Aquilo Share Discussion Threads

[clivee] 15/8/2007 15:24

Just think there is only 5,885,458 shares in issue therefore it only needs less tham 1.5m worth of shares to stop this and at this price thats only £132,500 pounds worth so if you all start taking a small gamble could easly stop this from de-listing. And make loads of money.

[tp100] 15/8/2007 14:44

probably a screaming buy but have no illusions, the risks are high and they will delist. Just starting to bounce?

[power talker] 15/8/2007 14:04

Only lost £1500. Not exactly the crown jewels...better to have kept it but i was well aware of the risk.. in hinsight a foolish decision, but i wil get it back on AQl before they delist....If in fact it happens...these will be sup 2p shortly then ill buy a few..

[clivee] 15/8/2007 14:04

If a company is approached for part of its business and shares do not have much value once delisted. Why on earth would share holders vote for the company to be delisted.

[fraqwer43] 15/8/2007 14:02

Power Talker.

Have you encounted some kind of brewsters millionaire syndrome?

Do you have to lose a hundred grand in 30 days to inherit a million?

[power talker] 15/8/2007 13:54

Why everyone so bothered that i sold this morning...Big Man...didnt lose as much as you...i might buy back in for the bounce once we fall a little more....get my cash backk ill keep you posted big guy...

[tyranosaurus] 15/8/2007 13:26

I am not selling these.

I have 6 shares (cost £750) that are worth less than the cost of printing and sending me the voting forms.

They could save money by buying out the small investors for peanuts.

They could get rid of lots of people by doing another share consolidation !!

[clivee] 15/8/2007 13:10

Thanks but whats a xcross trade. iI brought 5000 shares this morning and 2 lots appeared 1 @7. and 1 @7.4 does this mean it was not done through the market.

[wiganer] 15/8/2007 13:06

An X trade is a cross trade. And who wouldn't be cross?

[clivee] 15/8/2007 13:06

Could some one please tell me what an x trade is please. thanks

[fraqwer43] 15/8/2007 12:52

Power Talker - 6 Aug'07 - 08:31 - 1406 of 1445

"Dont think so mercier..Its a diamond that has tried to be passed of as a rock.. Thats my buy 5525..Can still get 5k online, think i will get more"


Bought at 37p then sold at 8p in less than 10 days, must be some sort of record.
Good indicator though, if he buys a stock you simply avoid it like the plague or
if liquid enough short it.

[the big fella] 15/8/2007 09:35

I wonder if that 5525 shs sold today at 8p were the same 5525 shs bought on 6/8 for 37p (e.e. after the intention to delist announced). Some people have strange investment habits. Easy way to wave goodbye to a couple of grand.

[25wbh] 15/8/2007 08:53

They have to have 75% to take it private, the way the shares are going down it would not cost a lot to buy more thus stopping them
what percentage is in retail investors hands with their own share certs i wonder?

[mercier et camier] 15/8/2007 08:43

You can warn as much as you like but ultimately it must be the company's financials that have the last word. No investor in this stock should feel responsible for their losses.

The LSE goes on about the need for transparency on the AIM an FSA investigation into the affairs of AQL would be an excellent starting point.

For the record I am still not convinced the company is in dire straits. This is simply case of a growing and profitable business being taken private for the sole benefit of the directors and their financial backers.

[wardy3] 15/8/2007 08:21

Warned you all weeks ago, from previous experience AQL was never going anywhere consolations been there myself with this company, good luck in future investments.

[aleman] 15/8/2007 00:03

I'm not being emotional because I only have a relatively small holding and I've not been in it long enough to get affectionate. My view is not clouded by the chequered history of directors that have left. Where is your analysis of the fundamentals?

They told us about the modest group trading loss before tax of £84k from management accounts for the first 4 months, and could now tell us May and June if they wanted but chose not to after last week telling us things have improved further. What were May and June's results? There were cost reductions that were not going to be completed until June. They also tell us there might not be an offer for IT solutions and ABS so they might be taking the whole lot private. They also tell us that AIRS might cover central overheads on its own in Q4 which is only 7 weeks away. This says they expect profitability to improve again in Q4 after improving already in May-July from Jan-April's £84k loss. If they did take it private, reduced costs would increase profitability a third time from what was already only a modest loss.

[greek islander] 14/8/2007 22:55

What a great investment Aquilo looks now Aleman.

I take no satisfaction in crowing but people like you should learn a big lesson and not hide yourself from the truth and the facts. Fundamentals!

A lesson to all of us to apply stop losses and sell when the time is right. Getting too affectionate towards a stock is bad news. You first lose objectivity then you lose your shirt!

[ibarty] 14/8/2007 20:08

ALREADY HAD THE TUNE, GET OUT GET OUT AS QUICK AS YOU CAN

Aquilo PLC
14 August 2007

Aquilo plc ('Aquilo' or the 'Group')

Notice of Cancellation of Admission of Shares to Trading on Aim

On 3rd August 2007 the Group released an announcement indicating that it was
considering the possibility of cancelling the admission of its shares to trading
on AIM. This announcement provides formal notice of the intention of Aquilo to
seek such cancellation, the rationale for so doing and the process by which the
cancellation may be effected.


Rationale for cancellation

As stated in the announcement of the final results of the Group for the year to
31 December 2006 made on 29 June 2007, the Group suffered severe losses in 2006.

Following the disposal of the motor services division of the Group in December
2006 and the restructuring of the business shortly thereafter, which was approved
by the extraordinary general meeting held on 15 January 2007, the Group consists
primarily of the business of ITS, the IT equipment claims handling and
replacement operation, acquired in June 2006, and AIRS, the household repair and
claims handling operation established in the second half of last year as a start
up. Despite the restructuring of the Group and the continued growth in AIRS
since then, the working capital needs of the Company means it requires ongoing
shareholder support.

As noted in the announcement made by the Company on 3 August 2007, Aquilo has
received an approach for the business of ITS, which may or may not lead to that
business being sold. This approach, if accepted, would also involve the sale of
the Group's interest in ABS, the Group's general household goods claims handling
business. Whilst final terms have not been agreed, the Directors believe that
disposal would be in the best interests of the Group, since by doing so they
would materially reduce the working capital requirements of the Group and be
able to utilise proceeds to repay Group debt. Moreover, such a step would
substantially reduce the financing costs of the business, inter alia, by
eliminating the costs of the VPV cash collateralisation facilities, details of
which were announced on 20 June 2007. This would no longer be needed by the
Group following the disposal of ITS and ABS.

In the event that the disposal of ITS and ABS occurred, the Group would
substantially constitute only the business of AIRS. This business has been
successful in winning contracts for the conduct and management of insurance
claims under household insurance policies and has grown significantly since it
was launched. However, it still represents an early stage business which at
present does not provide sufficient profits and cash flows to cover the costs of
the rest of the Group. Whilst this situation continues to improve as the AIRS
business grows, on current management projections it would not be able to
sustain current Group overheads until Quarter 4 2007.

As announced on 3 August 2007, the Directors are currently engaged in discussions
with the major shareholders of the Group, and specifically certain of the
shareholders who backed the restructuring of the Group in January 2007,
regarding the provision of additional financial support for the Group.
Shareholders should be aware that the terms and amount of such additional
support are still to be agreed.

The Directors, having consulted with the major shareholders, believe that it is
in the best interest of all the shareholders to reduce overheads as much as
possible and that the benefits no longer outweigh the substantial costs inherent
in the admission of its shares to trading on AIM. These include the regulatory
and advisory costs of the facility, the additional personnel costs involved in
corporate governance requirements for AIM and costs related to the disclosure
requirements.

Moreover, the Directors consider that maintaining the quote for the shares no
longer serves a useful function in terms of access to capital or the ability to
utilise the shares of the Company to effect acquisitions, given the current
circumstances of the Group. To the extent that any further changes in the
structure and funding of the Group are required, consequent on its new strategy,
the Board believes these would be materially easier to carry out as an unquoted
company.

The Directors have accordingly concluded that it is in the best interests of
shareholders that the admission of Aquilo's shares to AIM be cancelled.


Process of cancellation

Under the rules governing AIM, cancellation of admission to AIM can only be
effected by a company after the securing of a 75% vote in favour by those
shareholders voting in general meeting, and the expiration of a period of twenty
business days from the date on which notice of the possible cancellation of
admission is given. In addition, a period of at least five business days
following the approval of the cancellation of admission of the shares to AIM is
required before that cancellation may be put into effect.

Accordingly, notice is hereby given today of the intention of Aquilo to cancel
the admission of its shares to trading on AIM. The notice for the AGM of Aquilo
sent to shareholders today, includes a resolution seeking permission to effect
this cancellation as soon as possible.

Since the AGM of the Company is due to be held on 6th September 2007, the
cancellation of trading would occur on 14th September 2007, assuming that the
resolution referred to above is passed as a Special Resolution at the AGM.

For further information please contact:

Chris Langridge, Chairman, Aquilo plc Tel: [phone]
John Riddell, Noble & Company Limited Tel: [phone]

[tyranosaurus] 14/8/2007 17:57

My post 1350:

This is a basket case.
It was a basket case.
It always will be a basket case.

Overheads have been too high since they floated in 1999.

THE FAT LADY IS GOING TO BE SINGING SOON

[aleman] 10/8/2007 00:46

I see yet again my posts on reduced losses and improving cashflow have been completely ignored. Can we stick to fundamentals?