AT Communications Share Discussion Threads

[tyranosaurus] 29/8/2009 11:12

I will not buy foreign companies and I am not buying small UK companies any more.

I have been burnt too many times.

[stegrego] 23/8/2009 14:59

This sort of thing always makes me question the so called wisdom of those who will not buy foreign companies, such as Chinese or Indian, because 'they cant be trusted'

Many UK plcs fall into that catagory so the risk premium on the Chinese stuff is unwarranted IMO.

[egoi] 04/8/2009 17:09

Virtually deja-vu!

[yorgi] 04/8/2009 10:00

I would say you are spot on Masurenguy. I was watching this one and I was thinking of buying but in the end I didn't and I was lucky it seems but I was very close to it.

Although I have not lost here like many others who try thier luck on Aim will loose out sometimes and it is painfull I know having just lost out on Irvine Energy.....although slimmest hope of a few pence back

Sorry for those of you who have lost

[masurenguy] 04/8/2009 09:36

You may be right nickduk but that's a risk with lightly regulated AIM companies. Also don't forget that some directors were burned here too as shareholders. For starters, former FD Ian Crawley bought nearly £1m of shares at an average price of around 40p and as far as I'm aware still holds them !

[masurenguy] 04/8/2009 08:42

That's the risk you take with AIM stocks and small caps - at one extreme some will 5 or 10 bag and at the other they will go to zero ! This company expanded through acquisition by over-leveraging itself in a bull market and was then caught out with far too much debt when the crash happened last year.

[tyranosaurus] 04/8/2009 08:31

This is another example of why investing in small companies is a bad idea.
Inevitably the shareholders are the first to get shafted.

This has happened several times to me.

[cocker] 04/8/2009 08:22

Within less than 24hrs a buyer found for atcg assets.Oh what a ROTTEN EGG SCENARIO. Why on earth could the board not do the deal & perhaps secure shareholders some cash.

[moonlover] 04/8/2009 01:20

KBC were right!

[masurenguy] 03/8/2009 22:06

Jasper - creditors always take precedence over shareholders. The bank is first in the queue - I think they are owed £8m - then there are all of the other creditors, the employees, the C and E for VAT, the IR for CT etc etc - as Stegrego says - there will nothing for shareholders whatever deal is done.

[stegrego] 03/8/2009 21:56

Id imagine they will just buy the assets from the administrator and current shareholders get zip.

[jasper28] 03/8/2009 21:51

if they buyout the plc, then wont Daisy offer shareholders the last price, prior to suspension?

[masurenguy] 03/8/2009 21:30

Probably some good synergy there for Daisy but I wouldn't hold out much hope for any payout to shareholders since the bank will have preferred creditor status after the Administrator has charged his fees.

[jasper28] 03/8/2009 21:14

Rumour going around the shop floor that Daisy have bought the whole company outright, RNS tomorrow?

Would this mean a possible payout for existing shareholders?

[egoi] 03/8/2009 15:33

Trouble is Dd, (I don't hold), as at infonic as far as anyone can tell everything was done by the book (incredibly they supposedly lost £9.4 million in their last six months - about £80k a day, where it 'went' is quite a mystery from the accounts to me!) double the first half, without a profit warning, but within 48 hours of going into admin a team including management had 'supposedly' put together a bid to buy from the administrator. Private shareholders lost the lot of course.
Their is an Infonic action group but they don't seem to be getting anywhere.

Yet it was all apparently above board and that is the sort of scenario I can envisage here for private shareholders, if a buyer from the administrators emerges. Without wishing to sound defeatist, I can't see what course of action they have open to them, in either case.

[davidosh] 03/8/2009 15:03

I really think we need to get to the bottom of what happened here.....Too many changes in personnel and directors for this not to have been known many months ago or there to have been something that needs accounting for to shareholders.

[recruiter] 03/8/2009 14:57

well thats all folks......sorry for your losses, but that latest RNS is the fat lady singing