We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Asia Resources | LSE:ASR | London | Ordinary Share | GB00B19RCP76 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.75 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
10/8/2005 15:37 | What a sickener. It always seems unjust when a company falls because other companies have failed to pay their bills. Thankfully this announcement came in the midst of all the activity at RGT where I have my main holding so it lessened the blow but even so it's the second company I've had that's gone under over the past three years and it doesn't get easier. Good luck to all with your investments elsewhere. | gantenbrink | |
10/8/2005 13:41 | Avionic Services PLC 10 August 2005 Avionic Services plc ('Avionic Services' or 'the Company') Proposed appointment of administrators Avionic Services announces that they have concluded discussions with their bankers and, with due consideration to the financial position of the Company, the Directors of the Company resolved on 9 August 2005 to place the Company into administration. This follows the announcement made on 5 July 2005, following which dealings in the Company's shares were suspended from trading on AIM. The Directors have requested the appointment of Andrew Stoneman and Paul Clark of Menzies Corporate Restructuring as joint administrators over the affairs of the Company and it is expected that the Court will approve their appointment shortly. The Directors do not anticipate that the administration will result in any return to either equity shareholders or loan stock holders. Further announcements will be made as and when appropriate. This information is provided by RNS The company news service from the London Stock Exchange | miamigo | |
10/8/2005 13:32 | Oh well there it finally goes- the announcement was almost sincere. | jda | |
01/8/2005 08:29 | Avionic Services PLC 01 August 2005 Avionic Services plc (the 'Company') Resignation of Director The Directors of the Company wish to announce that Mr. John Gregory has resigned as a Director of the Company with effect from 29 July 2005. Enquiries: Avionic Services Plc: 0208 974 5225 Bill Price, Chairman www.avionicservices. Noble & Company Limited 0131 225 9677 Joe Philipsz This information is provided by RNS The company news service from the London Stock Exchange | trevor1959 | |
29/7/2005 16:43 | I rang Carswell last week and he said that they are still trying for finance and not to give in yet. He didn't sound to optimistic but you never know. I have had worse than this recover. Then again I was holding Fisher foods when they went under, and Atlantic telecom. You pays your money and you takes your chance. I've won a few as well of course. | bantam175 | |
28/7/2005 22:25 | And I saw 2 new posts and thought - I wonder if someone knows what's happening with the suspension. Oh well back to sleep. | gantenbrink | |
28/7/2005 16:13 | jane Funnily enough I was going to post on here today, to ask if anyone knows whats happening with this blasted suspension? | miamigo | |
28/7/2005 15:59 | Will the last one to leave kindly switch off the lights please , as long as the electricity has not already been disconnected . | jane seymour | |
06/7/2005 10:09 | jeffian- I am working on the basis of a takeover to maintain continuity, not a administration. I agree if the company is left to fall into administrators we will see nothing. | jda | |
06/7/2005 10:06 | F-R, Yes, I'm always intrigued at how Directors deal with the 'trading while insolvent' conundrum. In this case, a company with an administrative overhead fixed at around £1.6m/per annum producing operating profits significantly less than that would appear to be heading for the rocks unless they had either assurances of bank support or equity investors prepared to chip in until the company reached profitability. I'm not sure Directors always appreciate their position or the serious of the penalties if they are called to account. JDA, True in theory, but a glimpse at the balance sheet will show you that any receipts would be unlikely to filter down to shareholders after creditors have taken their whack (last net shareholders' funds shown as £66k!). Regards, Ian | jeffian | |
06/7/2005 08:47 | Best we can hope for I think is a takeover, (not via administration) where a company wants to get there hands on the valuable licences that Avionics have. Surely at circa 1 million it is a cheap way of obtaining such items. | jda | |
06/7/2005 07:25 | Jeffian - Fair comments and ones I remember reading a while back. Whilst I did take your comments on board I was one who went for the licenced regular trade growing sufficiently to allow the company to cover overheads line whilst at the same time winning more and more lumpy contracts. All along I was worried about the degree of growth required but was happy to ride stock market sentiment in the fact that should the company move towards my targets then it should have been rerated. You live and learn I guess, but it will be interesting to see these final figures to see how long the Directors have been aware of the position, and whether they have as a result traded illegally for some time now. | flackwell-raineri | |
06/7/2005 00:31 | I'm always wary when the directors start spouting about "contracts in the pipeline". | scumdog | |
05/7/2005 23:20 | "It just shows that you can believe nothing directors say." On the contrary, barnetpeter, it just goes to show that there are none so blind as those that will not see. As I pointed out back in February 04: "the Chairman's statement is flagging up a number of potential risk areas to those prepared to listen: * It's reliant on winning one-off contracts for years to come ("The greatest difficulty facing the business is the unpredictability of the increasingly large contracts and the impact of these on the day to day control of the business.") * as a result its performance is sensitive to contract delays (e.g.'Eid') or disruption (SARS/911 etc) * they're adopting a 'more prudent accounting policy' in future by writing off R&D expenditure as they go along (read 'impact on bottom line'). It reminds me strongly of a company called IFTE which designs and makes the fire-training modules being installed at many airports. In the end that fell into the arms of Kidde for a song; they just weren't big enough to ride the peaks and troughs of a lumpy and volatile market without the shelter and financial muscle of a large corporation and I wonder if this isn't the same." As I pointed out on several occasions, whilst "The business has shown significant trading improvement over the past eighteen months" it had to actually double 2003 turnover just to achieve breakeven, so any growth less than 100%, whilst a commendable performance, still left the business making a trading loss. I'm afraid you can't blame the Directors, who actually gave a pretty clear picture of what was going on here, you can only blame yourself for being selective about which bits you chose to accept or ignore. Regards, Ian | jeffian | |
05/7/2005 21:25 | I think you can read into "significant trading improvement" that they were in the process of tendering for contracts, and that this "reflected in the current order book". However, what we don't know is how many tenders were successfull, and how many successfull contract wins resulted in non-payment by dodgy third world countries? Whatever- I've had it with AIM stocks now. Lost too much. I'm sticking to mid caps and FTSE100s from here . | trevor1959 | |
05/7/2005 20:02 | From this at the end of last year: "Air traffic control systems provider Avionic Services PLC said it raised 541,250 stg through a placing with institutional and other investors of 21.65 mln new shares at 2.5 pence each. Bill Price, chairman and chief executive, said: "The business has shown significant trading improvement over the past eighteen months as reflected in the latest financial results and the current order book and pipeline of contracts." to this: "The Company announces that, further to the announcement of 23 June 2005, it has been unable to conclude discussions to raise the additional working capital it urgently requires with potential providers of funding". It just shows that you can believe nothing directors say. | barnetpeter | |
05/7/2005 19:03 | Awful news. Would seem that the banks have all the cards on this one. What surprises me on reflection is why this wasn't taken out by a competitor over the last few months. | flackwell-raineri | |
05/7/2005 14:50 | R.I.P. You can stop ramping this one now Knowing....looks like we have all lost out on this one unfortunately!! | enewman36 | |
05/7/2005 14:48 | Avionic Services PLC 05 July 2005 Avionic Services plc ('Avionic' or 'the Company') Trading Statement and Suspension of Trading The Company announces that, further to the announcement of 23 June 2005, it has been unable to conclude discussions to raise the additional working capital it urgently requires with potential providers of funding. The Company is in discussions with its bank to examine alternative options that may enable the Company to continue trading. The Board of Avionic has today as a consequence requested that the London Stock Exchange suspend trading on AIM of the Company's issued share capital. A further announcement will be made as soon as practicable. For further information please contact: Geoff Carswell, Chief Executive Officer, Avionic Services plc Tel: 020 8974 5225 Bill Price, Chairman, Avionic Services plc Tel: 020 8974 5225 This information is provided by RNS The company news service from the London Stock Exchange SRSILFVSDDIEIIE | miamigo | |
27/6/2005 21:04 | don't belive buy or sell as you can only sell if some one is buyng and viversa if not the ammount of the trade in the day is half of the declared one. in the end what matters is the price direction jovi | sonebrant | |
27/6/2005 16:05 | Another tick up with no new buys showing. Nearly back to pre announcement share price I wonder if there is a delayed buy on its way? | trevor1959 | |
27/6/2005 11:29 | Not snotty jeffian, pretty realistic though. | trevor1959 | |
27/6/2005 11:14 | Sorry if this sounds snotty, but 100000 shares is 'only' going to cost £700k which is the sort of money some people will put on the gee-gees and I think the argument here is likely to be the same as backing an outsider with money you are prepared to lose - if it wins (recovers) you're quids in; if not, never mind. dell314 is right; they're telling you things are bad. Regards, Ian | jeffian |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions