Bnp Agrin Share Discussion Threads

[foreigner] 09/3/2005 22:00

There appears to be a rumour that a buyer for the assets (what assets !) has been identified. Anyone know who this might be ?

[lord r] 09/3/2005 13:39

I'm afraid it has been a case of a series of bad managers,with no experience of dealing with developing countries, who have blown the £8 million raised on AIM in 2000, and dosh from the other fundraisings.

Had costs been cut at an earlier stage and more attention made to establishing a firm footing in the 1-Way utility market first we may have still been in business.

But the benefit of hindsight is always an advantage!

[car973] 08/3/2005 23:54

Foreigner and Merlin, you guys should get together and talk to the FSA. You probably have a depth of knowledge that is not in the public domain and you can be sure that none of the past or present directors are going to volunteer any information. But check with your solicitors first!

[foreigner] 08/3/2005 19:33

I've also been reading with interest the last few months. I agree with Merlin. I have been in the electronics business all my working life and I have never seen such a bunch of MDs. I think we have been through about 4. I really can't remember. None were memorable. They ranged from the almost competant, through pompous to, at the end, the entirely bewildered. In my 35 years in the business these are by far the worst bunch I have ever had the misfortune of meeting. Who gave them their jobs. As for the financial managers I cannot trust my self to comment.

You would not believe the money wasted on Ghana !!!

[sirus] 08/3/2005 18:50

Advanced Technology (UK) PLC
08 March 2005


Advanced Technology (UK) plc ('ATL' or 'the Company')

APPOINTMENT OF ADMINISTRATORS

Further to the announcement of 1 March 2005, ATL announces that its principal
operating subsidiary, Advanced Technology Ramar Limited, has been placed in
administration. The Company's shares will remain suspended, pending the outcome
of that process. A further announcement will be made in due course.

[lord r] 08/3/2005 11:59

M

Are insolvency advisors the same as Administrators?

I thought shareholders had to be notified of the appointment of administrators?

Why has there been no further announcement to this effect?

[safman] 07/3/2005 23:07

M3RLIN ..interesting post.. thanks for that.. one perhaps for the FSA to look at if true.. yeah BritishBear.. i also am a bit of a mug.. with this one.. small % of my portfollio, but still a loss= a loss...

again, where is that ghana deal.. and what about the institutions adding..?? either they were very niave.. or plain stupid, .. i certainly will not be very happy if misled..

saffy!

[car973] 07/3/2005 22:53

Merlin, much respect to your position. I'm really surprised that the FSA hasn't latched on to this but perhaps it's early days. On the face of it, it seems disclosure events may have taken place that were material to AVT's trading status which should have been communicated to the market.

It may be a lost cause for existing shareholders and employees, but it's the FSA's job to make sure that market regulation is upheld and to be seen doing something about it when there's a breach. If not, what's the point? It sends all the wrong signals.

Merlin, there's another outfit not far from you (ie in Dorchester) that is involved in similar AMR technology. Connected in any way? or an opportunity for employment?? I'm sure you know the outfit but the name escapes me. I can find it if it would be of any use. All the best.

[britishbear] 07/3/2005 20:36

Thanks for the post Merlin - shame you couldn't tip us off - we could have paid you twice the £6000 out of the money it would have saved us by selling out earlier.

Can't win them all but at least you must have had a good laugh at the mugs on AFN still thinking it had a chance.

Seems from what you say that a number of these issues should have warrented an RNS however,

Oh well. RIP as you say.

[safman] 03/3/2005 21:57

FIDELITY INVESTMENTS 7,355,000 9.52
JM FINN & CO 5,933,393 7.68
UNIVERSITIES SUPERANNUATION SCHEME 5,180,059 6.70
UNIVERSITIES SUPERANNUATION SCHEME 4,667,111 6.04
CENTRAL MILLENIUM LIMITED 2,800,000 3.62

the biggest holders in AVT.. the risk was v.high and management just burnt cash and could not deliver...with USS holding almost 13% and Fidelity, whom have not done too badly ( in some of the tech i've followed) are the biggest losers..

saffy.

ps.wheres that Ghana deal they went on and on about...

[lord r] 03/3/2005 16:27

It's definately the end with no chance of rescue this time around, I'm afraid.

[poobah] 03/3/2005 14:33

What's the insider's evaluation now? Would it be something like 0v0 ... ?

[pictureframe] 03/3/2005 12:00

plop indeed. Seriously sorry about your losses guys ;0(

[vanhalen] 03/3/2005 11:18

Stop losses and AIM shares are tricky.

Market manipulation could well see a spectacular tree shake prior to a share heading north. The poor old punter who set his stop loss too close to the share price gets taken out and left on the side lines.

[car973] 03/3/2005 07:30

TTC, it's advice well made. And having watched 6 thou wiped off another holding over the past week, i should have learnt my lesson by now! Cheers

[tommy ten chins] 02/3/2005 23:29

I reiterate my comment 1094

Three rules in investing.

Don't put all your eggs in one basket.

Set a stop loss

Never ever ever ever invest in ATL!!!!


TT

And never believe a "mate" who is on the "inside".



Seriously THE STOP LOSS IS THE MOST IMPORTANT RULE.

[car973] 02/3/2005 15:20

Lord R,

Once the creditors have picked their way through the remains of the stock, intellectual property rights / licenses etc, there isn't going to be any surplus to divi up to shareholders. I can't see any prospect of a workout; the technology they are offering is simply not exclusive or sophisticated any more; the market is not interested; and even as a tax loss vehicle the price would have to be a give-away.

Agree with your conclusion. Let's face it, you don't put on the hazard warning lights unless the engine actually conks out. And the red light has been on for a long time.