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ATD Bioseek

0.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Bioseek ATD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.50
more quote information »

Bioseek ATD Dividends History

No dividends issued between 26 Apr 2014 and 26 Apr 2024

Top Dividend Posts

Top Posts
Posted at 28/8/2012 16:50 by buywell2
It is expected that the last day of dealing in the Ordinary Shares on the Main Market will be 28 August 2012. Cancellation of the listing of Ordinary Shares on the Official List and the admission to trading of the Ordinary Shares on the Main Market of the London Stock Exchange is expected to take effect at 8.00 a.m. on 29 August 2012.





Got the Bronze


LSE % Losers Top Lists ...... 28 Aug'12

EPIC Name %

LONG Longships -44%
RMP Red Emperor -40%
ATD Bioseek -23%
Posted at 20/8/2012 16:48 by buywell2
BioSeek(Asterand) win again


............. % Losers Top Lists ...................



EPIC............. Name .......... %

.. ATD......... Bioseek....... -19%
.. MTV........ Motive Tv...... -18%
.. TPJ...... Triple PL.JU..... -16%



Another buying opportunity presents itself for our savvy investor that has been adding prior to delisting
Posted at 27/7/2012 10:28 by the skipper
Have been deliberating whether to sell my shares before ATD delists/goes into admin or hang on for the possibility of some decent gains (from here at least - I am of course resigned to taking a big hit on my original investment). So with a view to attending Monday's meeting I spoke to one of the Directors in the USA.

Clearly he was not able to give me any specific price sensitive information but the overall tone was very positive. He confirmed that all the secured debt would be cleared on the sale of the human tissue business and they had 'shaken hands' with the other creditors on a commitment to repay them when a tax rebate is received next year. He was confident that there was good residual value in the Bioseek business going forward either from continued trading and growth or a sale of the company.

I put it to him that employees must have been heading for the exits and questioned whether they would be able to retain and attract customers, but he indicated that there had been no issues in this respect in the Bioseek part of the business and they were in the course of launching a bespoke website which they could use to keep shareholders and customers posted following delisting. As stated in the circular, completion of the disposal would immediately be 'earnnigs accretive' and that is why they have secured the support of over 50% of the shareholders for the proposals.

As to future value he kept referring me to the price that was paid for the Bioseek business as a guide and what this amounts to per share. Maybe that explains why we have seen some decent buys come through in the last week or so, now that the price has hit rock bottom?

Selling now would only realise around £700 for me from my investment of almost £10k so I have decided to stick with it and see what pans out.

I hope this provides some comfort for those who are in a similar position.

Tot
Posted at 23/7/2012 13:26 by buywell2
Its there

LSE % Losers Top Lists

EPIC
,,,,Name......... %
RMP Red Emperor -43%
ATD Asterand -30%
NVTA Noventa -18%




24th trading

Latest trades

Time Price Volume Value Bid Ask B/S Type
8:33:52 0.3p 1,800 £5 0.25p 0.5p Sell O
8:26:05 0.35p 200,000 £700 0.25p 0.5p Sell O
8:00:52 0.27p 2,129 £6 0.25p 0.35p Sell O
8:00:43 0.35p 15,494 £54 0.25p 0.35p Buy O
8:00:19 0.31p 24,727 £77 0.25p 1p Sell O
8:00:13 0.31p 10,591 £33 0.25p 1p Sell O


Later

Latest trades

Time Price Volume Value Bid Ask B/S Type
14:19:55 0.332p 28,680 £95 0.25p 0.5p Sell O
13:42:41 0.485p 13,739 £67 0.25p 0.5p Buy O
10:16:29 0.3p 11,268 £34 0.25p 0.5p Sell O
8:33:52 0.3p 1,800 £5 0.25p 0.5p Sell O
8:26:05 0.35p 200,000 £700 0.25p 0.5p Sell O
8:00:52 0.27p 2,129 £6 0.25p 0.35p Sell O
8:00:43 0.35p 15,494 £54 0.25p 0.35p Buy O
8:00:18 0.31p 24,727 £77 0.25p 1p Sell O
8:00:13 0.31p 10,591 £33 0.25p 1p Sell
Posted at 20/7/2012 08:19 by buywell2
Lots of sells coming through

News leaked ?

Now in 2nd place on advfn


LSE % Losers Top Lists

EPIC Name %

SPGH Superglass -46%
ATD Asterand -19%
FQM First Quantum -11%






Latest trades

Time Price Volume Value Bid Ask B/S Type
8:02:22 0.54p 3,033 £16 0.5p 0.75p Sell O
8:01:04 0.724p 2,494 £18 0.5p 1p Sell O
8:01:04 0.7p 750 £5 0.5p 1p Sell O
8:01:00 0.7p 13,770 £96 0.5p 1p Sell O
8:00:58 0.7p 33,707 £236 0.5p 1p Sell O
8:00:58 0.7p 39,408 £276 0.5p 1p Sell
Posted at 18/7/2012 11:53 by buywell2
Yes .... but we can't blame the ATD BOD for that as well
Posted at 28/6/2012 19:04 by buywell2
......... It's been a long journey but ATD has finally made it .............




Mkt Cap of £1.1m

But

debts/monies owed by ATD .... and that 'a' word gets used yet again

'Provided certain creditors amounting to some USD1,400,000 can be deferred, the Board believes that it has sufficient financial resources to enable the Continuing Group to operate for a short period following Completion during which time it will be seeking further funding. If no further funds can be raised or BioSeek/the BioSeek Business cannot be sold within this period, it may then be necessary to place the Continuing Group into administration. '
Posted at 27/6/2012 10:25 by buywell2
It's not a laughing matter I would have thought for ATD shareholders

''Since the Interim Management Statement announced on 19 May 2012, trading conditions have remained challenging and the ongoing financial constraints have prevented the necessary investment in future growth. As a result, the growth outlook for the Company is diminished in the short term.''


Some bigger holders getting out with something

Latest trades

Time Price Volume Block Price Bid Ask B/S Type
9:29:30 1p 100,000 £1,000 1.18p 1.18p SELL O
9:17:03 1p 735,030 £7,350 1.18p 1.18p SELL O



Hindsight has shown that the ATD board MASSIVELY OVERPAID for BioSeek

It is now looking like they will get little for this business ..... just how little will reveal tthe true extent of that overpayment

It would now seem as I posted weeks back that NO FINANCIAL entity wants to lend monies to ATD as it would be like throwing down the drain.

Good staff must be leaving if they can find a job ..... and the remainder must be a sorry demotivated bunch.

De-listing will only prolong the inevitable ...... the BOD have clearly shown by their actions that they can't run a company properly.

The least they could do is to stop taking saleries till either the company was sold or put into liquidation

If I were a shareholder I would be looking for redress



ADDED

On advfn .... share price has gone back up but trades showing are BUYS which is at odds with others .... I think the adverse comment has triggered SELLS at 1p






Latest trades

Time Price Volume Block Price Bid Ask B/S Type
10:50:47 1p 60,000 £600 0.85p 1.5p SELL O
10:29:02 1p 9,950 £100 0.85p 1.5p SELL O
9:29:30 1p 100,000 £1,000 0.85p 1.5p SELL O
9:17:03 1p 735,030 £7,350 0.85p 1.5p SELL


FT showing it 15% DOWN
Posted at 12/6/2012 09:42 by buywell2
ATD has NO CASH left now

Who will pay the BOD's wages ?

Perhaps they will spend the last few quid asking shareholders for a whipround for all the good work recently put in

'Whilst the net cash proceeds of the Disposal, together with the existing cash resources of the Group, will enable the Group to settle in full the Secured Debt, the Continuing Group continues to experience financing problems and the Board continues to explore a number of alternatives for BioSeek or the BioSeek Business including, inter alia, its disposal, or the securing of additional funding from Shareholders and/or third parties. '


It don't look good for shareholders .... there still seems to be 'other' debts/monies owed by ATD .... and that 'a' word gets used yet again

'Provided certain creditors amounting to some USD1,400,000 can be deferred, the Board believes that it has sufficient financial resources to enable the Continuing Group to operate for a short period following Completion during which time it will be seeking further funding. If no further funds can be raised or BioSeek/the BioSeek Business cannot be sold within this period, it may then be necessary to place the Continuing Group into administration. '
Posted at 01/5/2012 18:47 by buywell2
From the results , and the most important bit I reckon

''Assuming that definitive agreements are executed the Board is expecting to issue a circular to shareholders in the coming weeks with details of the proposed transactions. Then the likely process will be disposal of the assets of each of the two businesses and a solvent liquidation of the Group to return cash to shareholders. Whilst the level of a liquidation dividend, if any, cannot definitely be determined at this time, the Board's current estimation, based on the letters of interest from the buyers and the current share price, is that the maximum payout to shareholders is unlikely to show a significant premium to the share price as of the close of business on 26 April 2012. ''


Now it seems to me that any company/s still interested in buying bits of ATD with the share price now as it stands ... is in a very strong position

How much actual cash do ATD have as of today ?

I did not see this in the results , one would imagine it is now very much , also we know that the biggest tissue contract has now ended , so turnover now must be down and staff knowing that the business is not self sustaining any more will be leaving .... from results ''The modest decrease is attributable to a reduction in sales staff salaries expense due to attrition''


thus creating a downward circle of pressure on whatever business ATD are still managing to achieve, the only bit that seems any good is BioSeek and even that seems to have now flattened out.

So IF the potential buyers delay .... then at some point the administrators get brought in

Then the bits get even cheaper

Why should any buyers rush to make offers ?



buywell2 26 Apr'12 - 08:37 - 765 of 771 edit



I wonder if selling volumes will rise as Finals Day approaches ?

Last 3 days trading suggests they are



If they haven't got a buyer by that date surely a statement regarding the break-up of the company will be made

Bioseek owners are owed circa $9m by Asterand equivalent to 4.5p a share
´´Additionally, the Group has taken on a total of $9.3 million in debt to finance the BioSeek acquisition with corresponding debt service obligations. ´´

With interest payments this has now probably reached circa $10m



I can't see shareholders getting much







Technicals now suggest 2.25p coming

Fundementals suggest less ..... why ?

ATD LOSS for 2011 was OVER $8.2m ...... the present Mkt Cap is $7.9m which is too high considering there is NO INTANGIBLE value to ATD whatsover now, the book value of 4.26p peviously quoted on FT.com included $6m CASH ..... there MIGHT be circa $2m now a shortfall of $4m , and debt has now probably risen to over $3.5m from $3.24m figure in the results

This equates to a difference in the FT.com book value of $4.5m or 2.75p

4.26 - 2.75 = 1.51p

Which is what the share nearly hit on the last slump after I had posted that it was what I thought the share was nearly worth as it happens



dyor

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