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AVT Bnp Agrin

103.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bnp Agrin LSE:AVT London Ordinary Share GG00B1YKCX92 RED PREF SHR NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 103.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 103.00 GBX

Bnp Agrin (AVT) Latest News

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Bnp Agrin (AVT) Discussions and Chat

Bnp Agrin Forums and Chat

Date Time Title Posts
10/8/201212:18BNP Agrinvest40
02/1/200818:52anyone know anything about avt31
06/8/200511:39Advanced Technology - one way share price1,317
03/3/200516:27ADVANCE TECH (1/1/05=7) ONE WAY UP54
19/7/200200:56Will Advance Telecom rise or fall after the results on 27/4/01?208

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Bnp Agrin (AVT) Top Chat Posts

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Posted at 08/9/2010 17:22 by bobdouthwaite
Dave, LGRA, for example, is leveraged 2x. So if one wants to risk leveraging, what's the advantage of AVT?
Posted at 06/2/2007 15:56 by aredis
Just been called by a guy claiming to be from Butterfields and offering to pay £9 per share for my AVT shares. I said he could have them for 9p but he insisted £9.
Next step, was for me to disclose my bank details, how did I see that one coming . Hopefully he is now trying to put his phone where I suggested.
Posted at 01/4/2006 11:23 by lord r
Tommy Ten Chins

Hopefully the lesson for you is NOT to believe anything that anyone tells you,EVEN if they say they are a close friend of the chairman!

Never EVER put all your money in ONE company,especially ATL,unless you want to lose your shirt.

Never EVER tell any of your friends( if you have any left), about your bloody fantastic share tips just in case they lose all their money as well!!

Adios.
Posted at 10/3/2005 12:51 by britishbear
At least EJ had the civility to post on this board again. He states he did not sell any so must have taken a pretty large hit on this - I would expect 5 figures.

It just seems that there was SO much wrong with this company (from the insiders) that it is amazing that someone like EJ cannot get to this information.

It is true that most of us have only lost a small percentage of our portfolios but many have lost their jobs.

Still leaves a bitter taste.

EJ losing the Telegraph gig is unlikely to be due to AVT although it could not have helped. It is one thing tipping a compnay where the share price goes down but few get it so spectacularly wrong so the company goes BUST.
Posted at 08/1/2005 18:56 by 3 doubler
The much talked about Ghana water contract was supposed to be the making of the company and was the reason for the rise to 40p last year.It was thought to generate profits of something like £2m/year to AVT.However the company was, by all accounts, led a merry dance by the locals saying very soon now they would be in a position to sign the various agreement for the project but it never came.The reason I assume was because they didn't have the money(typical Africa) so I guess now they have $100m from the World Bank things can now go ahead.

My guess is if the Ghana Contract does go through it is with all the history surrounding the company still worth about about 10p to the AVT share price.Fidelity did come in as a new investor in the financing at 5p which was quite interesting.

Don't want to get too excited but this could be the start of the new begining under Captain Morgan.

As a layman trying to look at it on a risk reward basis I think there is a 50:50 chance something might get signed on the back of this news in the next six weeks so I reckon there is a 50:50 chance of tripling my money over that period.Therefore using those odds it is worth a punt but for option money only.
Posted at 01/1/2005 15:48 by britishbear
I had thought about

"two-way share price but contract unlikely to ever be signed"

but it was too long.

Disagree with $:£ analysis though - I think £ will decline further against the dollar in the next 6 months. Of course if the opposite happens it will be good for AVT. Damage for the next results will already have been done and I doubt AVT hedge currencies.
Posted at 22/12/2004 20:43 by shortashare
In response to British Bears post earlier...

quote''AVT is another share where many of its costs will be in £ but nearly ALL its revenues will be in $'s.

This is the primary reason for the fall imo.

Dollar has further to fall so no recovery in the near future.''unquote

The Bank of England MPC minutes were released today and it looks like interest rates will be cut now, rather than increased - this should be good for the dollar and therefore better for AVT.

Also BB, I know you probably chose the title for this thread because of the pun, but we really are going 'one-way' at the moment, perhaps you could start a new thread with another title...? (I would but I don't know how to).

Perhaps it could be called 'Two-way share price, but mostly up'. Lol
Posted at 04/12/2004 14:32 by lord r
Stu

Understand your frustration mate but without Morgan this Company would have gone down the pan back in June/July.

AVT is a little tiddler in a complex big boys game involving meter manufacturers,utilities,partners,politians and other hangers-on.
Progress has been incredibly slow on 2-way and AVT has come close-(or so they thought)to securing very large contracts which would mean we'd all be on the beach in the Bahamas by now.

Even one contract would have a massive impact on the share price, so i'm hanging on in hope!Encouraging that some long term shareholders have topped up at these prices.Maybe they know something we don't!!
Posted at 03/12/2004 22:04 by stu31
RNS Number:0415YAdvanced Technology (UK) PLC30 January 2001Advanced Technology (UK) Plc The Directors of Advanced Technology (UK) Plc note the recent move in the share price and confirm that they are in detailed discussions with a thirdparty for a large scale supply contract. A further more detailed announcement will be made in due course.

RNS Number:7162CAdvanced Technology (UK) PLC27 April 2001Focus continues on South East Asia, where we await confirmation of commencement of the project. We are proceeding towards pilots with various other countries and our South East Asian partner, Paracorp Technology, has recently announced it has secured an order for a pilot installation in Tianjin province in China. In Europe we continue to build our presence in countries such as France, Italy and Germany and with new countries such as Greece. We have also received an order for a pilot in India and a first order for 1,000 units was received in February for a pilot installation in Malta.

RNS Number:5519KAdvanced Technology (UK) PLC25 September 2001 The Group continues to support its South East Asia partner in preparation for manufacturing and system deployment. Negotiations between our partner and the utility regarding the Automatic Meter Reading Service contract are at an advanced stage. It is expected that production and revenue generation will begin before the end of 2001.Two new customer-funded pilots, in Ghana and Western Australia, will commence in October 2001.We expect the South East Asia project to provide a working example of a Two-Way Fixed Network which should provide a valuable reference site for other interested parties. Projects of this size, political nature and complexity, tend to result in protracted negotiations. The planning of future projects will incorporate allowances for these activities. (Yeah right like Ghana)

RNS Number:4621PAdvanced Technology (UK) PLC4 January 2002Update Following a visit to the Far East in December 2001 by the management of ATL, the board of ATL reconfirms that it remains optimistic of a successful outcome to the negotiations with its partner in the Far East. (wonder who paid for that holiday er trip)

RNS Number:4362XAdvanced Technology (UK) PLC19 June 2002 The Board has recognized the need to raise further funds as the Group has an urgent requirement for further funding to finance working capital and capital expenditure. In our announcement on 4 January 2002 the Group confirmed that it remained "optimistic of a successful outcome to the negotiations with its partner in the Far East". We still firmly believe this to be the case. In January 2002, the Group successfully completed a trial for Ghana Water Company Limited and has now tendered for a comprehensive project for a Two-Way Fixed Network System. We await the outcome of this tender. Progress in Ghana has been greatly facilitated by the work already done in South East Asia, and by previous a trial with South Staffordshire Water. Furthermore, our progress in Ghana has been, by comparison to other projects, rapid. This has been as a consequence of the Group seeking to work directly with the end-user rather through intermediaries.

"Furthermore, our progress in Ghana has been, by comparison to other projects, rapid". (LOL! Absolutely priceless, yes this was June 02)

RNS Number:9819DAdvanced Technology (UK) PLC19 November 2002 However, in Ghana, progress is being made and we believe that we are close to receiving our first order. (of course, of course)

RNS Number:8562MAdvanced Technology (UK) PLC27 June 2003. The Group has raised #1.75 million (net of expenses) in two fundraisings in November 2002 and March 2003 by way of convertible loan notes and equity. Development in Ghana has been slow. (Really?) These delays, which were of a commercial nature, have now been resolved and we hope to be able to progress this project.The cash injection from the two recent fundraisings secured the Group's immediate prospects, though the Group's longer term prospects remain significantly dependant on delivery of a major Two-Way contract. Shareholders will be only too well aware that the embryonic Two-Way operation has absorbed considerableresources which has constrained the rest of the Group's business from growing more rapidly. 2003 will be a defining year for the Two-Way business. (It certainly was)

RNS Number:1545QAdvanced Technology (UK) PLC25 September 2003 Overall, the Board is confident that the recent lack of output will not disrupt future revenue. Our immediate goal is to have a positive cash flow balance without relying on any revenue contribution from the Two-Way Fixed Network business.

RNS Number:0141RAdvanced Technology (UK) PLC17 October 2003 Placing to raise #205,000 in Loan Notes and New Ordinary Shares at 10p per share.

RNS Number:7789VAdvanced Technology (UK) PLC24 February 2004 The Company confirms that discussions have continued both with those government officials and senior officials of Ghana Water Company Limited. The executive management involved have satisfied themselves of the final stage nature of these discussions and they have confidence that these discussions should result in a timely satisfactory project outcome. (I think I've heard this before). In addition, the Company is in an advanced phase of negotiation with an electricity utility company in an Asian country in respect of another Two-Way project. This Asian utility has shown every indication of wishing to conclude the formalities on this project with the Company within the very near future, although the Board remains cautious of the outcome of any negotiations until all formalities are completed. Other projects, both Two-Way and One-Way, are also showing good progress. In particular, the Company's business in the One-Way water market in the United States, which was not without its problems in 2003, is now starting to show improvement and progress. While the Company remains optimistic that it will be in a position to enjoy the benefits of the protracted negotiations surrounding the potential Ghana contract, as well as other projects currently under negotiation, the delays encountered in such negotiations once again necessitate the injection of further capital into the Company, (I'm shocked) both to finance the Company's normal ongoing costs, and also to finance specific project costs relating to potential contracts currently under negotiation. Accordingly, the Company have negotiated with the Universities Superannuation Scheme ("USS") already a substantial shareholder in the Company, (fools) and otherparties including certain other existing institutional shareholders, an injection of a further #850,000 into the Company.

RNS Number:2586YAdvanced Technology (UK) PLC04 May 2004 Advanced Technology (UK) Plc has raised #800,080 through the placing of 4,444,889 New Ordinary Shares at 5p each ('New Ordinary Shares') at a price of 18 pence per new Ordinary Share. On 24th February 2004, the Company reported that it was in the final stage of discussions regarding the development of its potential Two-Way Fixed Network project in Ghana and was at advanced phase of negotiations with an electricity utility company in respect of another Two-Way project. Although these discussions have taken longer to conclude than previously envisaged (surely not?) both utilities are showing every indication of wishing to conclude the formalities with the Company within the very near future. (At least by 2020).

RNS Number:7175ZAdvanced Technology (UK) PLC14 June 2004Re: Suspension ATL announces that it is in the process of transferring its invoice factoring facility to a new factor. The Company has also recently encountered supply difficulties, in respect of two of its principle component suppliers. (how unlucky) This has compromised its ability to draw down funds under its existing factoring arrangement, on which the Company is highly dependent for working capital. ATL continues to await the outcome of the final stages of negotiation of the Ghana2-Way contract.

RNS Number:2118AAdvanced Technology (UK) PLC28 June 2004 Advanced Technology (UK) plc announces that it has raised the sum of #650,000 through a placing of 7% conditional convertible loan notes 2007 ("the LoanNotes") arranged by Ruegg & Co Limited with an institutional investor. (more fools) #500,000 of the placing monies has at today's date been drawn down. (don't waste time lads)

RNS Number:2890BAdvanced Technology (UK) PLC28 July 2004 The Group experienced a very difficult year. First half manufacturing disruption was overtaken by product quality issues which seriously hurt sales and resulted in a large replacement programme. The Company seriously underestimated the timescale in completing Two-Way contracts in Ghana and Asia, although they are still being progressed. Turnover declined to #5.12 million (2002: #7.63million). At the time of our Interim Statement last September we said we believed that the causes of the manufacturing disruptions in our One-Way business had been eliminated, costs had been removed from the business, and that the Company was confident of securing additional revenues during the final quarter of 2003. Regrettably, this optimism proved wholly misplaced, with significant additional problems surfacing as the year drew to a close. We are enormously conscious of having been over optimistic in our endeavours and in our statements in recent years. (as we are intellectually challenged and don't know how to run a business, but please keep the funds coming)

RNS Number:3959BAdvanced Technology (UK) PLC29 July 2004 Name of director GREGORY WORRELL JOHN MORGAN (CHAIRMAN) Description of shares or debentures involved: class, number 1,800,000 ORDINARY SHARES 5P. Exercise price 6P. Name of director ANDREW JOHN CHANNON. Description of shares or debentures involved: class, number 300,000 ORDINARY SHARES 5P. Exercise price (if fixed at time of grant) or indication that price is to befixed at time of exercise6P.
(Hey, the more we destroy shareholder value the cheaper our free options get!)

RNS Number:8937BAdvanced Technology (UK) PLC12 August 2004 Placing for Cash Ruegg &Co Limited on behalf of ATL, has raised a further #430,750 (#408,250 net of expenses) through a conditional placing of 8,615,000 ordinary shares of 5p each to institutional and other investors at a placing price of 5p per Ordinary Share (mugs)

RNS Number:4223DAdvanced Technology (UK) PLC28 September 2004 Turnover in the period to 30 June 2004 fell to #1.58 million from #2.82 million with lack of finance and production constraints adding to the Company's problems. I became Executive Chairman on 1 July 2004. My first role was to secure and rapidly put in place the necessary finance as well as address the management issues. (such as not having any) Our embryonic Two-Way business has still not succeeded in landing the previously much talked about large contracts. (surprise surprise)

If you believe a word that comes from this lot you are a bigger fool than the management and that is saying something. At the very least they are incompetent and IMO verging on criminally negligent. How the same company can put out the same misleading/grossly over-optimistic statements over such a long period, albeit with new but equally inept management defies belief. All money put into this company, and there have been many many fundings, has disappeared into a bottomless pit. That institutions keep rescuing it is a testament to the potential of the technology but management is everything in business and this bunch is as clueless as you can get on the LSE. Anyway, I'm thinking of averaging down so I'm worse than them.
Posted at 30/11/2004 15:58 by themanwithnoname
£5k is peanuts to these guys ...the drop is share price means no further money can be raised ......

These guys are burning £2m every 6 months ......they should have no money now ...reason for share price drop ......IMHO ..

This is going belly up .........sorry to state the obvious ..this co has no chance ...

I am sorry for shareholders sincerely ...but the last results were the nail on the coffin .....
Bnp Agrin share price data is direct from the London Stock Exchange

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