] 07/2/2013 22:03

Papillon, if you think that why do you still hold and if you do not still hold why do you still comment. What exactly would you like the board to do differently, they are governed by nomads and LSE rules as to when they can make an announcement, also not a useful negotiating tactic to tell the world how the sale process is going.

[papillon88] 07/2/2013 19:51

25OCT,
If u hold out for another week you will prob be able to buy that 50k at under 50p

[1prophet] 07/2/2013 18:52

Hey if there is bad news let's hear it. UK shareholders deserve to know good or bad. If 25,000 shares got sold or Directors sell so be it but minuscule trades and humongous drops in the Market cap don't seem to equate.

[papillon88] 07/2/2013 18:27

Asking for a RNS to be issued might not be the answer,
as the share price suggests we won't like the content

[gac141] 07/2/2013 17:54

David

I hope you are totally wrong... I am sure that is not the way of Bill Brown!

[cocker] 07/2/2013 17:23

The share price has lost approx 1/3 of its value since the St Jude settlement. All I will say is I'm glad I only have a few £k in this stock & not the large amounts that some who frequent this board have. It looks as if Big Bill line my own pockets Brown can talk the talk, but can he walk the walk. We shall see over the coming months & I for one hold out very little hope due to AOR being a stressed seller in a big boys market.

[1prophet] 07/2/2013 16:31

Hey Guys Is it not time for the directors to update the market on their progress selling the Co. They need to settle peoples nerves here. Great if going well but a must to tell. Geez

[cocker] 07/2/2013 14:05

Papillion . Exactly whats wrong with making a 100% profit on a months loan note & then drawing down your large director salary for months on end in the hope that a buyer may be found?.

[papillon88] 07/2/2013 09:54

6% fall on the back of a sale of 3000 shares laughable

[semper vigilans] 07/2/2013 08:17

Hopefully they are in negotiations so can't deal in the shares!

[papillon88] 06/2/2013 15:42

As a gesture of good will why dont directors use the 100% return they received from the rights issue to buy shares to stop this constant fall in sp

[bear boy] 03/2/2013 15:48

Oh dear tried telling people on here try and get a price for selling more than 500!

[papillon88] 01/2/2013 13:37

When you have to take a discount of 8p to sell 1000 shares you know the next move from the company is administration

[gac141] 30/1/2013 18:32

I don't think the company is engaging in the way that it did with the official sales process previously etc so do not expect regular updates. Just a nice RNS when they find a home for the polymer business.

[papillon88] 30/1/2013 13:07

Well a month has passed since we last had an update and no progress has been made regarding a sale of the business.
I would have thought if any progress had been made we would have had an RNS by now even if it was just to say talks are ongoing.

[gac141] 25/1/2013 16:32

BearFoot

I think the company has stated its position quite clearly. Check the RNS's.

I am not expecting to receive an offer for the company on Monday as I know the directors will be looking to maximise potential offers by interested parties as time passes.

Cost base reduced now to a minimum so we have the time to extract the best deal for all involved.

[bearfoot] 25/1/2013 14:11

All rather worringly quiet here.....so I thought I'd check out the apparent 'tick up' today and see if it's real. Unfortunately not! I can buy 10k at 76.5p....well below the 82p offer price!!! ....and there are no bids at all on as little as 100 shares. So, no justification at all for the move up in share price So, what's going on here.....and with the company, generally?

[gac141] 16/1/2013 16:15

AorTech's Statement Tells St.Jude Story
January 15, 2013

In short

In case you missed it, this is the story of how a Scottish polymer company and an American cardiac device leviathon got all tangled up late last year, and subsequently settled their differences to the satisfaction of all parties (according to the releases from both sides).

AorTech's financial statements for the period to the end of September offer up an interesting insight into the goings-on.

Background

There are a few defining stakes in the ground of this particular tale. Firstly the fact that AorTech has been trying to sell out for a little while, without success. Secondly, that its deal to supply St.Jude with the polymer that it relies on to coat its Durata ICD lead was a pretty bad one (for AorTech) and that the company was on its uppers for the latter part of 2012. And finally the other key factor is St.Jude's reliance on the AorTech-derived coating and indeed Durata itself, to pull itself out of the hole left by the troublesome Riata ICD lead. Both parties needed this to end well for each other.

So how does the financial statement from AorTech enlighten us? Find it here. Let's first look at this alleged breach of contract that has been implied by AorTech, but about which no details have been released. Now that it has been resolved, with no party accepting any liability (but St.Jude having to cough up $3.9m), one can't help thinking that the breach and the awfulness of the contract might be related. The chairman himself describes the contract as uneconomic, and to demonstrate just how awful it was, the fact is that AorTech received $724k revenue on polymer sales to St.Jude in the six months to end September 2012, against a cost of sales of $806k. This reached the bottom line looking like more than $1.5m loss in six months. No wonder there were some sweaty palms.

What happened next is that the financially challenged AorTech generated interim funds by issuing loan notes, secured on the company's polymer IP and repayable at 100% premium plus 15% interest on any additional value created. The loanees must be grinning from ear to ear at this moment because their repayments crystallised the moment St.Jude got its cheque book out in the resolution of the companies' differences.

And what happens next? Well, the words of AorTech's chairman are pretty clear. He doesn't want the polymer business and will get rid of it as soon as a company more suitable to the demands of supplying such a critical and high volume material can be found.

So ends another chapter of a funny old tale in which a small company jumps into a bad contract with a big one for reasons we can only speculate to be that it got a bit star struck and excitable... never a good place from which to negotiate. In fairness, polymer production costs probably shot through the roof too though. When it realises just how bad the deal is, the small company simultaneously breathes a "sort of" sigh of relief when it finds what it judges to be grounds for a breach of contract exit. The big company is in no mood to lose its supplier for a critical component of a critical product, so ends up playing ball and in so doing secures the future supply. The small company, now financially relieved by the settlement, relaxes just long enough to make sure it can clear the decks by ridding itself of that part of the business completely and get on with using its proprietary technology in what it hopes will be a more profitable way. For AorTech that means a foray into transcatheter aortic valves. Hope the pockets are deep enough because that sounds expensive.

Source: AorTech International plc, St.Jude Medical, Inc

[papillon88] 16/1/2013 12:58

2 decent size buys (not in monetary terms but in shares)