Asian Growth Properties Share Discussion Threads

[potentials] 25/6/2003 23:43

Good for you FourOaks - I hope you were happy with your profit.

I have decided to stay in for another bit but appreciate that after the interest of the results has died down the price may go south for a while and if this happens then I will likely stay in until November interims announcement - only 4.5 months away!!!!

Hope you find more rewarding pastures elsewhere.

[fouroaks] 25/6/2003 22:40

Well I got out at 30.5p - couldn't stand it any longer!

[scotty500] 25/6/2003 13:09

Now 3 bid v 2 offer, might see another tick up soon.

[scotty500] 25/6/2003 11:22

Improvement in L2 now ,

L2 is 2 bid v 3 offer, previously 1 v 4.

[fouroaks] 25/6/2003 08:43

Morning all - scotty, I guessed that was the case, but I wasn't sure just 'how much' bad news had been factored in. Apparently enough!

I too was getting nervous because of the delay. They really are basket cases eh!

[ttjohnson] 25/6/2003 08:40

The CEO doesn't seem to lack confidence.....................

"But new chief executive Nick Randall repeated his goal of returning the
customer interaction software group to profitability in the current financial
year."

.......hopefully his words are not too optimistic. I'll hold awaiting the turn around - or bad news.

[scotty500] 25/6/2003 08:37

Now that is a plesant surprise, was getting a bit nervous on this one with results seemingly delayed. back in a bit once I have had some coffee.

4 Oaks - I think all of the bad news had been factored in - it is the outlook that needed to show a massive improvement after the mess of previous years.

[safman] 25/6/2003 08:27

LOL!...

Good Luck..

[fouroaks] 25/6/2003 08:22

safman - blimey, you're the only one on here talking to me and you don't hold! You would have thought some other bu@@er would have got up early just in case they released results today - in case you didn't realise, they have been giving "results will be out within a week" comments for about a month now! :o)

(edit) To be fair it's actually only about two weeks, but it feels more like a month!

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[safman] 25/6/2003 08:18

I know a little bit about this company.. the software without any hesitation is world class... its a pity about the way everything has been handled, otherwise this should be trading closer to a pound...

I do not hold....

[fouroaks] 25/6/2003 08:16

L2 all four on 30p/33p.

[fouroaks] 25/6/2003 08:12

Not exactly a burst of enthusiastic trading! Three trades so far. I think everyone has got fed up with waiting and sold up - I'm the only one still holding!! Still, SPT is on it's way back up hopefully - I'll have someone to talk to there ;-)

[fouroaks] 25/6/2003 08:08

So what do I know? Up 14.8% at present - 30/32 with three on 30p. and one on 32p.

[fouroaks] 25/6/2003 07:39

If there's anyone left out there what's this likely to do to the share price???

Doesn't look too good to me....


AIT Group plc
PRELIMINARY RESULTS
YEAR ENDED 31 MARCH 2003

AIT Group plc today announces preliminary results and an update of the progress
made by the new management team in turning the business around.

Key points:

* Full year turnover of #17.6 million (2002: #36.2 million)
* Operating loss of #16.7 million (before exceptional costs of #23.5
million) (2002: operating loss #6.8million before exceptional costs
of #1.9 million)
* Loss before tax of #41.2 million (2002: loss before tax of #9.3
million)
* Loss per share (basic) 306.0p (2002: 40.6p)

* New management team in place led by Nick Randall, CEO
* Restructuring now complete
- Annual operating cost base reduced from #44 million to an
annual run rate of #19 million in current year
* Stage 1 of turnaround plan now completed with cost base aligned to
realistic core business levels:
- Operating costs (before exceptional costs) reduced to
#11.4 million in the second half from #22.8 million in the
first half
- Operating loss (before exceptional costs) reduced
significantly to #2.3 million in second half versus loss of
#14.4 million in the first half
- Cash of #2.7 million on the balance sheet at end of second
half
- Long term debt of #9.0 million
* Second half
- Results ahead of analyst expectations
- Revenues up 9% in second half at #9.2 million versus
#8.4 million in first half
* Strengthened financial position
- Successful fundraising of #20.5 million new equity in October
2002
- Raising of an additional #5 million through the issue of
convertible loan notes
* Product success and market potential
- Two key Portrait reference sites now live: Nationwide
Building Society (12,000 users) and Rainier Pacific Bank
- Product gaining market recognition - selected as preferred
software supplier for a contact handling system for a leading
UK Police Force to deal with both their emergency and
non-emergency calls
- Significant services undertaken on behalf of Lloyds TSB
Insurance
- Addresses a growing market with Gartner currently forecasting
the CIM market to expand progressively over the next 3 to 5
years

[fouroaks] 24/6/2003 10:15

Once again - NOTHING, not even an announcement of when they are going to release results!!

[potentials] 23/6/2003 21:53

Well - will it be tomorrow or not (on basis of deadline given to HorseTR??

I am hoping it will but will only believe it once I see the press release.

There have been a series of small sales over the last week or so which presumably represents frustration of some smaller investors at the lack of newsflow from the company detailing exactly when the March 03 y/e results will be issued.

I must admit that this has made me resist my temptation to add to my small holding - but hopefully when the results do come out there will be a clearer picture going forward - either good or bad but hopefully good.

Here's hoping for at least something by was or press release tomorrow!!

[mr.oz] 20/6/2003 11:05

I e-mailed them a week ago -
no reply ,
sold out ,
waiting .......
( no deramp intended )

[potentials] 19/6/2003 22:43

In a post on another board, a contributor stated that he phoned the company on 16 June 2003 re the results release date and he was told they would be released within 2 weeks from that date and that was as specific as they would be.

Still I am hoping that they stick to the range given to HorseIR ie on or before next Tuesday 24/06/03 - although they did promise the same a week ealier!

[horsetr] 19/6/2003 16:06

AGP management should be copied in on this thread to give them an idea what is thought of them so as to possibly get their A in G???

[fouroaks] 19/6/2003 13:59

Brian - sounds pretty offensive towards the management ;-)

Perhaps they deserve it though!