AT Communications Share Discussion Threads

[whiterussians] 03/6/2009 11:31

night jon boy

[staymour] 02/6/2009 09:33

Who knows what the financial position is?

With the sale of Rocom there will be a big reduction in debt, which peaked at one stage at £22m.

The new management are scaling back staff levels, they passed on the dividend, they are reviewing director remuneration and bonuses, and they are also seeking a new financial FD.

Fairly pro-active in my view.

Quite sure the banks will manage to get any "data" they need lol

[gyau] 02/6/2009 09:06

Its dead imho its at the mercy of bankers.

The ejection of the finance director last week - i wonder who will be providing data to the banks?

[staymour] 02/6/2009 08:39

Can't help thinking that this sad state of affairs we've come to with ATCG is all down to failings of the top management to run the business tightly.

Contract win after contract win, solid base for the future, blah blah blah, how many times did we hear that guff?

But maybe if this new team are any good and can get a grip on the business then there will be light at the end of the tunnel.

Just unfortunate that a major project has been delayed because the market was in no mood to cut ATCG any slack.

Oh well let's hope they can report back soon on this project delay.

[tyranosaurus] 02/6/2009 08:27

Makes me wonder if it`s worth holding small stocks.
This comes days after Clipper Ventures shares bomb as they are cancelling AIM listing.

[gyau] 02/6/2009 07:18

The question is how they will repay the next year's £4.5m (?) capital repayment to the bank?

[tundertre] 01/6/2009 21:32

Rumour is a dangerous thing. I heard a rumour that Alex T. would like to buy the company back. He already has 3 million shares (many bought at 30pish...) it's starting to look cheap. T123.

[liyangnano] 01/6/2009 17:21

421,353 sell @5p cant mean good at all! Sp will have a long way to recover. i have made loss on it, but not this time.

[staymour] 01/6/2009 16:41

Notice the statement said .... 'has begun a process of cost reductions.....'

Looks as though the project delay might have been a catalyst for this to have started sooner than planned?

Nobody likes being on the sharp end of redundancies, but if the cost base is getting out of step with revenues then it often has to be done to protect the business as a whole.

There might be some further selling tomorrow as investors at work come home to this news and decide to bail.

For us long suffering holders a further wait.....

Still feel there's a good business in there somewhere that is just waiting for quality management to unlock it.

[recruiter] 01/6/2009 16:16

uhnm, or you could wait for the bankers to stop the line of credit & buy the bits of the business you wanted for a much smaller price.
Dead cat bounce imo as this is going down tomorrow, a great shame for all holders, my commisserations.

[jasper28] 01/6/2009 16:10

At such a low price could this be a target for a potential MB or Private buyer.
Is this a deliberate attempt to drop the price for AT to make a private bid to take the company off the market? Thoughts

[staymour] 01/6/2009 15:33

A lot of people have been holding on waiting for the company to turn things around, but looks like they have finally capitulated and are bailing out.

If we take the management statement at face value then it looks like there are four elements involved.

Delay to a significant project resulting in a loss of cash flow, unclear when the project will complete, but management in discussions about this.

This will have affected projected cash flows and so will have impacted on the levels of bank support this year and would obviously have to be discussed with the bank.

Ongoing revenues down on budget but still at an encouraging level.

Cost reduction programme being implemented which will reduce staff levels.

The last two points will make the the company more able to mitigate the project delay.

So............. with continued bank support the company should weather this delay in revenues and may emerge stronger in the longer term.

But do we trust this management to get us out of this mess?

At less than 5p bid now, a lot of investors are voting with the sell button.

[jwe] 01/6/2009 15:31

8trade-yes i noticed that too.A very nice turn(at least in % terms)

[8trade] 01/6/2009 15:26

Surely it has to bounce from here, i know it's not great news
but the price has been blitzed on it.

[8trade] 01/6/2009 15:25

What about the poor sod who left a 25k buy order at 11.5p which
of course those lovely market makers filled instantly on the warning !

[masurenguy] 01/6/2009 15:20

What a complete fiasco !

[liyangnano] 01/6/2009 15:12

it could be bankcrrupt by this delay?

[8trade] 01/6/2009 15:11

I would not be a seller like that 50k at 6p, i think
that is too low to bail out.

[jwe] 01/6/2009 15:10

Very poor im,should have been announced at the AGM.There was a big dump last week which could also imply a leek.The problem(yet again)is debt and continuing bank support,which,i`m afraid to say,does not look a given.I`m afraid this is now going to be off my monitor but wish holders better luck!

[scburbs] 01/6/2009 15:09

8trade,

Of course that wasn't what I meant! I meant it should have been disclosed in a trading statement prior to the AGM so those attending could have questioned the board on it (i.e. the board have delayed the statement to avoid uncomfortable questions). Although as per Davidosh's email there wasn't much in the way of PI attendance anyway.

[mikeja] 01/6/2009 15:08

7 to 7.5 now.May be a buyer at 3p

[whiterussians] 01/6/2009 14:47

Today says in talks with bank
looks goodnight midnight

[mikeja] 01/6/2009 14:45

Now we know why the FD resigned,again.Is this the worst run co around?

[whiterussians] 01/6/2009 14:45

Finance Director Resigns

LONDON (Dow Jones)--AT Communications Group PLC (ATCG.LN), a information and communication technology solutions provider, said Thursday its finance director, Andrew Parsliffe, has stepped down.

MAIN FACTS:



Thats the second one to leave